Employees are important to businesses because they enable those businesses to operate and offer valuable knowledge that helps businesses become successful. They are loyal to a company if they believe that they are treated well, another factor that enhances a company's success.
It's important for companies to strike a healthy balance between remaining profitable and treating their employees well. Without employees, a company is limited in its ability to provide good customer service and realize its future goals. Some businesses choose to eliminate employees in order to cut costs and save money. However, this may hurt a company's bottom line in the long run, notes Inside Business 360.
While automation, the use of control systems that minimize human intervention, is useful in some instances, it cannot replace the necessity of human interactions in other situations. This is another reason why employees are important to businesses. Jobs that don't have a significant amount of routine tasks, as well as those that require abstract reasoning, such as transportation jobs and firefighting, rely heavily on human employees.
Employers can better retain employees by showing them appreciation, states Glassdoor. Businesses can show appreciation by thanking employees for work done well or offering gift cards and cash bonuses during holidays and year's end.