You don’t need a fairy god mother to cast a spell that brings much needed cash and savings to your company. You have the magic at hand through employee engagement.

Engagement is a word that we hear often in the corporate context and not everyone agrees on what it means and if it is even necessary to be a successful company.

What is engagement and why is it vital to the success of a company?

Engagement is the result companies achieve when they stimulate employee’s enthusiasm for their work and direct it towards organizational success. (The Hay Group)

To achieve and maintain peak productivity, you and your leadership team must be able to create an engaged workforce.

“We’re seeing a stubborn gap between the discretionary effort employees across the world are willing to put into their work and the level of support available to help them excel. For organizations looking to harness the full productivity of their workforce, leaving this pool of motivation untapped is a wasted opportunity.” (David Sisson, Vice President the Hay Group,)

Engaged employees stay longer and can be up to 50% more productive. (Deborah Schroeder, Right Management)

“High engagement companies had total shareholder returns that were 19% higher than average while the low engagement firms fell 44% below average. That is a difference of 63%.” (Blessing White)

“Of 50 companies surveyed those with Low Employee Engagement saw:

A 32.7% decrease in operating income, a 3.8% decrease in the net income growth rate and an 11.2 % decrease in the per share growth rate.” Those with High Employee Engagement saw a 19.2% increase in operating income, a 13.7% increase in the net-income growth rate, and a 27.8% increase in earnings the per share growth rate. “(Towers Perrin)

Every CEO on the planet says: I want that! How can I get that?

Our time at work takes up such huge part of our lives so we owe it to ourselves to tap into our spirits to find the essence of our power. We owe it to those who employ us as well as to those who report up to us to build a culture where there is spirit at work and people are alive from 9 to 5 because, for your company to thrive, the people must thrive.

Come visit next week to read about leadership culture and the influencing factors of engagement.

Our time at work takes up such huge part of our lives so we owe it to ourselves to tap into our spirits to find the essence of our power. We owe it to those who employ us as well as to those who report up to us to build a culture where there is spirit at work and people are alive from 9 to 5 because, for your company to thrive, the people must thrive.

 

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