Boosting employee engagement is one of the most effective ways to increase a company’s bottom line. A company that invests in employee engagement programs has enough manpower to adequately take care of its clients. It also has high retention rates. Many employers know they need employee engagement programs, but they’re not sure where to start. The following three employee engagement ideas count as excellent programs to start with.
Honest, Transparent Communication
Without honest communication a regular basis employees don’t know where they stand with their boss. Employees in these situations are, therefore, surprised when they are suddenly fired or disgruntled when they’re doing well, and everyone knows about it but them.
Having a program in place that allows employees to receive feedback on a regular basis shows them that someone cares about them enough to notice their work. Although many businesses offer yearly reviews, this practice has some drawbacks. For one thing, if an employee is doing poorly, he/she often doesn’t know about it until it’s too late. For another thing, rising stars often hear about opportunities when it’s too late to do anything about them. A quarterly review system prevents these and other issues from getting out of control.
Many people choose their workplaces in part because they know they can receive health benefits. However, while having health insurance counts as a definite plus in terms of employee engagement, there is so much more that an employer can offer to sweeten the pot, so to speak.
Wellness initiatives improve employee loyalty, reflecting the point that an employee is more likely to be invested in an employer who shows they are invested in their employees. In light of this, savvy company leaders not only include health benefits in their wellness programs, but also offer employees access to things, like yoga classes, wellness retreats, guest lecturers in the health field, and more.
Improve the Workspaces
A nice workspace does more than just provide your employees with a comfortable place to work; it also allows them to see the company in a different light.
Having an adequate workspace ensures that each employee has a space to work in will allow him/her to work at peak capacity. Good workspace use also supports other important employee engagement programs, like employee wellness or lunch programs. Nice workspaces send employees the message that they are worth the expense of having them there, which will often amp up the employees’ work output and increase their feelings of goodwill toward their company.
The cost of losing an employee can run into the thousands, sometimes costing employers upwards of $40,000 or more to replace that employee when all is said and done. Employee engagement programs help employers retain their employees by showing them that they (the employees) matter to the company. Implementing good communication practices, employee wellness programs, improved workspaces, and overall excellent management count as just a few of the ways an employer can retain important employees.
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