Gallup research pointed out that an engaged employee can increase profitability by 17%.
The main aim of an organization is not only to hire talented people but also to retain employees. Creating a conducive working environment for skilled employees who can communicate effectively is more than just making employees happy. Although employees must be enthusiastic about their work, engagement is a different ball game. The engagement of employees depends on how they have been treated, and organizations that are successful in this category treat workers as stakeholders who are a part of the company. Employer engagement depends on how well leaders can clarify goals, and work expectations, offer required tools to do the work, and other developmental activities to increase employee performance.
According to Gallup's 2022 report, the majority of the workforce in the United States, which is 65%, is not engaged in work.
The mantra for most corporate organizations in post-pandemic times is to increase employee engagement to sustain productivity and performance.
The transition in the business sector during the pandemic times stressed out a lot of employees. A large number of the workforce had to work from home, and in the post-Covid era, the hybrid mode was instituted. Digital relationships and networking have become the norm where communication and interpersonal relationships need to be implemented through technological modes. The changes have been immediate, and people have not been given a chance to adjust, reducing employee engagement drastically. Employee engagement can improve work culture, reduce risks, and increase profitability and productivity by building long-term relationships with customers. Industry experts have professed that employee engagement is necessary for business operations. It is easier for employers to understand employees' demands and identify strategies to improve their morale and create an inclusive work environment.
Considering the modern workplace scenario, an engaged employee can increase productivity by 20 to 25%.
Corporate team building activities are one of the main techniques to increase employee engagement in a business sector. Other methods help provide a conducive work environment and recognize employee effort to boost employee engagement.
Employee engagement is a vital criterion to increase productivity in the company. Hiring the right talent is necessary, but retaining your talented employees should be a top priority. Therefore, business enterprises should increase employee engagement by providing a conducive work environment and investing in corporate team building activities to boost overall performance.