How Employee Engagement increase Productivity of the Organization
Posted on: January 15 2019, By : Shreya Laisetti
As organizations continue their climb out of post-recession lows, many are focused on how to generate more revenue while reducing expenses. Companies may create new products or services, market to different or additional demographics, or expand into the realm of mergers and acquisitions to achieve these tall-order tasks. However, one of the most powerful ways to effectively improve profitability over time is to shift focus toward the high-value resource of personnel. In order to reduce the overhead cost of the organization, best human resource consultant in India comes into the picture and help the organization to recruit candidate as per the organization’s requirement.
An efficient, motivated, and skilled workforce is a catalyst for positive change in any organization, but finding methods to create or sustain a successful group of employees is not always a simple task. Recent studies suggest that increasing the level of employee engagement is at the helm of this challenge. Implementing performance management systems can result in higher engagement across individuals and teams, but not without first recognizing why engagement matters and what ultimately drives its growth.
Engagement is depicted in HR writing as: the enthusiasm that representatives feel with respect to their work. Engagement is how much representatives are energetic about their work and give themselves to their work. Engaged employees go the additional mile to add to the achievement of your association. So, Engagement implies that representatives work and communicate in a physical, subjective and enthusiastic way. Engagement is an important HR variable for the dominant part of associations. It empowers your association to convey a better performance and to gain a competitive advantage. Engaged employees make additional effort, learn more, and faster, and are more creative. Besides, Engagement is a decent indicator of consumer loyalty, staff maintenance, efficiency and profitability. Engaged representatives focus on the objectives of your association and on the outcomes that you as an association anticipate from them. They have the inclination that they truly can add to the achievement of your association and that every one of their capacities are being used. Also there are many HR Management courses available who professes to give HR education best Education Consultant in various aspects like hiring and firing, staff retention, recruiting, selecting, onboarding, training, promoting, and paying employees.
Most importantly, employers can have a great impact on people’s level of engagement through appreciation, healthy interactions, brainstorming, group discussions, common games etc. That is what makes employee engagement as essential as a tool for business success. Employee Engagement and Retention are duties of HR. It totally depends on HR team and how well they perform their duties. The HR Training is important for an HR to get Practical exposure to many aspects of human resources. The employee engagement also depends on proper recruitment of employees in the organization. You can take help of top job placement agencies in India.
In order to reduce the overhead cost of the organization, top consulting firm come into the picture and help the organization to recruit candidate as per the organization’s requirement. The skills of a human resource manager acquired through practical HR training helps in many situations occurred in their job.
Put simply, employee engagement involves building a workplace environment where all parties, from employees to managers, are allowed and encouraged to produce their best work each day. Having a high degree of employee engagement gives companies more opportunities to grow and thrive over time, but research cites greater levels of disengagement in recent years. According to Gallup, only 15% of employees across the globe are fully engaged in their job, leaving an estimated 85% either actively or subconsciously disengaged each day. Not surprisingly, only 12% of organizations are satisfied with the level of employee engagement they currently experience.
Dismal levels of engagement throughout a workforce are alarming on the surface, but as companies start to dig into the impact of an engaged group, the numbers tell an even more compelling story. Companies that have higher employee engagement experience 16% greater profitability, as well as 37% lower absenteeism. This can translate into 2.5 times higher revenue and an 18% increase in productivity. Organizations with higher levels of employee engagement also report 65% reductions in turnover. These numbers speak truth into the power of employee engagement, and the need for solutions to improve motivation and connection among workers.
STRATEGIES TO INCREASE EMPLOYEE ENGAGEMENT
• Communicate regularly: Every member of your team will have valuable insights, feedback and suggestions. Many will have concerns and frustrations too. Failure to effectively listen and respond to everyone will lower their engagement and negatively affect the company culture. It will also bridge gaps between senior management and the rest of the team.
• Recognize achievements: The engagement level of employees who receive recognition is almost three times higher than the engagement level of those who do not. If your people feel undervalued or unappreciated then their performance and profitability will decrease. Make efforts to celebrate good work and recognize everyone’s input. Take the time to personally congratulate people and honor their achievements and hard work.
• Provide opportunities for growth: Career development is key for employee engagement. If your people feel like their careers are stagnating, or their hard work and emotional investment aren’t being reciprocated — then you can be certain that engagement will drop. By meeting with your people regularly, discussing agreed targets and time frames, and clearly highlighting how they fit into the organizations wider plans, you can build a road map for their future.
• Improve company culture: Customers will never love a company until the employees love it first. Building a culture that reflects your brand and creates a fun and productive working environment is one of the most effective ways to keep your employees engaged. It’ll also boost retention and help recruitment efforts. If your culture motivates everyone to work hard, help each other, become brand ambassadors, and even keep the place clean then you have won the battle. You can improve the company culture within your organization. Empower your people, Manage and communicate expectations, be consistent.
THE BENEFITS OF AN ENGAGED WORKFORCE
• Increase in profitability: Companies that focus on employee engagement will have an emotionally invested and committed workforce. This tends to result in higher profitability rates and shareholder returns. By focusing on engagement and investing in your people’s future, you will create a workforce that will generate more income for your business.
• Improved retention and recruitment rates: Retaining good employees is vital for organizational success. Engaged employees are much less likely to leave, as they will be committed to their work and invested in the success of the company. This will significantly reduce costs around absences, manpower recruitment, training and time lost for interviews and onboarding.
• Boost in workplace happiness: Engaged employees are happy employees, and happy employees are productive employees. A clear focus on workplace happiness, will help you to unlock everyone’s true potential. On top of this, an engaged and happy workforce can also become loyal advocates for your company.
• Higher levels of productivity: Often your most engaged people will be the most dedicated and productive, which will give your bottom line a positive boost. Employees who are engaged with their role and align with the culture are more productive as they are looking beyond personal benefits.
• More innovation: Employee engagement plays a central role in translating additional job resources into innovative work behavior. Employee engagement and innovation are closely linked. Disengaged employees will not have the desire to work innovatively and think of new ways to improve your business; whereas an engaged workforce will perform at a higher level, due to increased levels of satisfaction and interest in their role. This often breeds creativity and innovation.
Engagement is an essential Human Resource Management variable for the dominant part of organization. It empowers your organization to convey a better execution and then gain an upper hand. By focusing on employee engagement and investing in your people, they will repay your efforts with an increase in performance, productivity and ultimately profit.