5 Benefits of Employee Engagement in Every Department
Is every department in your company reaping the benefits of employee engagement? Here are 5 proven benefits to help you improve company-wide engagement.
We all love our employees. After all, a business is only as strong as the employees it’s built on. But if your workers don’t feel valued, it’s going to have a terrible effect on morale. Your employees become unproductive. They take more time off. And eventually, they quit. High turnover rates and unmotivated employees are poison to a company. But if your workforce has been trending that way, it can be hard to reverse it. One of the best ways to create a culture where workers feel valued is to increase employee engagement
While some companies put little value on engaging their employees, that creates a number of problems that can be avoided. In this article, we’ll look at five of the most attractive benefits of employee engagement.
1. Higher Employee Retention
Worker turnover isn’t just annoying.
Finding and training replacements for departed employees can cost you as much as nine months of the former employee’s salary. The best way to avoid that expense is to keep those employees from leaving in the first place. And the best way to do that is to keep your employees engaged.
2. More satisfied workers
Engaged employees feel more ownership in their position. And when your workers take ownership
of their work, they are more satisfied. Employee engagement makes your staff feel like they are a part of the leadership, rather than just lackeys. This creates a job satisfaction that can’t be beat.
3. More productive employees
A funny thing happens when your employees are satisfied with their work.
They work harder
A study by economists at the University of Warwick found that employees who are happy with their jobs are 12% more productive than those who are neutral. Unhappy employees are 10% less productive. The study found that the biggest factor in employee happiness is how much their companies invest in that happiness. If your company ignores employee wellbeing, it’s going to come across in your worker’s productivity. Focusing on employee engagement is a surefire way to create happier employees. And a happy worker is a good worker.
4. Increased employee loyalty
Employee loyalty is the white whale
of today’s workplace. Many of the Millennials entering the workforce have bounced between companies that do not value them. As a result, they have learned to keep their loyalty tempered. Disloyal employees wreak havoc on turnover rates, which, again, are expensive. However, when employees feel valued by their companies, they are far less likely to keep an eye on the exit.
5. Higher profits
And there are even financial benefits of employee engagement. When your employees are more productive, more satisfied, and more loyal, it’s going to boost profits. Increased productivity translates into increased revenue. And then there’s all the money that you don’t have to spend on finding and training their replacements. Some companies balk at the front end expense of employee engagement. But when you consider the increases in cash flow and savings in HR, ignoring employee engagement is far more costly.
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