Engaged employees can prove to be a priceless asset in today’s competitive business world.
However, many global businesses are still struggling to build the right employee engagement strategy. One of the primary reasons for this is that organizations often overlook the different areas of employee engagement. Here are three fundamental components of employee engagement that a business needs to support a passionate, committed, and inspired workforce.
Leadership is one of the most critical components of employee engagement in 2021.
On the one hand, bad managers cost businesses billions of euros in revenue every year. And yet, companies fail to choose the right candidates 82% of the time. On the other hand, a responsible and skilled leader will build a healthy and meaningful relationship with the team, motivate them, support their ideas, create a culture of accountability, and promote open communication.
2. Rewards and recognition
Recent research proves that recognition leads to a 14% increase in employee productivity and engagement. When you appreciate employees for their effort, they are motivated to work harder and achieve more.
So if you want your employees to be engaged, start by creating a recognition program that reflects your company’s culture, beliefs, and values.
3. Professional growth
If your employees see you taking no steps to help them grow, their productivity will decline. The result — unengaged employees who are just waiting for a chance to leave.
There are a few different ways through which you can help your employees develop additional skills and capabilities. Some of them include providing training, new reading materials, certification courses, and access to regional conferences.
By focusing on these three primary components, organizations can build an effective employee engagement strategy and retain their employees over the long-term.
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