Discover what drives employee engagement and the practices that help people feel more engaged. 

Hiring new employees is costly. Direct costs range from $2,000 for filling a blue collar position to $7,000+ for managerial roles. Indirect costs—like onboarding and training—up the ante. While employee turnover is part of every business operation, keeping the rate low through employee engagement is a worthwhile investment.

What is employee engagement

Employee engagement is a measure of how involved and enthused folks are about the work they do and their workplace.

Higher levels of employee engagement are associated with higher retention and productivity, lower absenteeism and a greater sense of well-being.

Key drivers of employee engagement

Researchers at Gallup have identified five key drivers of employee engagement:

• Purpose
• Development
• A caring manager
• Ongoing conversations
• A focus on strengths

Once you have an awareness of the drivers, the next step is to enact practices to enhance employee engagement.

Increasing employee engagement

For tips on putting practices in place, we turn to Harvard Business Review. Their checklist for employee engagement says to:

• Connect what employees do to what they care about
• Make work less stressful and more enjoyable
• Create time affluence—for example reward employees with time in addition to money

Help employees stress less about money

One thing we know folks care about is personal finances. That’s why we offer employers the Consumers @Work program to help their employees enjoy the benefits of financial fitness. To learn more about offering this free program to your employees, contact our @Work Team.

 

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