We hear more and more about how to engage employees and the great benefits this has for our organization.
Today we are going to share some tips for keeping your workforce engaged and how you can measure it.
What is employee engagement?
Employee engagement is the emotional responsibility that an employee has towards an organization. Many people commonly confuse this engagement with employee happiness or employee satisfaction, and although they are close, it is not necessarily the correct definition.
The definition is much more complex than that and requires a more comprehensive view of an employee's work life and the work engagement they have.
Engagement comes from how well an lebanon phone number employee's personal goals and values align with the goals and values of an organization.
When an employee is engaged, they are not there for the money, but because they care. They genuinely want to see the company succeed and are willing to put in the effort without being asked.
Discover the features of employee engagement software.
Why do companies need employee engagement?
There is no better reason to improve employee engagement than the fact that it will make your company more successful.
The return on investment (ROI) of having your employees engaged can save your company hundreds of thousands, if not millions of dollars a year.
Big data- based metrics will allow companies to find those weak points and turn them into strengths, using the information collected to remind companies what they are good at and allowing them to improve even further.
Companies that take the time to evaluate their employees in a way that puts the employee first are the companies that need to be on the list of best places to work.
When employees come first, success follows. Giving them a voice, while providing them with the autonomy they need to be innovative, is an effective way to help you create importance for your department.
Advantages of measuring employee engagement
The benefits of measuring employee engagement are hard to ignore. Engaged employees are more productive, as they understand the “why” behind their company and find satisfaction in what they do. This also leads to greater innovation and productivity and, just as importantly, employees become ambassadors for your company.
When an employee becomes an ambassador, they tend to stand out and recruit other motivated employees who will fit well into the company culture.
Engaged employees lead to a more successful business. In the book Make More Money by Making your Employees Happy , studies prove that employee engagement with your company leads to higher profits. Here is an excerpt from the book:
A study by the Jackson Organization shows that companies that effectively value their employees receive more than three times the return on equity of companies that don't. Fortune magazine's "100 Best Companies to Work For" saw stock prices rise 14 percent per year from 1998-2005, compared with 6 percent for the broader market.
Employee Engagement Statistics
One benefit of having engaged employees is that they will be more likely to provide good service to customers. This is what is known as the service-profit chain.
The service-profit chain is the link between service and profit. Profit comes from customer loyalty while customer loyalty comes from customer satisfaction.