Greetings Fellow Followers!
Did you know that the number one way for leaders to build trust is to care for your employees? Your involvement and ability to engage yourself and peers is relevant to your development and important to the growth of your company.
What is employee engagement?
Some define 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! Employee engagement and retention are crucial components to maintaining a happy, positive and productive workforce. 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.
Why so important?
Its simple- happier employees and higher profits. It’s a WIN-WIN!
Still need convincing? Below are business case facts on employee engagement.
- 35% of US workers said they’d willingly forgo a substantial pay raise to see their direct supervisor fired. (The Employee Engagement Group, 2015)
- Highly engaged employees have less absence days- in average 3.5 days- compared to not engaged employees (Gallup Germany, 2011)
- 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)
Stay tuned for next weeks blog….”Ways you’re accidently demotivating your team”