Employee Engagement has become a buzzword within the last ten years particularly, with many companies adopting formal employee participation policies, using measurement tools to measure their employees’ participation and a few companies even devoting specific supervisors and supervisors to oversee employee engagement in their organization. Quite simply, the term Employee Engagement (EE) is a business management concept that is used to illustrate how engaged a worker feels inside a company, their commitment to this organization and how satisfied they are in their own function. However, I think that the term Employee Engagement does not only refer to how the employee feels, but can also be a reference to the way the Employer relates to the Employee. There has been a Direct correlation between EE and worker retention. Business owners and companies have recognized that in order to retain staff, they have to quantify and determine the level of employee satisfaction in their organization.
According to the Society of Human Resource Management, it can cost a company around $3,500 to replace an $8 an hour worker, so apart from a business development standpoint, businesses are realizing the employee engagement singapore involved with using EE as a valuable tool to keep staff turnover levels reduced. Also as from a Financial viewpoint, companies are also becoming more aware that using EE inside their organization has several other valuable benefits, like retaining talent within the business, increased levels of customer retention and greater levels of customer service. Using EE may also positively impact productivity levels and may reduce levels of absenteeism, making workers less likely to call in sick at the drop of a hat. All of these are examples of exceptionally positive results that may be achieved when a company makes the decision to put a greater emphasis on the value of EE.
Nevertheless, in the last Few years our planet has witnessed many changes and, in particular, a recession that has hit companies of all sizes and shapes. This has led to decreased staffing levels and more anxiety as employers and workers struggle to live in what could only be described as challenging conditions over the last few years. As companies reduce their staffing levels, existing employees have had to deal with a heavier workload, longer hours and, sometimes, a lower salary because of pay cuts and tax increases. Thus, there are less funds and much less time to concentrate on the value of EE. Meanwhile, the employee who’s also fighting to keep their head above water might be under more stress financially while attempting to handle a heavier workload.