Employee Engagement is one of the new buzzwords of 2018 and a quick Google search will give you many different statements of what it is; many are right, and many are wrong. Therefore, let us provide you with our definition based on various research.
What is Employee Engagement?
To set the scene, let us shortly describe what it is not: it does not mean employee happiness neither does it not mean employee satisfaction. Employee engagement is the emotional commitment the employees have to the organisation and its goals. The more engagement an employee has with his/her company, the more effort they put forth. Let us provide you with some tangible examples: it means that the computer programmer works overtime when needed, without being asked. It means that the engaged retail sales assistant will pick up the trash on the store floor, even if the manager is not watching.
Benefits of high Employee Engagement
A company which demonstrate a high level of employee engagement finds it easier to hire new employees. Furthermore, studies have found that engaged employees can boost stock prices and shareholder returns. In fact, Towers Perrin Research found that companies with engaged employees have 6% higher net-profit-margins and according to Kenexa, they too have five times higher shareholder returns over five years. Through structured onboarding, the culture of engagement will too be easier integrated, which lead to the new employees reaching time-to-performance faster.