Do you Know a highly Engaged Workforce Increases Profitability by 21%?
Happier employees are highly productive, and happiness comes only if they are engaged.
Creating an employee experience is the new normal. HR departments work on great innovative strategies that help them to increase employee engagement.
eNPS is administered to measure employee engagement and the HR department thrives on increasing the score every day.
With the right tools and initiatives, it can be implemented successfully across organizations. In this article, let us understand a few initiatives and tips to select the right software for employee engagement.
Employee engagement is an important parameter to all organizations. Recently with the pandemic and the great resignations happening, there is a necessity to understand why it is important and how it contributes to organizational growth. Creating engagement is everyone’s responsibility along with the managers and the team members.
What is employee engagement?
This is a question that many ask because engagement is not the same for all employees. The level and experience of employee engagement vary from person to person.
The journey starts from the day an employee joins the organization and throughout the tenure, one serves an organization.
Employee engagement can be seen and measured in the enthusiasm and the dedication a person has towards their job responsibilities. Employee engagement also increases productivity and retention
Why is employee engagement important?
The HR department must own the engagement as they as the charge of the strategies that are put in place to increase employee engagement.
Though the strategies are defined by the HR department the execution takes place as a team. Engagement does not happen unless there is positive work culture, or a manager is aligned toward increasing employee engagement.
Engaging an employee is also interlinked with the organization’s culture, hence the importance of the HR department is high in employee engagement.
Employee engagement statistics
There are plenty of data that supports the need for focusing on employee engagement is important to increase productivity. Every individual desires to be engaged in what they are doing and given that, it becomes the responsibility of HR to work alongside them.
Poorly engaged employees cost highly. According to a Gallup survey engaged employees are 17% more productive than the others and decreased absenteeism by 41%. The study also found that they are 21% more productive when engaged.
Employee engagement initiatives
Employee engagement strategies are widely used by various successful organizations. But it is not one size fits all. Employee engagement initiatives are to be completed with an understanding of the culture and what they stand for.
Having understood that we can tailor the initiates for various teams and geographies. Implementation of initiatives is one aspect of it but measuring the outcomes is highly crucial. We cannot run an unsuccessful initiative.
There should be metrics in place to measure employee engagement. Understanding a few initiatives will help us to design one for our organization.
Incentive theory is one typical proof of how rewards and incentives work. When a typical behavior is rewarded continuously then it motivates an individual to repeat it. We must design the right kind of incentives or rewards to ensure that the employee is getting accustomed to a behavior.
Feedback and conversations
Surprisingly an amazingly simple yet powerful method to increase employee engagement. Continuous feedback ensures that the employee is well informed of what is to be expected. Keeping the conversations open also increases employee engagement. Continuous feedback ensures that the employee is well informed of what is to be expected. Keeping the conversations open also decreases ambiguity as well as increases engagement. Having multi-directional feedback helps teams to understand the expectations and share the challenges faced.
Wellness is an important parameter that shows the organization’s commitment toward its employees. There are various aspects to wellness, it covers both physical and mental wellness. Working in a highly competitive environment calls for mental wellness interventions. We can tailor a wellness program based on the role the employee plays which becomes more specific and suitable for them.
Every individual wants to be accountable and own what they are doing. Increasingly people are using OKRs (Objectives and Key Results) for increasing their accountability as the framework is autonomous.
While there is increased accountability there comes engagement and individuals are willing to commit to what they aim at.
Employee engagement software
Software for employee engagement is something organizations want to invest in. But software only for the engagement will become a siloed solution and may not solve the purpose of employee engagement.
While evaluating such software it is important to look at a solution that integrates employee engagement and performance outcomes.
Conversations in one place – having all the human interaction in place, be it product, project, or performance, gives a clear idea of what is expected. Ambiguities are eliminated and give a holistic view. Reduces the conversation overlap and avoids surprises in the reviews
Performance and Engagement – Engagement and performance are the two sides of a coin and compliments each other. Only an engaged employee can bring in high productivity and likes to stay longer in the organization.
While evaluating software, it would solve the problem by selecting a platform that integrates performance and employees as well as helps the feedback and conversations in one place.
Improving employee engagement is the need of the hour as the industry is facing high attrition and retaining employees has become a challenge. It is proven that the engaged employees travel an extra mail than the others so there should be right initiates at practices to address that. Employee burnout should be minimised as an outcome of these initiatives.
Hopefully, this article would have given you a guide in creating initiatives and software selection
Datalligence OKR (Objectives and Key Results) platform integrates performance and engagement in one place. It provides a platform to have the conversations always tracked. Our experts can help you in creating a solution that helps you measure productivity and engagement in one place.