Workplace Recognition and Incentive Programs

Performance & Profitability

Posted on September 16, 2011 by Motivo Staff in Uncategorized

Results matter, because as Towers Watson showed in Driving Business Results through Continuous Engagement, a 2008/2009 WorkUSA Survey Report, consultants have found that:

  • Highly engaged employees are twice as likely to be top performers.
  • Three-quarters of them exceed performance expectations.
  • They miss fewer days of work due to illness.
  • They more readily identify with the organization and its customers.
  • High employee engagement is correlated with high client satisfaction.

Regardless of industry we are all facing some tough economic times.  Now more than ever we need to ensure we are connecting with our employees.  Help them understand the business realities of today, but also share the company’s strategy to respond to the environment and profitability grow.

Three Steps to Engagement

  • Decide what your goals are and the desired outcomes you want from an engagement initiative
  • Clearly communicate the goals and the impact they will have on your company’s mission
  • Sincerely and timely recognize and show appreciation for employees’ achievements and their value

Recent studies from Gallup and others show that employee engagement can have a positive impact on the bottom line.  Companies with engaged workforces report:

  • 87% reduction in employee turnover
  • 57% improvement in discretionary effort
  • 37% less absenteeism
  • 26% increase in productivity.
  • Ultimately this translates into 19% greater shareholder return.

Engagement matters!