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Friday, September 15, 2006
The leaders in every industry that the work force has to offer, have finally figured out a way to make you, the employee, more engaged. In today's society, people are looking out more for themselves than others, and in turn companies are trying to refocus that mentality to benefit business and fellow employees instead. The Hay Group recently came up with strong evidencial proof that when employees are passionate about their work, productivity and profits will skyrocket. Hay Group Example # 1: "At one multi-office professional firm, offices with engaged employees outperformed others by 25% or more in sales. After getting employees engaged in delivering better customer service, sales jumped 15% at test-market Saks Fifth Avenue department stores. A reengagement initiative at a General Dynamics division cut attrition there from 20% to 2% in just three years. Even better, earnings and profits doubled. Can you get from here to there – especially on the shoestring budget most of us have to cope with? Definitely." This study has shown that employees are not just empty shells, and that many, if not all of them, have a desire to want to be a part of something great. If you can harness that motivation and reroute it to fit your company's mission, then you are sure to meet success. Setting near future goals and implementing an employee reward system will help people to be more productive and enthusiastic. Hay Group Example # 2: "Faster cycle time in engineering cut overhead, which allowed the company to bid more competitively and brought in more business at higher margins.Involve employeesAsking employees for their input on ways to improve business processes or procedures is a key to building energy and excitement into the work they do." Hay Group Example #3: "When a small Midwest manufacturer of medical equipment lost a key client on price, employees were asked, “What can we do to make us more competitive?” Employees came up with dozens of process improvements that, all told, sliced 30% off materials costs. Reward performers Performance-based rewards are an important component in building an engaged workforce. " Be careful to limit your motivational ideas and programs so as they do not hit a place of being accused as too juvenile. If you take these tips and others, and mesh them together with your workplace environment, employee personalities, and company philosophy, you are sure to see a great improvement in profit. And morale! Blogger News Network is advertiser-supported, and your visits to our advertisers help BNN to meet its expenses. Help keep us afloat! posted by Tammy at 10:43 AM |
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