Employee Engagement is measured and defined as the ability and the desire of employees to put out that extra effort for the benefit of their company, the employee’s tendency to speak highly of their company as a great place to work, and the employees intention to stay with the company. In fact, studies have shown that the more engaged the employees are, the more innovative, productive and profitable the company will be.
Surveys also show that a highly engaged workforce is critically important to a company’s competitive success. And in today’s difficult economic environment, highly engaged employees can even help buffer your company from the effects of the economic downturn.
How Rewards and Recognition contribute to making your employees feel like valued contributors.
The most engaged employees are those with a greater sense of belonging to your organization. It’s critical that employees feel that what they do matters to the achievement of your goals and the success of the company.
One way to create the sense that employees belong, are contributing, and having an impact in the company, is to tie rewards to actual business results. Getting rewards and recognition helps create a sense of ownership and motivates employees to maintain and improve their job performance.
There are many opportunities for Incentive and Recognition programs. Each company needs to evaluate what is needed in their organization, and how their employees can help achieve the required results. The rewards could be tied to achieving many different goals, such as: Safety Targets, Training levels, Sales or Revenue targets, reduced products failures, increased customer satisfaction, and many more.
All executives and managers, at every level, must be involved to motivate and engage employees. The results of your combined efforts will result in a workforce that will be more likely to passionately work together in the pursuit of your business goals.
Tags: Employee Engagement, employee incentive programs, employee recognition, employee recognition programs