Employee Engagement
“The tougher the job, the greater the reward.”
– George Allen, Sr. (1918 – 1990)
Engaged employees are the key to a successful business. They are enthusiastic, positive, and an asset to their workplace. Their constructive outlook is contagious, leading to improved team morale. This inherent passion generates an emotional attachment to their organization’s success, increasing their willingness to advance corporate goals and move the company forward.
Benefits of Employee Engagement
- Organizations with a high level of engagement report 22% higher productivity according to a recent Gallup report.
- An engaged employee is a retained employee. Recruiting and training a new employee can cost upwards of 60+% of an annual salary (source SHRM Foundation). A well-executed engagement strategy results in significant savings by reducing voluntary turnover.
- Companies with high employee engagement experience lower absenteeism, less shrinkage, fewer safety incidents, higher customer service results, and higher profitability, according to a recent Gallup report.
- Talent scarcity is looming with upcoming changes in demographics (source SHRM Foundation). Attracting and retaining skilled workers is increasingly competitive. Implementing an effective engagement strategy that includes incentives that might be hard to find elsewhere will poise organizations for success in the future.
Learn more about employee recognition.