A culture of engagement can improve business productivity and employee retention. How employees feel about their work is significant driver of organizational success. Engaged workers are more productive, stay with employers longer, and tend to refer friends and colleagues, thereby boosting your hiring efforts. Disengaged workers, on the other hand, are more likely to leave for other opportunities, or worse, drag down the productivity of your team. Gallup estimates that between $450 and $550 billion in productivity is lost each year thanks to disengaged employees.
With today’s increased competition for top-notch talent, and the huge costs to retrain new staff, engagement becomes more important than ever. See our top tips to culture greater engagement!
Measuring current levels of engagement can help identify what’s working and where you can improve. Whatever the format of your survey, establishing critical metrics for gauging current levels of engagement is vital and will help you identify strengths and opportunities.
Polling employees on what motivates them can help you map out an engagement strategy that fits their incentives. Whether its more compensation, vacation days or possibly continuing education, figure out what makes your employees tick!
Executives who understand the connection between business success and engagement know to set an example for the company. If employees see leaders aren’t engaged, it will trickle down and affect nearly every department.
No matter your strategy for better employee retention and engagement in 2020, engagement can’t be forced.