Whether you are looking for a job, working an entry level position, managing, or the CEO-your involvement and ability to engage yourself and peers is relevant to your promotion and important to the growth of your company.
What is employee engagement?
Some researchers defined it as a positive attitude, while others defined it as how employees connect with customers and others as employee confidence, integrity, pride and passion or a heightened emotional connection that an employee feels for his or her organization, that influences him or her to exert greater discretionary effort to his or her work.
Is engaging employees important to companies?
Yes! It’s simple: higher profits and happier employees. It’s a WIN-WIN
The American Society for Training and Development completed a study on employee engagement that has shown companies loose $350 billion a year because of employee’s not being engaged. Also according to the Harvard Business Review, the percentage of employees who said they took pride in their work rose from 71% in 2008 to 79% in 2009; the percentage who said they would recommend their employers to other workers rose from 53% to 58%. Employee engagement and retention are crucial components to maintaining a happy, positive and productive workforce.
Still need convincing? Below are business case facts on employee engagement.
- Businesses with more engaged employees have 51% higher productivity (Harter, J.K,Schmidt, F.L., & Hayes T.L., Psychology, 2002 Vol 87, No.2)
- Businesses with higher engagement have 9% higher shareholder returns (Towers Watson, 2009)
- Organizations with engaged employees showed a 19% increase in operating income over a 12 month period, compared to a 33% decrease in companies with disengaged employees (Towers Perrin, 2008)
- 80% of employees with a high degree of trust in management are committed to the organization, compared with 25% of employees with a low degree of trust ( Center for Creative Leadership, 2009)
- Highly engaged employees have less absence days- in average 3.5 days- compared to not engaged employees (Gallup Germany, 2011)
Engagement is for everyone
So again-Whether you are looking for a job, working an entry level position, managing, or the CEO-your involvement and ability to engage yourself and peers is relevant to your promotion and important to the growth of your company.
Stay tuned for next weeks- Ways to effectively engage your employees and peers”