Hello You! I really appreciate that you have taken time out of your busy schedule to read my blog – Thank You.
Research has shown over and over again that high employee engagement is linked to better business results, ie $$$
Studies by Gallup Inc. – a global research-based, performance-management consultancy – has proven that engaged employees are:
more productive
more profitable
more customer-focused
safer
more likely to resist temptations to leave
According to Towers Watson - a global risk management and human resource consultancy – this in turn increases operating income and increases operating margins. In their research,
“companies with an engaged workforce had up to THREE times higher operating margins over a twelve month period than those with disengaged employees.”
What Exactly Is Employee Engagement?
“Employee engagement” is different to “employee satisfaction.”
Engagement is transformational – involving the hearts, hands, and minds of the employees working together. Satisfaction is a prerequisite to engagement.
There are five essential elements of employee engagement:
MEANING
there is personal reason, purpose, and fulfilment in an employee’s work that extends beyond simply putting in the time in exchange for the salary
AUTONOMY
employees are empowered to create and shape their roles and environment in ways that best match their talents and the needs of the business
GROWTH
employees have opportunities to be challenged and stretched within their roles – developing their strengths and learning new skills in order to reach professional goals
IMPACT
the results of employee efforts can be seen and are recognised as an accomplishment that aligns with the goals of the business
CONNECTION
employees feel a direct relationship with their colleagues, the organisation, and the company culture
What Motivates Employees?
67% praise from manager
63% attention from leaders
62% opportunities to lead
60% cash bonus
52% increase in pay
35% stock options
Appreciation and recognition are major drivers in employee job satisfaction and happiness.
78% of people would work harder in their jobs if they were recognised
65% of working Americans say they receive no praise or recognition at work
The Bottom Line
There is 46% more employee turnover in companies that lack recognition. Staff turnover on its own is costly. On the other hand, companies where recognition occurs have 14% better employee engagement, productivity, and customer service than those without.
60% of people who don’t feel appreciated are looking for jobs
80% of those who feel appreciated are staying put
“Awards, recognition, and praise might just be the single most cost-effective way to maintain a happy, productive workforce.”
Wall Street Journal
Get in touch to keep your staff engaged - especially at this time of the year.
083 256-0378 | This email address is being protected from spambots. You need JavaScript enabled to view it. | This email address is being protected from spambots. You need JavaScript enabled to view it.