Figuring Out an Employee Strategy for Next Year
The new year is quickly approaching and there are many things you can focus on to make it a success. One of the areas you may want to consider is employee engagement. In a 2016 research report done by Coleman Parkes and the Workforce Institute at Kronos called “The $687 Billion Question?” only 12 percent of employees believe that engagement is strong in their business. So, do you have an employee engagement strategy for next year?
Why Employee Engagement is Important
Turnover is a very expensive component of business that can be avoided when other steps are taken. Companies that focus on employee engagement experience less turnover, better morale, more productivity, happier customers, increased profits, and loyal employees. Only 31 percent of HR managers see their people as a top asset, which emphasizes the large opportunity for development.
If you want to continue to grow your company and keep the valued employees you have recruited, you need to focus on employee engagement. Whether you have things in place already or not, here are some tips to help you increase employee engagement as a whole.
Focus on the Individual
Something that most employees are looking for in their work is individual attention. They want to hear feedback about their individual work. More than half of employees, 59 percent, believe that CEOs are more focused on finances than the individual employee. They are searching for personalized development. You can no longer create one path for the entire company. People want to be able to build upon their skills and know that they are valued employees of the company. When your employees are telling you of an issue or something that can be improved, actually listen to them and try to find a way to fix it. When employees feel as if their voices are heard, they feel as if they are part of the team.
Provide Them with Helpful Tools
Employees want to be as successful as possible and if you want to help them work towards that goal, you need to provide them with all of the tools they need to succeed. For example, your HR team needs to be able to not only do their job correctly, but efficiently. Fifty-six percent of people say that lack of automated systems creates the biggest challenges in their day. They can become more productive when you use our HR systems or payroll systems. In addition to ensuring they have everything to do their job in a successful way, you also need to provide them with tools to log time and check on their hours worked like with our time and attendance system. This can help them work towards a positive work-life balance.
Incorporate Social Activities
Nothing brightens up the morale more for your employees than a fun outing or event. You do not have to do this every month but you should try to incorporate some fun activities outside of the office on occasion so they can relax a bit and meet more people within the company. Lack of employee engagement is more expensive than a few social activities throughout the year. Even providing one hour per week of extra productivity can save employers $1,518 per year per employee. We had an employee appreciation week a few months ago, see how we engaged the team here.
How APS Can Help
Here at APS, we are focused on creating the right tools that will help our customers help their employees. All of our services help provide better productivity, increase efficiency, and even help you remain compliant. Our systems will help your employees do more in less time so they can focus on other tasks that they may not have been able to get to before.
Employee engagement is something that you do not have to put a lot of effort into, but you can gain a lot of benefits from it. While you are making your goals for the year, make sure you put employee engagement at the top of your list.
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