10 ways your business can benefit from an employee engagement programme
Behind every great company is a great team. Whatever the size or niche of your business, keeping your employees happy is an integral part of ensuring maximum motivation and productivity. An employee engagement programme ensures you have all the right ingredients to build success while empowering your staff.
What is employee engagement?
An employee engagement programme essentially aims to create the right conditions for your employees to thrive within your organisation. Engaging with employees at all levels is a vital part of success. As well as showing your staff you care and developing individual goals, employee engagement contributes to wider success and growth.
Mike Edwards, Head of People at Love Energy Savings, comments:
“We understand that keeping our employees happy, motivated and engaged is key to our success. But a good employee engagement programme isn’t just about ensuring team members have the environment and support they need to fulfil their capabilities and reach their potential. It’s about offering trust and transparency when it comes to an employee’s understanding of the role they have to play within your organisation. With employee engagement firmly on the agenda, our employees have the insight and energy to come to work every day and carry out their roles with confidence and clarity.
“Employee engagement gives us the means to keep our people happy, productive and at the centre of what we do. Through leadership, management, motivation and trust we work with our employees to engage for success.”
Take a look at 10 ways your business can benefit from an employee engagement programme.
1. Enjoy greater productivity
Keeping your employees engaged and satisfied is the key to ensuring productivity within any organisation. Engaged team members tend to be top performers and will, as a result, go the extra mile to fulfil not just their job roles but wider business goals. According to a recent study conducted by global management consultancy Hay Group, engaged employees are 43% more productive.
2. Maximise job satisfaction
Investment in the success of your business is something every employee should share. Your employees are ambassadors for your business, and should actively support your company’s objectives and uphold its ethos everywhere they go. The more satisfied an employee is the higher the level of loyalty and commitment to your company.
3. Retain the very best
Workforce retention is an issue for many businesses. Having a suitable employee engagement programme in place will ensure you retain the employees that are key to your business. Engaged employees have greater job satisfaction and loyalty, which significantly lowers the risk of them jumping ship and taking up a position elsewhere.
4. Attract qualified employees
Your happy workforce won’t just be admired from within. Prospective employees will take note of how appreciated and engaged your existing workforce is. Businesses that put employee engagement high on their list of priorities tend to find it easier to attract new employees that are qualified, passionate and enthusiastic, making recruitment a breeze.
5. Provide a better service for all
The quality of service offered to customers is a primary focus in everyday business activities for all companies. The motivation, enthusiasm and commitment shown by your engaged employees will make all the difference to your customer service success.
6. Increase innovation
Giving your employees that platform to contribute to your company is a vital aspect of any employee engagement programme. Every organisation wants to be an innovator in their field and your employees are your ticket to creating new products, services and processes that really resonate with customers.
7. Boost your bottom line
Greater productivity and efficiency can only mean one thing – better profitability. Recent research gathered on behalf of Watson Wyatt found that engaged team members produced 26% more revenue per employee.
8. Create a harmonious work environment
The negative atmosphere created by those who are disengaged can have a detrimental effect on your work environment. As the saying goes, one bad apple is likely to spoil the whole bunch, but with better engagement you can keep team morale high.
9. Develop your workforce
Employee engagement doesn’t just work wonders for company success. Individual successes will also become apparent. Your employees will have the rewarding opportunity to develop new skills and enhance their existing ones, a prospect that will only add to their self-confidence and enthusiasm.
10. Outperform your competitors
The employee engagement experts at Best Companies revealed that firms with highly engaged employees financially perform as much as 3.5 times better than FTSE 100 businesses. Success for you, your business and your employees is an all-encompassing benefit of introducing an employee engagement programme.
At Love Energy Savings we take employee engagement extremely seriously and believe this is key to our success. As a result, our top-notch engagement and empowerment strategy is a fundamental part of our business.
Enabling our teams to become a better version of themselves and play a pivotal part in growing a successful business is a key objective – to find out more about our strategy or to see current opportunities, visit our careers page.
The team at Love Energy Savings are committed to saving your business as much money as possible. If you want to know more about how we can help you, please don’t hesitate to get in touch or compare business energy rates now.