Employee engagement is a critical component of running a successful organization. Engaged employees are more productive, innovative, and committed to their work and employer.
Understanding the Value of Engaged Employees Employee engagement is pivotal for the progress and prosperity of any organization. Engaged employees are not only more efficient but also loyal, fostering a long-term commitment with their employer. The importance of these employees cannot be emphasized enough: they are often the backbone of an organization's success. Therefore, determining how to measure employee engagement is fundamental in ensuring their satisfaction and, by extension, the organization's growth.
As the job market becomes increasingly competitive and unemployment rates continue to drop, retaining frontline workers has become a top priority for businesses. Losing skilled and experienced employees not only leads to a loss of productivity but also incurs additional costs in terms of hiring and training new employees. To combat this issue, businesses need to take proactive measures to keep their employees engaged and satisfied.
If today’s labor market suggests anything, it’s that companies need to rethink their retention and recruitment strategies. The hospitality industry, for instance, has seen the average hourly wage go up 22% since November 2019, according to the Bureau of Labor Statistics. This has changed since the pre-pandemic as employers offer more competitive pay to refill positions lost or eliminated during Covid.
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