Entrepreneur's Delight
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5 Benefits of Employee Engagement
Employee engagement is an important concept in modern businesses. With most businesses becoming even more competitive, it is essential to find small gains that can help your business gain the edge. One of the ways to get ahead is to engage your employees in a way better than your business rivals.
Here, we describe the top four benefits that you gain when you use employee engagement strategies.
1. Productivity
Productivity is an important benefit of engaging your employees. Remember, you should especially engage the employees that are already at the peak of their performance. This means that they are willing to go over the hump and provide you something additional.
Productive employees then work that much harder. According to a survey, engaged employees can be as much more productive as 43%. This means that your whole organisation improves and works to deliver better performance.
A 2017 Gallup report shows, employee engagement helps you retain the talent that you currently have in your organisation. When you engage your senior employees, they believe that they have a stake in the organisation and are willing to give more efforts in the organisation.
This, in turn, reduces the turnover rate of employees in your organisation and also creates a winning environment in your working area. Happy employees also affect others and ensure that there is an air of positivity around your business.
Many businesses stagnate after some time. You need innovation to keep the business improving. Employee engagement is closely related to innovation. An engaged workforce is highly motivated and therefore, eager to find innovative ways to resolve the current issues at the workplace as well as in the business model.
Innovative businesses are the ones that are able to push the competition aside by creating winning products and services. Innovation also improves collaboration and allows your company to achieve higher objectives through better employee engagement.
Engaged employees are happy and therefore, always ready to work hard for you. This increases their productivity levels. You are also relieved of hiring your staff every few months with improved employee retention. All of these benefits result in the most important advantage of increasing your business profits.
Many organisations attempt to look towards their customers for increased profits, but fail to identify that their employees are perhaps the key to increasing the business profits. Engaging them is an effective way of achieving the monetary objectives that you have for your business.
On the other hand, low employee satisfaction is a serious problem, since it drains your organisational resources. Engaged employees remain well-connected to the company and often provide winning feedback on a number of business processes.
There are several employee recognition programs that you can employ to increase the current engagement level in your company. You need to be consistent and give confidence to your employees, regardless of the actual strategy that you use for engagement.
If you have ideas on Employee engagement or tips that can help better the employee engagement in companies comment here or tweet to us with this link at @iUeMagazine or simply post to us on our facebook page with this link.
Productive employees then work that much harder. According to a survey, engaged employees can be as much more productive as 43%. This means that your whole organisation improves and works to deliver better performance.
2. Improved Retention Rate
A 2017 Gallup report shows, employee engagement helps you retain the talent that you currently have in your organisation. When you engage your senior employees, they believe that they have a stake in the organisation and are willing to give more efforts in the organisation.
This, in turn, reduces the turnover rate of employees in your organisation and also creates a winning environment in your working area. Happy employees also affect others and ensure that there is an air of positivity around your business.
3. Innovation
Many businesses stagnate after some time. You need innovation to keep the business improving. Employee engagement is closely related to innovation. An engaged workforce is highly motivated and therefore, eager to find innovative ways to resolve the current issues at the workplace as well as in the business model.
Innovative businesses are the ones that are able to push the competition aside by creating winning products and services. Innovation also improves collaboration and allows your company to achieve higher objectives through better employee engagement.
4. Increased Profits
Engaged employees are happy and therefore, always ready to work hard for you. This increases their productivity levels. You are also relieved of hiring your staff every few months with improved employee retention. All of these benefits result in the most important advantage of increasing your business profits.
Many organisations attempt to look towards their customers for increased profits, but fail to identify that their employees are perhaps the key to increasing the business profits. Engaging them is an effective way of achieving the monetary objectives that you have for your business.
5. Employee Satisfaction
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Employee engagement necessarily produces employee satisfaction. As employees are happy in their current predicament, they understand their job descriptions and truly increase the overall productivity. This is essential, if a business is looking to expand and take on greater challenges.On the other hand, low employee satisfaction is a serious problem, since it drains your organisational resources. Engaged employees remain well-connected to the company and often provide winning feedback on a number of business processes.
Conclusion
There are several employee recognition programs that you can employ to increase the current engagement level in your company. You need to be consistent and give confidence to your employees, regardless of the actual strategy that you use for engagement.
If you have ideas on Employee engagement or tips that can help better the employee engagement in companies comment here or tweet to us with this link at @iUeMagazine or simply post to us on our facebook page with this link.
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Any facts, figures or references stated here are made by the author & don't reflect the endorsement of iU at all times unless otherwise drafted by official staff at iU. This article was first published here on 11th July 2017.
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