Should we invest on an Employee Engagement Software or devise a process on our own? All CXOs have had this conversation with other business and team leaders in their organisation. This is because employee engagement seems to them like an idea that sounds impactful in theory but lacks in practicality.
On one hand, it’s true that employee engagement must be an internal organisational success.
On the other, we have seen tremendous advancements in the field of business and HR technology. Therefore, employee analytics, data and insights have become quintessential to ensure employee engagement.
A majority of organisations still feel stuck. Mostly, with outdated employee engagement strategies.
- Lack of updates
- No time for research
- Laid back team, among others.
Here’s another study:
As per Gallup, across the globe around 71% of employees are not yet fully engaged. This in turn leads to a loss of around $11 billion in employee turnover. On the other hand, companies with engaged employees outperform their counterparts by 202%.
But before you can start working on it, it is important to understand the difference. It is between “It’s my work and I have to do it — I am satisfied with my work” and “I love to do my work and then contribute and learn more in the organisation — I feel engaged and involved”. Most people think job satisfaction and employee satisfaction are identical. However, that’s not the case.
People at every level of the organisation are looking for a workplace that fits their unique needs. A place that supports them in bringing out their best work. Companies must focus on creating a culture that appeals to and supports a multi-generational workforce. This can drive meaningful engagement that attracts and retains the best talent.
7 key benefits of an employee engagement software
With the right clarity and use cases, you can use AI and machine learning to take the pulse on employee sentiment. Further, it can help in identification of factors that have the biggest positive and negative impact on your organisation.
You can collect the data with such tools. This can possibly empower organisations with insights to adjust and update their policies for creating a more engaged workforce. Hence, a single tool that can help unify workforces is essential for organisations to easily uplift their employees and work culture. In fact, it is best this way to inculcate the importance of employee engagement in the easiest possible manner.
The best way to understand the essentials elements of an engagement strategy
- Personal growth
Also, let us look at the 4 traits engaged employees exhibit-
Let’s look at the 7 benefits from here.
1. Ensure emotional well-being of the entire organisation
To begin with, here’s an inspirational thought that best explains the importance of employee engagement.
“Employee engagement is the emotional commitment the employee has to the organisation and its goals.”
When your employees are mentally and emotionally healthy they are able to deliver better, faster results.
An employee engagement software lets you check the pulse of your organisation on a regular basis. You can do it efficiently with pulse survey.
2. Give your employees a casual, democratic atmosphere
An employee engagement software allows you to collect relevant data about what lightens the mood of your employees.
You can carry it out with the help of company-wide surveys and polls.
Afternoon volleyball matches are one of the best parts of Google’s culture. Google is a “flat” company and has smaller teams and hence lacks a strict top-down hierarchy.
This helps in avoiding the “monkey effect” and providing opportunities for thoughtful discussions about decisions for the company.
Further, it helps understand the importance of employee engagement in the workplace.
3. Recognise employee efforts just at the right time
Sherly Sandberg, as the vice president of Google made a mistake, that cost Google several million dollars.
When she confessed the mistake to the co-founder, Larry Page, his response to it was — “I’m so glad you made this mistake,” he said. “Because I want to run a company where we are moving too quickly and doing too much. Not being too cautious and doing too little. If we don’t have any of these mistakes, we’re just not taking enough risk.”
Employee appreciation leads to a culture which is fearless and which encourages people to take more risks, as it better to take risks and fail than to stay stagnant and not take risks.
To foster meaningful and tranquil environment words of appreciation take an employee and the work environment long way.
You can discuss employee achievements and share recognitions efficiently through the employee recognition feature.
4. Save time, resources, and data
An employee engagement software saves more time and resources than you can imagine.
It lets employees chat with HR bots and clarify their questions.
It allows HR leaders to collect feedback and informative data through surveys.
All company-wide information is stored at one single place so that leaders can access it and make necessary amendments.
5. Track the personal and professional growth of every employee
Engaged employees grow professionally as well as personally. This means the workgroup is a good fit. Also, that it is providing enough for you to feel good.
This makes the employee feel that they are a good fit. So, companies must give more opportunities to the employee for growth.
However, leaders must understand one thing. Giving promotions is not the same as giving the employee an opportunity. Whether it is to learn or grow personally.
How do we go about focusing on the importance of employee engagement?
The sense of opportunity and engagement lies in contribution. Contributing to the organisation’s goals and learning along the way.
6. Improve on-boarding experience as well as retention
It’s intimidating to be the new person anywhere you go. It’s equally intimidating for a new employee to join a new organisation. Moreover, see all these fresh faces around.
An employee engagement software will ensure that leaders streamline the on-boarding process. They can design it in a way such that the new employee feels comfortable.
Moreover, it is important to make use of employee data. It helps enhance employee experience to improve retention.
Receiving feedback, giving recognition, maintaining employee relationships, these are all crucial in an employee’s lifecycle.
Therefore, their own data will help leaders create personalised plans and strategies around retention.
7. Lastly, give a boost to employee productivity and business performance
A software will suggest how engaged or disengaged an employee is.
Their engagement/disengagement seriously affects their performance. This in turn has a big impact on business performance as well.
In fact, it is crucial for businesses to integrate with an employee engagement software to gather data and execute accordingly.