“Always treat your employees just as you want them to treat your best clients” by Stephen R. Covey
As a business owner, you may wonder why employee engagement is so critical especially because you think you have everything under control. You look at the sales, and they are not badly off, in fact, you made a 20 percent increase in prof it compared to the last month. Well, this article is for you. Employee
Employee engagement is getting the best out of your employees. It involves motivating them and having tools in place for them to achieve optimal results. Highly engaged employees report fewer incidences of quitting and being more committed to the work.
Employers need to ensure they have the necessary finances to help fund their business and sustain the workforce. However, for startups, it can be a challenge to even get any financing from banks, most especially if your credit score is poor. However, there are checking accounts for people with bad credit which means it’s also possible to get financial institutions that offer loans to people with a poor credit history.
Why is Employee Engagement so Important?
1. Increased Productivity
An engaged employee is at the top of their game. They learn to appreciate their work and the tasks allocated to them. Employees can be temperamental; if they feel unrecognized, they end up not doing what they are supposed to do. High employee engagement increases productivity.
2. Less Absenteeism or Sickness
As a business owner, has there ever been a time you got a call or email from your employee ‘claiming’ they were sick? And you suspected that it could have been false? Well, sometimes when an employee is highly demotivated, they will look for ways not to show up at the workplace.
A company with a high employee engagement will have fewer cases of absenteeism or sickness.
3. Increases Profitability
If a company has a high employee engagement, it means profits are high. It also portrays that the employees are doing what they are supposed to do. Employees have the morale to take on tasks and accomplish them within the stipulated time.
4. More Innovation
When it comes to millennials working in the company, just like any other person, they love a place that has room for innovation. Considering how tech-savvy they are, they want a company that is reviewing its management and software systems periodically.
In this case, employees end up becoming even more innovative and discovering better ways of doing things for the benefit of the company.
5. Recruiting the Best
With information available online, before people look for jobs in their target companies, they research on the company’s work system. A little research can tell if the company is a great fit or not. If your company has come up with ways to engage your employees, you will always attract the best fit for any positions you advertise.
During recruitment, as a company that has room for employee engagement, you get people who will not leave the firm after just two months; they’ll be there to stay for years and years.
As an employer, you need to remember that employees have feelings too. Take steps toward improving their engagement. How do you do that?
Ways of Increasing Employee Engagement
1. Rewarding Achievements
As the company grows, employers get obsessed with profit realization until they forget that employees are the ones who actualize them. To retain your best employees, once you assign tasks to them and they complete them, appreciate them. A simple personalized thank you note could go a long way in putting a smile on their faces.
Once you close in that client you have wanted, through their help, you can give them a bonus to keep motivating them.
Reward their ideas by letting them take the lead on the project of actualizing them, leading to sales conversion.
Most often, employees leave because they are not happy and don’t feel appreciated in their workplace. Make an effort to do that, and you’ll retain them for a very long time.
2. Providing Growth Opportunities
The issue with employers is that they don’t want to recognize employees who are doing a great job. Your company should provide growth opportunities to the employees. Consider promoting them when they show tremendous personal growth and when they increase the company’s growth rate. Let the company be an avenue for growth.
There are pieces of training offered by organizations tailored for each company to help their employees be the best at what they do. Schedule an annual or bi-annual program where the employees go through training on how to be the best at what they do.
3. Address Them by Name
This sounds minor, but I assure you it is not. If your firm is small sized or medium sized, it is possible to know your employees’ names. Address them by their name. Once they are aware that you even know their names, it helps in breaking the ice. They also get to understand that you value them since you have taken the time to learn their names.
Every organization has different ways of making sure their employees stick around. The above pointers should help you streamline any loopholes you may have which could cause your business stagnate.