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Recently, there have been some eye-opening reports about the state of employee engagement, both here in the U.S. Aon Hewitt, in an influential 2015 paper advanced the “Stay, Stay, Thrive” framework for the variety of desired Employee Engagement outcomes. Download the eBook now and begin learning how to measure what matters!
No longer a specialist relief pitcher called in to face a tough hitter, or a rarely used bench player padding stats in garbage time, employeerecognition has become a widely recognized superstar when it comes to driving employee engagement. And it follows that the more frequent the recognition the higher the employee engagement.
While striving for long-term sustainability, they unintentionally damage their efforts through traditional recognition processes. This disparity between sustainability objectives and employeerecognition is more than a small oversight; it is a significant problem at the core of many business plans.
Organizational change efforts have a startling failure rate of 70 percent , and one major reason for this failure is that executives don’t do what it takes to get buy-in from their employees. Telling a compelling “change story” can have the effect of keeping workers involved during the sensitive time following the initial restructuring.
Did you know companies in the top quartile of employee engagement see significantly better business results than bottom quartile organizations? This is also supported by Aon Hewitt , which found that a 5% increase in employee engagement is linked to a 3% increase in revenue growth in the subsequent year.
It has been found that one of the most effective ways to drive engagement is through recognition. In fact, when asked what leaders could do more of to improve engagement, 58% of respondents to a recent survey replied “give recognition.” What else can leaders do to help them become an engagement champion? About Mike Vickers.
These companies “create a culture of engagement in which employees can continuously develop and thrive,” and on average, they have 14 engaged employees for every one who’s disengaged. Aon Hewitt annually measures worldwide employee engagement, including quantifying employee advocacy and interest in staying with the current employer.
It is important for organizations to regularly measure and monitor employee engagement to enhance the employee experience and help them stay productive. Source: Gallup) Companies with engaged employees experience 2.5 Source: Aon) Engaged employees are 87% less likely to leave their company. times less turnover.
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