I was once tasked with increasing employee engagement and reducing turnover.
We were successful, reducing turnover from 50% to 3% in 18 months.
At its core, employee engagement is about the relationship between an employee and the organization they work for.
It involves the fit in four key areas: job, manager, team, and culture.
Engaged employees are also less likely to quit. With the cost of turnover weighing between 50-200% of an employee’s salary—depending on their position in the company—retaining employees is cost-effective for businesses.
Ultimately, if you want your business strategy to succeed, you need engaged employees to execute.
To increase engagement, focus on 4 key strategies:
1) Identify and address problem areas.
2) Hire well.
3) Provide learning and development opportunities.
4) Keep the lines of communication open.
Employee engagement isn’t just about creating a great place to work; it’s a smart business strategy.
Organizations that align their people strategy with their business strategy will see outsized business results.
Here's an article on the best employee engagement software available to you: