Now, employees can explore an idea only when they are invested in it. Investment in an idea happens more frequently in engaged employees. Similarly, only an engaged employee can take the effort to actually back up and champion an idea. So, employee engagement is super important to promote innovation at work.
This is, undoubtedly, one of the top benefits of employee engagement. So much has been discussed about engagement levels and their impact on employee productivity in our last blog. Here is a little more to add.
A large-scale Gallup study mentions that employees who have higher engagement rates are 22% more productive at work. Engaged employees don’t need to worry about being productive. It happens naturally, thanks to the engagement levels.
If customer happiness is not one of the top benefits of employee engagement, then what is?
Customer experiences are a direct result of employee activities in an organization. An employee engagement survey concludes that organizations with more than 50% employee engagement manage to retain more than 80% of their customers.
The study also states that companies with formal employee engagement programs see increased revenue of about 39% in new customers every year. This is an added advantage too.
Another benefit of employee engagement that can be very positive for the organization is increased profitability rates. This works in multiple layers.
All these, together, help improve the profits of the organization.
Delays, in the workplace, happen when employees are given a deadline but are not able to keep up with it. Now, it is impossible to avoid delays completely. However, engaged employees can keep this at a minimum because they are focused and take up the deadline responsibility themselves, without waiting for someone from the management to keep reminding them. This is one of the benefits of employee engagement that also add to customer satisfaction over time.
Learning and Development and employee engagement go hand in hand. While L&D programs are highly effective in improving employee engagement, employee engagement also helps make better use of these L&D platforms.
One of the more subtle outcomes of employee engagement that you cannot ignore is making optimal use of learning and development programs. Engaged employees are eager to learn and up-skill themselves, and in organizations where employees are truly engaged, they are eager to use L&D resources without the need for mandatory training and learning sessions. Do read our blog on career growth and employee engagement trends here.
Just like when every part works well, a machine performs seamlessly, one of the benefits of employee engagement is better teamwork. With every team member doing their task well and with focus, the whole team moves seamlessly and achieves goals easily.
Both engaged and disengaged employees may go through workplace stress. However, we have added this point to the list of benefits of employee engagement because engaged employees may handle stress better.
Employees who are dedicated and focused have the support of the management and peers and this may make it easy to handle stress. Also, since engaged employees handle their work better and adhere to deadlines, there are fewer instances that could cause workplace stress.
What is employee advocacy, you may wonder? It is when your employees step out and talk positively about you and your organization, acting as voluntary brand ambassadors. Engaged employees have a sense of belonging to the organization, and as a result, are unconsciously on the lookout for potential team members who can join them. This is one of the positive outcomes of employee engagement for sure. Imagine word-of-mouth references and handpicked recommendations for new hires, without having to spend anything extra for this!
There are so many positive outcomes of employee engagement and these outcomes help both the organization and the employees to develop and progress. So, have you checked your employee engagement rates? Does the number satisfy you?
One of the first things you could do to quickly fix engagement levels is get your rewards and recognition program right. This directly impacts employee engagement. PossibleWorks specializes in creating custom R&R programs that improve overall employee engagement and satisfaction levels. Do get in touch with us to set up or tweak your existing program or revamp the entire process. These are just some of the top benefits of employee engagement put together. There is so much more you can achieve as an organization when you start focusing on improving engagement levels.