Improving Employee Engagement with Technology
A company's most valuable asset is their top performing employees. Employee engagement and keeping those employees happy are the easiest way to retain those top performers. Most companies focus on finding and hiring the best talent, but the goal shouldn't stop there. Employee engagement, keeping employees motivated and invested in the company culture, and the strategy behind it all is equally important. Management must do more than just the "given" benefits, such as compensations, vacation, and paid lunches.
Employee Recognition= Lower Salaries: Part 1
According to recent studies in the U.K., employees would rather be recognized for their professional accomplishments and have a solid benefits package then get paid a higher wage. Is it possible that our neighbors across the pond are on to something we can apply here? We can all agree that it feels great to get recognized by your boss for a job well done, almost more than getting that paycheck we all expect twice a month, however, could it be true that we might all pass up a raise for some good old fashion employee recognition. These numbers seem to indicate that if Americans are anything like Brits, we would:
Best Practices to Boost Employee Engagement
When it comes to employee engagement the best companies strive to not only lead but also inspire their employees. They create a vision for their company that allows them to grow by valuing their employees and giving them a voice within the company. Here are some best practices that company leaders can use to help engage their employees:
The ROI of Employee Retention
Employee retention is a hot topic in a job market where there’s no such thing as a “company man” anymore, and changing positions every 2 years has become the norm. For employers, employee retention should be a top priority for any HR staff because frankly, new employees are expensive. Between onboarding, training, manager’s time lost, break in team rhythm and potential costs of signing bonuses, relocation or travel and new employee socialization taking on new employees are expensive. Check out the infographic below for a full breakdown of why making employee retention a priority can help keep your organization in the black for the back half of the year. Employee rewards programs can often fall victim to budget cuts, or not get approved at all due to lack of executive buy-in. However, make smaller investments in employee rewards like gift cards or extra time off can actually provide ROI, not only in the saved cost of employee retention but also in increased productivity and further employee motivation across your entire workforce. Positioning employee rewards programs as promoting employee retention, and even the “lesser of two evils” can help any executive see the benefits of employee retention vs. employee on-boarding. Thanks to
SHRM.org for this great infographic on the ROI of Employee Retention
Can Employee Engagement Breed Leadership?
A study released by Performance Improvement Council suggests that implementing an employee engagement program can breed a culture of leadership within your organization.
