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These factors can, in turn, affect business growth and expansion, employee satisfaction and wellness, leadership and communication, customer satisfaction, and many other areas. Implementing employee engagement strategies can at first seem like an unnecessary expense. How do you measure employee engagement?
According to Gallup, only 30% (1:3) of employees are engaged in their workplace. or $3,400 for every $10,000 of an employee’s annual salary. Kenexa reports that engaged companies outperform disengaged companies by 5X and outrank poorly engaged companies in the stock market by 22%. Guidelines for building a recognition program.
Today employees are more empowered, mobile, and demanding than ever. New research by MRInetwork shows that 90% of recruiters surveyed believe that “candidates are now in charge” – the highest this metric has been in five years. If feedback is the killer app, then “thanks” is the gorilla in the market.
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