5 Ways to Boost Employee Engagement That Won’t Cost You a Dime
According to seminal studies, over half of the American workforce is disengaged, costing organizations between $450 billion and $550 billion annually.
According to seminal studies, over half of the American workforce is disengaged, costing organizations between $450 billion and $550 billion annually.
A workplace that supports employee engagement is a healthy, positive one. Unfortunately, it seems such working environments are uncommon. Surveys indicate that approximately 87% of workers throughout the globe are not engaged with their jobs.
Open office layouts were introduced a few decades back as a means to increase employee productivity. When employees come out of their designated cubicles and work alongside colleagues in a collaborative environment, they are likely to be more productive—or so was the objective.
In today’s competitive market, understanding what your employees and potential candidates want from the workplace is extremely important. After all, you can’t expect to attract or retain individuals who don’t feel their needs are going to be met in your company.
There is no shortage of studies supporting a causal relationship between employee engagement and business performance. To cite just one recent Gallup study, higher engagement can be linked to better performance across multiple metrics such as sales, productivity, profitability and EPS growth.
Is your company performing as well as it could? Are you leaving money on the table? Most companies are. But the source of the problem isn’t financial capital—it’s human capital.
Disengaged employees are costly. A recent Deloitte report notes that organizations spend over $100 billion annually to improve employee engagement. Despite that, 87% of employees remain disengaged and cost U.S. companies $450 billion to $550 billion per year in lost productivity, according to Gallup.
How do you get employees to go the extra mile and perform at the peak of their capacity? Some say job satisfaction and happiness are key elements of exceptional employee commitment. I don’t disagree with that. But I would argue that employee satisfaction and happiness are not enough. After all, I could love my work, […]
In a previous post, we discussed that when companies value and actively cultivate high employee morale, they tend to outperform their competition by 20%. Today, we’ll offer several tips and strategies on how to improve employee morale and candidate experience in your organization by first getting to know your candidates and employees better.
We’ve talked a lot about the importance of employee satisfaction in recruitment and retention efforts. Turnover and hiring are expensive, and companies can’t afford to keep losing their staff over low levels of satisfaction. However, there is a strong argument in favor of promoting employee satisfaction on the flip side as well.