How employee engagement can benefit your company

How employee engagement can benefit your company

4 major benefits of employee engagement:

The term “employee engagement,” isn’t a new one. But since its original concept, the way we view engagement in the workplace has shifted dramatically. The emphasis is no longer on the employee to be happy, but rather, on the employer to ensure each employee feels fulfilled in their role, supported by their manager and leaders, and connected to the company’s purpose.

As we face an economic shift, it is going to be super important for organizations to keep a pulse on employee sentiment and engagement levels.

When you take active steps to listen to employees and address problems, positive business outcomes follow.

Read on for the four major benefits of employee engagement in 2023:

1) Greater productivity and bigger profits

Employees can only perform at a high level when they’re set up for success, with the right tools, processes, and guardrails in place for optimal productivity. Creating an engaging, motivating, and supportive employee experience increases productivity and, in turn, profits.

Jacob Morgan, the author of The Employee Experience Advantage, examined the financial data of hundreds of companies and found that those that invest in employee experience had more than 4 times the profits and 2 times the revenue.

2) Increased retention (and less quiet quitting)

When employees become disengaged, they often stop caring about their work and disconnect emotionally. Some will start job hunting and jump ship as soon as a better opportunity comes along, while others may choose to “quiet quit” and keep collecting a paycheck while doing the bare minimum.

Highly engaged teams experience a 40% reduction in turnover on average. Investing in employee engagement and focusing on what employees care about will make them more likely to stay with your organization and motivate employees to do their best work.

3) Less burnout and better employee health

The W.H.O says burnout results from “chronic workplace stress that has not been successfully managed,” with symptoms that include “feelings of energy depletion or exhaustion, increased mental distance from one’s job, negative feelings toward one’s career, and reduced productivity.”

Many workplace factors that cause employee disengagement are also the culprits behind burnout. Employees who say they very often or always experience burnout are 63% more likely to take a sick day, 13% less confident in their performance, and half as likely to discuss goals with their managers.

By addressing engagement drivers like capacity, role clarity, and manager relationships, organizations can reduce the stress factors that lead to burnout and help employees live healthier lives.

4) Reduction in absenteeism

Everyone gets sick or has personal obligations that occasionally require some time off work. But when an employee demonstrates a pattern of habitually coming in late or calling off without a legitimate reason, it’s called absenteeism.

Studies have shown that as employee engagement level increases, absenteeism drops. One study found that by implementing engagement strategies, a hospital surgical unit reduced absenteeism among nurses by 27.5%.

And we have exactly the right tool for you to achieve all this

Transform engagement with Celebrate

Celebrate is an employee engagement tool that lets you show appreciation, celebrate achievements, and keep your team engaged. By using Celebrate, you’ll notice that your team is more productive, happier, and less likely to burn out or miss work. It’s the perfect way to keep your team motivated and achieve your goals together.

Get started today for free and build your company’s culture centre

Sign-up now