Understanding the 3 Key Components of Employee Engagement

In our recent blog post, ‘The Impact of Employee Engagement on Your Organisation‘, we discussed how engaged employees can prove to be an invaluable asset in today’s competitive business world.

However, many global organisations are still struggling to build the right employee engagement strategy. Often, this is because they believe that engagement is only about organising team-building activities and providing their workforce a generous compensation. While this may promote short-term engagement, at the end of the day, it just isn’t enough.

Based on our experience of building highly engaged global tech teams, we’ve understood that there are so many areas of employee engagement that are simply overlooked. We’ve made a list of the three key components of employee engagement that an organisation needs to support and maintain a passionate, committed, and inspired workforce.

1. Leadership

According to a recent survey conducted by Gallup, managers account for roughly 70% of the variance in employee engagement scores across business units. This means that leadership is one of the most critical components of employee engagement in 2021.

On the one hand, bad managers cost businesses billions of euros in revenue every year. And yet, companies fail to choose the right candidates 82% of the time. So if you’ve hired the wrong person for the job, the chances of your employees feeling engaged, inspired, and included significantly reduces.

On the other hand, a responsible and skilled leader will build a healthy and meaningful relationship with the team, motivate them, support their ideas, create a culture of accountability, and promote open communication. By simply hiring the right manager for your business, you can drive employee engagement and boost the productivity of your workforce.

2. Rewards and recognition

A study conducted at a New York state hospital provided some fascinating insights. Despite placing warning signs and live video monitors at hand sanitizer stations to urge employees to sanitise their hands frequently, only 10% of the employees complied. However, when the monitors were replaced with electronic systems that praised employees for washing their hands every single time, it was noticed that the compliance rate rose to 90%. This is the perfect example of what recognition and rewards can do for your organisation.

Read the full article at: https://thescalers.com/understanding-the-three-key-components-of-employee-engagement/