Employee engagement isn’t just a passing fad or a nice to do if you can type of initiative. The truth is employee engagement is one of the major contributors to business success. Really? I hear you say. Can it possibly make that much difference? And the simple answer is yes. Employee engagement will impact on your business’s productivity, profitability and customer satisfaction. So, if you’ve been slow to get on board with employee engagement, then it’s time to give it the priority it deserves. Here are seven reasons why a formal program of employee engagement matters and is an absolute must for every company.
1. Increased Profitability
Employees that are invested in their jobs and employers will outperform their disengaged counterparts. Fact. There’s plenty of research out there that confirms this including a study from Gallup which showed highly engaged teams are 21 percent more profitable. Another Gallup study discovered that businesses with engaged workers have higher earnings per share than those companies with low engagement rates.
Businesses that score highly on employee engagement tend to set clear expectations for their workers and also make sure staff have the tools and resources needed to get the job done. Their employees feel an emotional connection to the organization and are more willing to work hard for collective success.
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