This Friday, March 7, is Employee Appreciation Day – a good time to do something particularly special for your employees. It’s also an important time to think about how to elevate your employee engagement efforts to the next level, taking the spirit of this one day and make it an ongoing, year-round program that is woven into the fabric of your organization.
By creating ongoing opportunities throughout the year to recognize, reward and motivate your employees for their contributions to the company’s success, you’ll be building a Culture of Appreciation within your organization. It will serve to boost your employees’ “psychic income,” not just their monetary income. And, it pays dividends to your company’s bottom line.
Studies prove that, when done right, employee engagement strategies are the next significant ROI opportunity for organizations. For example, Towers Perrin found in 2004 that a 15 percent improvement in levels of employee engagement correlates with a 2 percent improvement in operating margin. Further proof comes from a 2007 Gallup survey of millions of employees worldwide, which showed that organizations with higher than average levels of employee engagement also realized 27 percent higher profits, 50 percent higher sales, 50 percent higher customer loyalty levels and 38 percent above-average productivity.
It’s clear that getting employee engagement right within your organization delivers on multiple levels. Your employees will be more satisfied and your organization will benefit from an energized workforce motivated to help the company reach critical goals – all of which impact the bottom line in a very real and measurable way.
So do something extra for your employees this Friday…and then do something extraordinary for your company this year by embracing employee engagement.
Visit our blog on Wednesday to learn about our “Five Keys to Employee Engagement.” In the meantime, for more information, read our white paper, “Global Strategic Recognition: Driving Bottom Line Results Through Employee Engagement.”