Low employee engagement can easily make someone want to leave their current job. And, with people quitting their positions at an all-time high, it’s crucial your company takes the appropriate measures to increase employee engagement and retention. But, what are the other benefits of employee engagement? Continue reading to understand the true value of employee engagement.
Why Is Employee Engagement Important?
Employee engagement is one of the most important indicators of satisfaction in the workplace. It’s a key factor to the overall success of a company. Why? A study from Gallup found that businesses with highly engaged workers are 21% more profitable than those with little to no engagement. Engaged employees are more productive, less likely to look for a new job, and more likely to invest in the work that they do. Maintaining employee engagement is also one of the steps employers can follow to reduce their reliance on applicant flow and start hiring the right people from the start. Check out our free guide to uncover specific ways you can improve employee engagement at your business.
What Are the Benefits of Employee Engagement?
The value of employee engagement cannot be overstated. After all, your company can only be as good as its employees. Here are the three key benefits of an engaged workforce.
1. Better Team Performance
When people are more engaged at work, it makes teams function better and accomplish more. If all of your employees are just waiting to clock out, it’s difficult for a team to get into a flow. Plus, employee engagement can be contagious. If one employee is motivated, their positive energy might influence another team member to perform in the same manner.
2. Higher Employee Productivity
Not only are engaged employees more efficient and productive, but the actual work they produce is of higher quality. Research shows that highly engaged staff members are 22% more productive than those who are disengaged.
3. Less Absenteeism
People are much more likely to call in “sick” when they are disengaged at their place of work. And, even when they do show up for a shift, they likely will not be fully present. Highly engaged team members, on the other hand, want to come to work because it gives them a sense of pride.
Other benefits of having engaged employees include:
- Less workplace stress
- Lower employee turnover rates
- Lower risk of burnout
No Business Can Afford to Overlook the Value of Employee Engagement
It’s easy to see how having engaged employees can transform your business’s productivity, growth, and overall success. But before you can commit to fostering an environment for engaged workers, you have to hire the right people. Luckily, Sprockets’ Applicant Matching System reveals which potential hires will succeed like your current top performers, empowering you to create highly motivated teams. Trusted by top brands like Chick-fil-A and Taco Bell, Sprockets users spend 37% less time on the hiring process, on average.