We
all know that the best employees are engaged and highly motivated. However,
most businesses don’t consider the relationship between employee engagement
and turnover. Research shows that companies with highly engaged employees
experience higher employee retention rates, improved profitability and better
overall effectiveness.
Contrary
to popular belief, those leaving at the greatest rate are not necessarily
those who are the least engaged. It is those with average engagement, the
passively engaged staff that leave. These employees are the solid workers
that contribute reasonably well to the business. They leave because they are
"looking for something better" and when they leave, they take their
knowledge and abilities with them.
Unfortunately,
those with low levels of engagement are very often the ones who stay in the
firm. Why? Because they've landed the perfect job! They are satisfied and are
collecting a pay cheque each month.
By
measuring and making some targeted changes, employees with average levels of
engagement can often join the ranks of the highly engaged. With this come the
benefits of higher profit and higher productivity.
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Thursday, 4 September 2014
Employee Engagement & Turnover!
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