If you think that seems an excessively high figure, think again. This time consider the following, often hidden costs: recruitment and training costs, time spent on the exit process, juggling workload and temp costs, loss of expertise and productivity, managing turnover and quality problems and customer dissatisfaction.
Your employees are engaged they’ll be happier, healthier, more fulfilled and less likely to leave their position. By having a happy and engaged workforce you could also see a 12% increase in profit and potentially a 5% increase in productivity.Here are some tips drive up your employee engagement levels in 2014 and reduce your staff turnover:
- Spend time during the recruitment process get to understand the candidates making sure they are the right person for the role and the company.
- Create and share a vision for the future, one that is understood and resonates with the entire workforce.
- Set clear expectations, and provide regular honest feedback to each individual.
- Commit to development, for careers and individual current role.
- Rewards and Recognition, it’s not always about money, remember to say thanks!
- Be Trustworthy, honour your commitments and trust others.
- Work/Life Balance, understand different needs of your people and be flexible.
- Last but by no means least - Have fun, life’s too short not to!
Source: HayGroup, How to stop your talent taking flight, September 2013
Our last issue we mentioned the amazing results one of our client had in their Employee Engagement survey, the people there had a huge role to play in their success.
Since we wrote about our client, a number of you have approached us to find out more about employee engagement. We have talked much about the importance of employee engagement and the benefits of focusing on people and performance.
For a start, if your employees are engaged they’ll be happier, healthier and more fulfilled. But equally great, you could also see a 12% increase in profit, alone not to mention the and increase in staff retention and 5% increase in productivity. I could go on!
Jingles bells, Jingle bells, Jingle all the way!It’s incredible to think about what we can all achieve in a year. Pro-Development has gone from strength to strength, in what has been a fun and very diverse year! We have supported companies with employee engagement, implemented some performance management frameworks, helped in the set-up of a contact centre, coached people, trained in a range subjects, delivered IT training and on the list goes…..! That said though, is really has been the people we have met, old and new that have made it a great year, it makes all the difference to us and we are very fortunate to be able to work with such lovely people . So to all our friends, we wish you a very merry Christmas …. see you in 2014!
Halloween already? Time flies when you’re having fun! And my, did we have fun recently celebrating our second birthday (Or so I’m told!) Can’t believe two years have passed so quickly, huge thanks go to all of you who have played a part in our journey. I wonder what we will have achieved in another two years –we’re very excited!
Yet another cause for celebration, we’ve been busy working closely with a few clients undertaking employee engagement surveys. Whilst doing so I am absolutely thrilled to share that one particular company had 100% trust in senior leaders (you know who you are!)
What a fantastic summer! It’s been great to watch our sunflowers grow, and to watch the amazing businesses we work with grow as well.
I wonder, for those of you who received a sunflower seed from us…how well did yours perform? Remember there’s a prize for the tallest, although photographic evidence will be required!
Well here we are, in spring (although you’d be forgiven for not realising!), it’s been an incredibly busy start to the year and we’ve been involved in some incredible things too.
This year I have been asked to join the governments ‘Engage for success’ guru group to represent SMEs.
I’m very excited about this, not only because I’ve never been a guru before but also the fact that we have the opportunity to influence at a national level! I’ve been to a regional event and it was great to hear the challenges that businesses face and ideas to help increase engagement. Engage for success has a web site which is packed full of tool, ideas and event information.so why not take a moment to look or even add the site to your favourites .
Some of the benefits of focusing on People and Performance
We want to achieve results that make a difference to you, your teams and your business. We all know the benefits of having a workforce who are inspired and enjoy coming into work, where there is a good atmosphere in the workplace and everyone supports each other – this is the kind of place we all want to work. However, investing in the development of your people is an important decision and we will work with you to make sure you are getting a return on your investment. Here are just some of the results you can expect to see as a result of focusing on your people and their performance: