Employee Recognition and Profitability
According to Gallup, "employee engagement is strongly connected to business outcomes essential to an organization's financial success; such as productivity, profitability, and customer engagement." Contact Terryberry to learn more about the impact of recognition.
The impact of employee engagement and recognition on financial performance
We all know unengaged employees when we see them. They may take excessive breaks, execute the bare minimum of their responsibilities, and generally lack enthusiasm. Employees like this are not happy or excited about the company and its vision. Engaged employees go the extra mile for their companies and can significantly increase the profitability of the business.
Engaged employees put forth extra effort
When people are invested and involved in their work, they naturally want to work harder than employees who don’t care about their jobs. They will stay a bit late or skip a break to see a big project through to the finish; and they will take on additional responsibility when needed.
Engaged employees reduce turnover and training expenses
Employees who are personally invested in their work are extremely less likely to be looking for other opportunities. By cutting down on turnover, you lose much fewer hours to new employee onboarding and training. Your seasoned employees continue to grow and increase their skills as well, rather than spending time showing new people the ropes.
Engaged employees waste less time
People who are not interested in their jobs spend less time performing their tasks. Those who are passionate about their role will dedicate themselves to getting the job done. They waste less time on office gossip, organizing their desks and checking social media; and more time devoting their brain power to the job at hand.
Engaged employees create innovative solutions
Engaged employees are more likely to be open to thinking outside the box and coming up with creative ideas to solve problems or improve processes. They are up to the challenge and dedicated to continuous improvement. One of these engaged employees may have the next big idea for your company or be a future leader.
360 Recognition Platform
A single hub to house all of your recognition initiatives and corporate awards from one easy-to-manage platform.