We’ve all heard the notion that employees are the biggest asset of a company. Once employees get hired, they go through a period of settling in, which is when they work to acclimate to the workplace culture. After a time, they begin to feel comfortable, and then it’s your job as the business leader to keep them engaged. If employees lose their engagement and their performance suffers, your customers are the first ones to feel the impact.
Create a Self-Esteem Boosting Culture
Maintaining employee engagement is key to the long-term success of any organization. Engaged employees will derive self-esteem from their membership in a workplace culture if they feel they make a difference. Happier employees will be more inclined to offer ideas for cost savings and greater workflow efficiency. Ultimately, your staff will look forward to coming to work when they feel their work is rewarding.
Here are 4 traits that engaged employees share and exhibit:
Give Employees Differentiated Rewards
A proven way to increase employee engagement is to create a differentiated plan for rewarding their performance and contribution of new ideas. This might include a combination of choice work assignments, monetary rewards, non-tangible rewards such as an extra day off and company-wide awards.
Create Opportunities for Advancement
Within some organizations, there are flexible job roles. People don’t get hung up on titles. Within other organizations, there is a clear path for advancement to higher-paying jobs and positions with more responsibility. In both kinds of organizations, employees need something to strive for, and so you can try to design additional opportunities for advancement. If you cannot create additional positions, you can arrange other opportunities, such as giving cross-trained employees a higher salary because they can work in whichever part of the company they are needed most.
Engaged Attracts Engaged
Get more ideas on keeping your business profitable by increasing employee engagement. In a workplace where more employees are engaged in what they are doing, new employees feel excited to join the team. They want to reach the same level of engagement as their peers who have been in the organization longer.
Why Having Engaged Employees Matters
- $11 billion is lost annually due to employee turnover
- Companies with engaged employees outperform those that don’t by up to 202%
- 54% of employees who were proud of their company’s contributions to society are engaged
Download Our Free eBooks to Learn More
We have more great ideas to share on engaging your staff. Call ActionCOACH Tampa Bay to learn how we can assist you with a variety of planning and management issues, from cultivating relationships with colleagues to ensuring your business soars to its highest potential. In the meantime, download our free eBooks to take steps towards success today.