With the estimated cost of losing a key employee standing at £30,000*, can you afford not to keep your employees engaged? It’s no secret that engaged and motivated employees are productive employees. And with UK productivity falling behind other western countries, it’s time to give employee engagement more of the spotlight.
With this in mind here, are five top tips to get you started…
1. Have a tailored benefits package to suit your workforce. Everywhere we go, we expect choice, convenience and a personalised experience, and employee benefits are no different. Get to know the people that work for you and find out what they like, that way you’ll design the best package for them.
2. Acknowledge employees who ‘go the extra mile’. Employees want to be recognised for their hard work, and often it’s something as simple as a ‘thank you’. Make sure you have a variety of rewards too - big or small they can make a big difference to morale.
3. Communicate with your employees effectively. Having good two-way channels of communication at company, team and individual level is crucial. Helping your employees understand their role in company performance and how they can contribute will create a sense of inclusivity.
4. Set clear objectives. The objectives of your employees should align with those of the business. That way, there’s a greater connection between an individual’s actions and company performance.
5. Be flexible. We all strive for that perfect work-life balance. Allow your employees a degree of flexibility around their role. For example working from home, or changing their hours to fit around family commitments, study, or phased retirement will make them feel more valued.
You don’t necessarily have to use these five tips and you may feel there are other options better suited to your company, but having key areas to focus on can help you develop a happy workforce.
An engaged workforce is the gift that keeps on giving - it can improve morale, boost productivity and create a better working environment. Your employees will feel valued and motivated, and genuinely know that they contribute to the overall success of the company they work for.
*According to Recruiting Times, it costs the average company over £30,000 to replace a key member of staff - you can lose £5,000 during the recruitment process, and once you’ve found them, you’ll need roughly £25,000 to get them up to speed.