In today’s environment of economic turmoil, high resignation rates, budgetary cuts, and overall stress and burnout, the employee experience is more important than ever. Creating a business culture where employees feel empowered, supported, and happy is the only way for businesses to thrive through hard times.
There’s one key to improving the employee experience and ensuring they give their best each day, and that’s employee engagement. However, engagement levels are at historic lows and are trending downward (from 36% in 2020 to 32% in 2022). Considering engaged employees are more productive, more satisfied, more happy, and more loyal, why aren’t companies working to improve engagement levels?
The answer for many is that engagement is too abstract, vague, or insignificant to worry about, especially in troubling times—it can be difficult to get the buy-in needed to make engagement a priority. Just like ancient myths of gods and monsters, these engagement myths have become commonly accepted by many. But the truth is, engagement is the single most impactful aspect for the employee experience, and yes, organizations can influence it.
Here's the good news: you’re most likely already offering the foundation of high engagement—that foundation is total rewards. To debunk common engagement and total reward myths, we’ll discuss total rewards, employee engagement, and how they influence the overarching employee experience. We’ll show you the ROI of improving engagement, how to get buy-in for investing in engagement and total rewards, and how you can do so to future-proof your business in 2023 and beyond.