Employee engagement can have a tremendous impact on your business. Gallup found companies with highly engaged employees have 40 percent less turnover, 10 percent higher customer ratings and 20 percent more sales than those that don’t. Here are three specific ways you can increase employee engagement to improve your company’s bottom line.
1) Know Their Goals and Help Them Get There
Continual progress and development are key parts of keeping your workforce engaged. It’s critical that employees are able to set goals and are provided with the tools and assistance needed to reach them. Say someone enters your business in an entry-level light industrial position. Their knowledge and skills are limited, but they have a strong desire to develop and take initiative right from the start.
You could reward them by gradually giving them more and more responsibilities over time. They may learn how to use new technology, how to operate complex machinery and so on. This is a win-win because you’re helping an employee grow, develop and be more engaged, and you’re also setting the stage for internal development.
2) Increase Mentorship
The concept of workplace mentorships where senior employees help, train and educate junior employees is nothing new. But it’s a practice that’s still used by some of today’s top companies. And it’s especially popular for boosting engagement among younger workers.
Forbes reports, “Millennials planning to stay with their employer for more than five years are twice as likely to have a mentor (68 percent) than not (32 percent). So it’s smart to create a framework where existing employees are paired with new ones to serve in a mentorship role.
3) Show Appreciation
The number one reason most employees quit is that they don’t feel appreciated. But 90 percent say being recognized boosts engagement. This demonstrates just how big an impact showing appreciation can have. It’s important to get in the habit of celebrating employee milestones, both big and small, and creating a positive working atmosphere.
And this doesn’t have to be anything over the top. While creating a formal employee recognition program certainly has its benefits, just taking the time to appreciate staff victories can be huge.
Maximizing employee engagement is a top priority for modern companies. Focusing on these three strategies should help you streamline the process and increase engagement levels significantly.
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