It's no secret in management circles that employee engagement is tied to better performance and higher job satisfaction.
It's no secret in management circles that employee engagement is tied to better performance and higher job satisfaction. According to the Temkin Group's "Employee Engagement Benchmark Study, 2014" report, motivating and inspiring workers might just be the key to greater financial success.
The study found that highly engaged employees are about three times more likely to go the extra mile for their employer and recommend improvements at work, compared to disengaged workers. This translates into bottom line benefits, the source inferred, since 73 percent of companies that perform better financially have a highly engaged workforce.
"Engaged employees are incredibly valuable assets," said Aimee Lucas, vice president of Temkin Group. "It's not a coincidence that high performing companies have considerably more engaged employees than their peers."
Unfortunately, the study also found that employee engagement levels had decreased slightly from the previous year, dropping from 57 to 55 percent. To reinvigorate engagement strategies, managers can implement initiatives such as employee reward and recognition programs or sales incentive programs. These tactics motivate workers by rewarding their accomplishments and fuel engagement by fostering better communication among colleagues. According to Government Executive, open lines of communication are crucial to employee engagement. Facilitating a positive workplace community through peer recognition programs can help boost morale and encourage cooperation.