Over the past five years, how many employees have left your company voluntarily? How has the loss of valuable employees affected your business? While employee turnover is a natural part of the workforce cycle, unexpected losses can be harmful to your company. The loss of valuable employees can mean many things for businesses (no matter the size): unfulfilled roles, higher costs, a lower knowledge base, and decreased performance overall. Turnover comes with high costs that many businesses are not willing to pay; therefore, many companies are looking for tactics to keep their employees happy and engaged.
Are Your Employees Engaged or Are They Just Going through the Motions?
Employee engagement prevents unexpected employee turnover. Before you can brainstorm ways to actively engage your employees, however, you need to know what employee engagement is. Employee engagement is not just showing up and getting the job done. It is the commitment of the employee – both emotionally and professionally – to the organization and its goals. It is not happiness or satisfaction in the job (though that helps) but it is their commitment to the role and the goals they are trying to accomplish through their role.
Research has proven that high levels of employee engagement can help companies retain top talent, increase productivity and performance, and further business goals. Many businesses make the mistake of placing the responsibility of engagement solely on the employee; however, business leaders, HR staff and managers have a role to play as well. Making sure your employees are actively engaged in their role is crucial to your business’ current and future success. After all, employee engagement creates a healthy chain reaction, leading to:
- Higher service and productivity
- Higher customer satisfaction
- Increased sales
- Higher profit levels
- Higher returns for shareholders
Using Technology to Monitor and Improve Employee Engagement
There are many ways you can go about improving employee engagement, but if you are trying to go about it without the help of a human resource information system (HRIS), your efforts will not get you far. A capable HRIS can provide you with the information you need to not only monitor engagement, but it can also divulge key information that will help you create unique engagement plans for your employees. Through advanced analytic and reporting capabilities, HRIS can answer your questions about your employees while providing you with the tools to implement new procedures to aid in retaining top talent.
If your company is struggling to stay afloat after vital employee losses, contact us today. We can help you rebuild your staff and increase your employee retention so you do not have to worry about losing any more valuable employees.
