In my previous post I highlighted that in the United Sates less than one-third of employees are actively engaged, 50.8% are not engaged, and 17.2% are actively disengaged. Those employees that are actively disengaged are costing the U.S. economy as much as $605 billion each year. Imagine how much disengaged employees could be costing your organization. So, what can be done?
According to SHRM Foundation Executive Briefing Employee Engagement: Your Competitive Advantage – increased employee engagement at Caterpillar resulted in $8.8 million annual savings from decreased attrition, absenteeism, and overtime at one of their already established plants. Caterpillar also reported a $2 million increase in profit plus a 34% increase in highly satisfied customers at one of their start-up plants. This was achieved through employee recognition. Employees that feel invested in are more likely to invest in their organization and much less likely to leave.
In one of our previous blog posts People Are Alike All Over, employee recognition is shown to directly increase engagement and produce positive business value. At QIC, we design and manage employee recognition programs that produce higher levels of productivity, reduce turnover, strengthen financial performance, and improve customer service. There is a method to cultivating employee engagement, and the underlying principle is simple: developing a culture of appreciation is directly linked to consistent demonstration.
Want to encourage performance improvement, increase retention, and boost employee morale and engagement? Check out this QIC video about improving employee engagement through employee recognition, and contact us to find out more.
The 2017 release of Gallup’s State of the Global Workforce states that highly-engaged workforces are 17% more productive and 21% more profitable than those in the bottom quartile. Employee engagement is one of the key indicators of effectiveness and efficiency among organizations across the globe. This can be applied to any company by asking three… Read more »
I recently had the privilege of representing QIC at a conference hosted by the Incentive Marketing Association (IMA), which was attended by nearly 400 IMA members. Those in attendance were mostly industry service providers, and it was good to have such a group gathered in one place to discuss current topics and trends. Being an… Read more »
Today I once again direct your attention to the very useful Marketing Profs newsletter, where a recent entry by Laura Forer entitled The Indispensable Welcome Email [Infographic] caught my eye. This well-constructed infographic highlights the value and impact of effective communications, especially at the start of the business relationship. Regular readers of this blog will… Read more »
Years ago, I read an article entitled Tolerating the Awful, and it has stuck with me to this day. It was a corporate piece that discussed the effects of misguided practices and policies on employee morale and corporate culture. When misguided or negative practices and policies exist, employees may be inclined to just give up,… Read more »
For those of you responsible for overseeing your company’s recognition or incentive program, I encourage you to keep this title in mind. Today’s world is so much about High Tech, and it is easy to forget about the “touch.” This became even more apparent to me recently when we hosted an event for one of… Read more »