Research shows that employee engagement is directly linked to company performance.
Per a 2012 Gallup study, higher levels of employee engagement increase company productivity by 21% and profit by 22%.
This data holds for almost every industry and region across the globe. Companies are working harder than ever to engage their employees in order to increase their returns. A big part of engagement comes down to team management.
One important step is to provide consistent feedback to your employees. Manage your team with a
steady rhythm to keep commitment and interest levels high. The highest performing employees are invested in their work and driven to succeed. Keeping the communication channels open gives your employees a better grasp on how to align individual and organizational goals and allows them to see how they’re doing in real-time.
Another big step to improving engagement is to set clear goals and define key priorities. With specific goals in mind, your employees will have a better idea of how they fit into the organization and why their work matters. A University of Alberta study found that when employees focus on the purpose and meaningfulness of their jobs, absenteeism drops 60% while turnover is reduced by a whopping 75%. Team members want to know that the contributions they are making add value to the company. Goal-oriented communication and a clear definition of key business objectives shows your team members how their input is fueling the company’s overall growth.
For more information, check out our blog post on how to delegate your workload and communicate better with your employees.
Disengaged workers are less likely to put in 100%, and this can cause your revenue stream to fall. For consistent growth, you need employees who are energized to do the work and execute.
Scaling Up author Verne Harnish suggests that another important tool to increase engagement is to factor employee input into company-wide decision-making processes.
“Offering employees a say in the decisions that affect them is one of the best tools for engaging their hearts, minds and souls so they are motivated to give their all—and to make better choices as a company.”
While traditional engagement incentives such as pay raises and employee recognition programs can increase engagement, findings suggest that sustainable engagement practices--such as building a company culture founded on open communication—are the key to lasting success.
Boost employee engagement now to keep morale high and ensure consistent revenue streams. Ready to start the process? Begin our FREE 45 day trial of Align business management software to get the tools to streamline your employee management.
For more information on how to align your team today to execute strategically, download our checklist on executing the Rockefeller Habits proven business methodologies.