Recent economic improvements have bolstered the number of organizations that are now operating in the global marketplace, as operational expansions continue to yield positive outcomes for the average business.
Recent economic improvements have bolstered the number of organizations that are now operating in the global marketplace, as operational expansions continue to yield positive outcomes for the average business. Many firms are beginning to leverage employee incentive programs, as well as rewards initiatives, to increase engagement among a diversity of staff members, and these companies will need to ensure cohesion among all facilities to enjoy optimal outcomes.
Reliable Plant Magazine recently listed some of the fundamental tenets of global employee engagement programs, as well as how companies can work to ensure the highest level of morale and performance among their staff members. Citing research from the likes of Gallup, Harvard Business Review and Forbes, the source explained that engagement can significantly improve productivity and performance.
Additionally, the news provider stated that organizations which excel in the rewards, recognition and incentive departments will tend to enjoy longer staff retention and lower employee churn, which comes with substantial indirect and direct benefits over time. According to Reliable Plant Magazine, one study from Businessweek revealed that increased engagement has translated to 19 percent operating income growth.
To achieve these positive outcomes on a global scale, the source stated that businesses should work to leverage a combination of advanced technological solutions and unique policy frameworks that will empower individual performance improvements and engagement, all while setting the right path for managers.
Considering the fact that organizations will be managing a much more diverse workforce in the coming years, getting started with a rewards or recognition program early can pay off dividends down the road. By ensuring the most preferable and targeted initiatives are in place proactively, globalization of operations and office sprawl will not be as threatening in terms of engagement and staff morale.