A Totally Rad Total Rewards Glossary
Glossary of Employee Recognition, Total Rewards, and Company Culture Terms
Employee engagement refers to the extent to which employees are committed to their work and the organization they work for. Engaged employees feel a sense of purpose and motivation in their jobs, and are willing to go above and beyond to contribute to the success of their organization.
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What drives employee engagement?
Employee engagement is driven by various factors, such as effective leadership, clear communication, opportunities for growth and development, and a positive work culture. Employee recognition is also a key driver of engagement, as it helps employees feel valued and appreciated for their contributions.
How does employee engagement impact retention and productivity?
Employee engagement has a direct impact on both retention and productivity. Engaged employees are more likely to stay with their organization for a longer period of time, reducing turnover and associated costs. They are also more productive, as they are more invested in their work and motivated to contribute to their organization's success. Put it this way: engaged employees are 21% more profitable and engagement lowers turnover by 31%.
What are some best practices for improving employee engagement?
To improve employee engagement, companies should focus on creating a positive work culture, providing opportunities for growth and development, and offering meaningful employee recognition. Other best practices include soliciting feedback from employees, promoting work-life balance, and providing competitive compensation and benefits.