When you invest in your employees, they are more likely to stay with the company. This is because workplace enhancements such as wellness programs and increased engagement can decrease attrition rates by 50%.
Employee engagement can prevent attrition rates. But how do you improve engagement? According to the 2017 American Society of Training and Development State of the Industry report, employers are reaching out to their employees through digital tools that will help increase engagement levels.
Employers can use technology such as ServiceNow HR and other employee-engagement apps to create a culture of engagement and enhance the experience of employees outside of the workplace.
How does employee engagement prevent turnovers?
The first way that enhanced experience prevents attrition is through improving morale and motivation. When employees feel like they have a say in what happens at work and when their needs are being met, it improves their satisfaction levels, leading them to be more engaged and less likely to quit or retire early.
The second way enhanced experience helps reduce attrition rates is through greater retention of talent. Happy employees want to grow within the company, so they’ll take on new challenges which will help them learn new skills that will benefit the company. This ultimately makes them more valuable, which means that they’ll be less likely to leave for another company because they’re fully satisfied with what your organization offers.
The final way enhanced experience can reduce turnover is through increased ability. Happy employees are more creative, productive, and innovative at work because they’re motivated and willing to take on new challenges. They will constantly test the limits of their abilities which will help them learn more about themselves and what they can achieve. This can lead to a high level of job satisfaction which means that employees are less likely to leave the organization looking for better opportunities elsewhere.
Plus, these enhanced experiences are more likely to attract new talent. When you’re known for investing in your employees, attracting top talent becomes easier because more people are interested in working for your organization.
Digital Tools That Boost Employee Engagement
Businesses may use technology to improve communication with employees by continuing to advance. Technology can also help you develop your business more quickly and effectively.
Employee engagement is limitless thanks to tools like virtual technology, social networking, and internet gateways. The advancement of business technology is also significant because it allows for information communication through various channels instantly.
Performance Management Tools
Virtual tools like performance management software can increase efficiencies and decrease time spent auditing, appraising, and reporting employee performance. Using automated platforms to assess employees’ needs, recognize their efforts, encourage positive changes, and reward them for a job well done will make your business more productive while also increasing engagement levels.
Collaboration Tools
Collaboration tools like wikis and online discussion boards help employees share ideas while also making it easier to communicate with each other. This type of collaboration can enhance the workplace experience by providing feedback which makes it easier for managers to understand how employees feel about various aspects of their roles.
Social Networking Tools
Social networking tools have become increasingly popular for business purposes since they allow employees to engage with clients and executives more easily. For example, social networks can host Q&A sessions or webinars about important work-related topics so that everyone is up-to-date on relevant information.
Technology-Based Workgroups
A digital workgroup is a team of employees who can communicate, share documents, and collaborate with all group members using online tools. This type of workgroup makes it easier for companies to conduct business. This is because every team member has access to information, so they don’t have to waste time re-creating documents or re-explaining processes.
Nurturing Talent
Continuously growing and developing your employees will help you to retain top talent because people don’t want to feel as if their time is wasted by investing in a career that isn’t going anywhere. These methods of employee development include: providing training, building a healthy work environment, empowering employees by putting them in leadership roles, and recognizing their contributions.
Feedback and Review
One of the best ways to keep employees satisfied is through an open-door policy to easily voice their concerns or provide feedback about various work-related topics. This has become a common practice, but it’s difficult for managers to maintain this policy if they’re not properly equipped with the technology needed to communicate with employees.
Employee engagement is an important part of any company’s success. Finding new ways to engage with employees and keep them satisfied will help you retain top talent, boost employee satisfaction, and improve your bottom line.
