Are you engaging your Employees?: Blog

Are you engaging your Employees?

There have been a number of studies produced recently that discuss the pending exodus of current employees. Surprisingly many of those polled don’t cite salary as the number one reason for considering a move, they cite lack of engagement.

It’s not enough to simply compensate employees well. They need to feel engaged in their work and in their organization. They need to feel that their voice is heard and that it counts. Lack of engagement directly impacts productivity and ultimately effects job satisfaction, in turn this negatively impacts profitability. A recent Gallup study concludes that Businesses in the top quartile on engagement have 18% higher productivity, 16% higher profitability and 49% fewer safety incidents compared with those in the bottom quartile.

Replacing one employee can cost anywhere from 120-160% or more of their annual salary. Many organizations have already reduced staff to minimal levels in order to make it through the economic downturn. The loss of several key employees can more than offset any gains made by those cutbacks.

If you want to really want to come out of the recession on top, start engaging your employees. Talk with them. Make them aware of the goals and objectives of their business unit. Listen to their ideas and get them involved.