When you consider that 75 to 95 percent of working people despise their jobs, it’s easy to see why disengagement is becoming a business epidemic. According to one study, disengaged employees can reduce business profits by up to 60%. That’s because, despite the fact that employees are the undisputed workhorses of the business world, many brands appear to struggle with employee satisfaction.
Still, some businesses are leading by example, such as Spanx, which recently gave its employees two first-class tickets to anywhere they want to go, along with $10,000 to spend when they get there. That’s how you treat your workers.
We’ll look at how you can be more like Spanx and take steps to reduce disengagement and foster a supportive and desirable workplace that fosters employee engagement in the sections below.
Communication is essential
You’d be surprised at how few companies allow their employees to communicate openly. The main problem with communication is that you — or your management team — don’t have a channel of communication that encourages open and honest communication. Providing a safe space for employees to talk openly about their work environment, workload, and even personal issues helps them feel like they have a voice that is valued by the company.
According to one study, 69 percent of employees would work harder if they felt appreciated – and appreciation isn’t earned by simply listening. Employees want to know that their concerns are being heard and that actions are being taken to address the issues raised. If an employee complains about a lack of refreshment options, for example, a company should consider installing a coffee machine or a water fridge. Little things can make a big difference.
Working for Rewards Is Beneficial
Employee engagement is important to business success, according to 71% of managers, and rewards-based working could be the solution you’ve been looking for if you’re having trouble getting your employees to fully engage. Employee engagement levels vary from company to company. Some employees believe that if they knew they would get something more than a paycheck at the end of the day, they would be more engaged at work.
Employee engagement solutions are here to save the day. An employee engagement program has the potential to change your employees’ perspectives. The harder your employees work, the more they will be rewarded at the end, which is a motivator for rewards-based working, which has been proven to work in a variety of industries. It’s proven psychology: if we know there will be a reward at the end, we are more likely to work hard for it. Furthermore, it demonstrates to employees that they are valued and respected, making employee retention a breeze.
Engagement is boosted by empowerment
It’s critical that employees feel empowered, which can be achieved through open communication and incentive programs. Your employees, on the other hand, should be able to speak up about things they believe could be improved. Employees get to see the good, bad, and ugly sides of the business, and having an employee’s perspective on the workplace is critical if you want to foster engagement.
One way to encourage employees to speak up is to communicate with them openly and express an interest in how the company can improve. Some employees won’t feel comfortable speaking up, so anonymous suggestion boxes are a great option. These are excellent for allowing some employees to express themselves without feeling overwhelmed.
There are even better employees behind every great company. Employees now have a greater say in how a company is run than in the past. Their voices are now being used to draw attention to issues within the organization’s structure. As a result, not only do they improve the working environment, but they also improve the overall business.
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