Employee engagement is one of the biggest problems in corporate America. Let’s face it, when your staff is not motivated nothing gets done. The cost of not accomplishing company objectives often leads to the demise of an organization.
The trend today is to output more productivity with less human resources. Everyone seems to be too busy and too stressed. Either employees or coming in earlier or staying later and many are doing both. This often leads to disengagement. The excitement and the passion of the new job quickly erode.
Among all the busyness, employees are losing focus and not knowing what the priorities are, as a result, many employees feel like they’re spinning your wheels. A recent study, revealed the five top reasons why EMPLOYEE ENGAGEMENT IS MORE IMPORTANT THAN NEVER.
SINCERITY AND TRUST
Out of 75 possible drivers of engagement the one that was rated as the most important was the extent to which employees believed that their Senior Management had a sincere interest in their well-being.
LOW ATTRITION RATE
Retaining good employees is the key to success of every organization. An engaged employee is more loyal to the company as he is more inclined towards the success of the organization.
HIGH JOB PERFORMANCE/ PRODUCTIVITY
A set of positive attitudes and behaviours enabling high job performance of a kind, which are in tune with the organization’s mission. Engaged employees are often top performers, those committed to ‘going the extra mile’ to achieve business success. As an employee becomes more engaged their absenteeism lowers and their motivation increases leading to increased productivity. According to research performed by the HayGroup ‘the offices with engaged employees were as much as 43% more productive’.
There is a close relationship between innovation and employee engagement. Engaged employees perform at a higher level and bring passion and interest to their job, which often leads to innovation in the workplace. As highly engaged employees feel they have a real stake in the organization, they strive to efficiently create new products, services and processes. Collaboration in the workplace amongst engaged employees and top management also leads to overall organizational growth.
Companies with more engaged employees tend to have higher profitability rates. When employees are engaged they become more productive and efficient, positively affecting the company’s bottom line. A study by Wyatt Watson found that companies that have highly engaged employees produce 26% higher revenue per employee. The equation makes perfect sense. The more engaged your employees are the more efficient and productive they become, lowering operating costs and increasing the profit margin.
Engaged Employees lead to…
• Higher service, quality, and productivity, which leads to…
higher customer satisfaction, which leads to…
• Increased sales (repeat business and referrals), which leads to…
higher levels of profit, which leads to… higher shareholder returns (i.e., stock price)
As former Campbell’s Soup CEO, Doug Conant, once said, “To win in the marketplace you must first win in the workplace.”
MyMedia has the tools and technology to help organizations bridge the gap between confusion in. We do this by providing Directional Digital Display information within each department. When relevant information is streaming within reach it empowers employees to take action and get back on track. This is what our digital signage solutions do for your workplace.