Senior Executives can commit vast resources and money to manage their employees, but if the staff does not feel valued or engaged in the business, it's likely that the desired results may not be achieved.
According to a study from Gallup Inc, titled "The State of the American Workplace: Employee Engagement Insights for U.S. Business Leaders", effectively engaging and retaining employees is one of the biggest challenges that leaders can face. Over a three-year period, from 2010 to 2012, the research firm surveyed more than 350,000 respondents, Forbes magazine reports.
The findings indicated that 70 percent of American workers are "not engaged" and are disconnected from the workplace, which in turn can make them less productive. This lack of engagement can be significantly detrimental to business profits. Gallup estimated that disengaged employees can cost companies between $450 and $550 billion per year in lost productivity. These employees can also negatively influence their fellow employees, drive clients away and miss workdays completely.
With only 30 percent of employees working at their optimal potential, leaders need to begin improving their engagement strategies to retain staff and bolster their productivity as a business.
Rather than focus strictly on lower levels of the organization, Gallup suggest that management leaders center their efforts at the top and have it disseminated throughout the company. As mid-level managers and employees feel empowered, they can begin to identify barriers to effective engagement and help develop methods for organizational improvement. Staff members can be the most knowledgeable when it comes to the company's processes and clients, which might result in better performance when given the right tools for the job.
The training process can be an area where leaders engage their employees directly for the betterment of the company, according to Training magazine. Merit Career Development offers a range of teaching techniques that engage employees and increase learning retention. To learn more contact us by phone, 610-225-0193 or send us an email.