RM2 > Improving Employee Engagement

Improving Employee Engagement

Employees are a company’s biggest investment and should bring the greatest reward. Yet even today, employees are often viewed as an asset to be managed rather than as individuals who can create the next innovation for success. Long-term engagement starts with good communication, recognition and reward.

Despite there being some debate about the precise meaning of employee engagement there are three things we know about it: it is measurable; it can be correlated with performance; and it varies from poor to great. Most importantly employers can do a great deal to impact on people’s level of engagement. That is what makes it so important, as a tool for business success.

Engaging Your Workforce

Today, employee engagement and loyalty are more vital than ever before to an organisation’s success when growing, and to maintain an established competitive advantage. Gone are the days when a young person starting out in his or her career joined a company and stayed until retirement – in today’s business environment there are no guarantees. Experts predict the current turnover rate may rise to 65%. With recruiting costs running approximately 1.5 times annual salary, the ability to engage and retain valuable employees has a significant impact on a company’s bottom line.

An engaged employee experiences a blend of job satisfaction, organisational commitment, job involvement and feelings of empowerment. It is a concept that is greater than the sum of its parts and one an employee share scheme can help develop.

Achieving Long-Term Goals

The opportunity to participate in ownership of the company will provide the perfect platform for your workforce to become fully aligned with company objectives. If communicated correctly, participants will become empowered to start thinking and acting like owners. This encouragement to work beyond short-term milestones and drive continual growth offers works as success now offers a significant level of mutual reward.

There are many share ownership models available, and as specialists in this field we are well equipped to work with you and design the arrangement that supports your goals. For an overview of the types of arrangement that may suit your company, why not take our quiz?

If you would like to find out more about share ownership can help maximise employee engagement, why not call us on 020 8949 5522, book a free consultation using the button at the top of the page, or email a member of our team.


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