Over half of your employees don\u2019t want to be at work today, and 26% of them are actively looking for another job entirely.<\/p>\n
Imagine the impact that\u2019s having on their productivity and performance. And imagine the cost this is going to have on your business when the disengaged folks inevitably leave, and you\u2019re stuck with spending time and money hiring a replacement (about $138K per person, if you want the average figure). Times that number by your company\u2019s rate of unwanted attrition, and that\u2019s a lot<\/em> of money walking out the door, every year.<\/p>\n If these stark employee engagement figures (taken from on the Towers Watson Global Workforce Study) are freaking you out a little, that\u2019s ok. You\u2019re not alone.<\/p>\n I\u2019ve worked with hundreds of companies who are experiencing the very same wake up call. The good news is, like them, you\u2019re not completely helpless either.<\/p>\n Here are 3 simple, but effective ways to keep your people engaged and prevent your hard earned money from going down the drain\u00a0(or walking out the door).<\/p>\n Purpose as a critical motivator is discussed all over psychology and business literature, from Maslow to Dan Pink. So the idea that people want \u2013 and need \u2013 to be part of something bigger than themselves in order to thrive isn\u2019t new.<\/p>\n If your company\u2019s purpose isn\u2019t defined, or it\u2019s only clear to you and half the leadership team \u2013 but not to your employees \u2013 then it\u2019s time to step back and reassess your priorities.<\/p>\n Unless your people know what success looks like for your business, they aren\u2019t going to know how to help you get there. As our General Manager at RED, Jemma Fastnedge says, \u201cIf an individual doesn\u2019t believe in what your company stands for, then they simply won\u2019t do their best work.<\/em>\u201d<\/p>\n If your people leaders are still operating in the archaic command-control mindset, then consider them (at least in part!) responsible for why your talent is disengaged.<\/p>\n If you want your business to succeed in this century, then say goodbye to last-century leadership styles that were born in the industrial era. Command-control just isn\u2019t going to cut it in this economy.<\/p>\n If you want your people to spend their time finding better, more efficient ways to get the job done (instead of, oh, I don\u2019t know, looking for a better job), then listen to what four years of research and thousands of employees have told us: proactive leaders that put people first and set the standard by example is the way to go.<\/p>\n How much would you be willing to pay to retain your top talent? Does the idea of dishing out scores of end-of-year bonuses make you sweat?<\/p>\n What if I told you it could cost less than a cup of coffee a day to make sure the salary you\u2019re paying your best people isn\u2019t just money thrown out the window?<\/p>\n Investing in a strategic recognition program is proof that you notice and value your employees\u2019 contribution to the business \u2013 not just once a year but every day. It\u2019s a simple, effective way to boost motivation, performance and commitment all year ’round.<\/p>\n At RED we know the power recognition has to boost employee engagement and bring the best out in people. We design our software to help people like you amplify and reward the things that make your workplace one your employees are not only committed to, but boast openly about.<\/p>\n Sometimes I\u2019m baffled by the businesses that can\u2019t see the link between an engaged workforce that is both productive and proactive, and the company\u2019s bottom line or customer services scores.<\/p>\n A lot of this seems like common sense; an employee who understands and is aligned to your purpose is going to be more committed to helping you succeed. A customer service rep who feels supported and valued by their manager and peers is going to mirror support and value to the customers they serve.<\/p>\n Invest strategically in your people, and instead of seeing your money going down the drain, you\u2019ll see it working harder and smarter for you.<\/p>\n If you want to find out more about what successful companies are doing to drive employee engagement up and push unwanted attrition numbers down, check out the 2014 Engagement Capability Report or join us for the Leadership Styles and and Recognition Strategies Webinar on Thursday Nov 6, 1-2pm AEST. The team at RED will help you identify the areas to focus\u00a0on improving\u00a0employee engagement.<\/p>\n Jimmy Wright is a Lead Recognition Consultant at RED \u2013 Recognise Every Day, a company within the RedBalloon group that uses the power of employee recognition to create better, more connected workplaces. Over the last ten years Jimmy has helped hundreds of organisations increase employee engagement and productivity by helping them recognise and bring out the best in their people.<\/p>\n","protected":false},"excerpt":{"rendered":" Here are 3 simple, but effective ways to keep your people engaged and prevent your hard earned money from flying out the window (or walking out the door).<\/p>\n","protected":false},"author":17,"featured_media":5680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[],"yoast_head":"\n1.\u00a0Get clear on your purpose<\/strong><\/h3>\n
2.\u00a0Get rid of loser leadership<\/strong><\/h3>\n
3.\u00a0Get strategic with your recognition<\/strong><\/h3>\n