The Business Case for Increasing Employee Engagement

The Business Case for Increasing Employee Engagement with Rewards and Recognition

TRICIA MIKOLAI
Managing Director - Oceania BI WORLDWIDE

FACT: On average 70% of your workforce is disengaged.

Research consistently shows that engaged employees outperform their disengaged colleagues; and organisations with high levels of engagement achieve greater financial results than their peers.

FACT: 90% of business leaders agree employee engagement impacts business success, but only 25% of them have a strategy to improve it.

Build a program that motivates long-term behaviours in employees that align with your strategic objectives.

Linking a Recognition Program to Your Strategic Goals

Achieve growth:

• Companies with low levels of engaged employees have a 32.7% decline in operating income.
• A 1% increase in employee engagement Predicts an incremental 0.6% growth in sales.

Keep leadership informed:

• Executive dashboards provide real-time results and activity from the top program level down to individual employees.
• Administrator analytics answer key program questions and identify areas for improvement, further investigation and celebration.

Streamline processes:

• Single-sign-on and integration with other third party enterprise systems simplify the employee Participation experience.
• Reduce administration time with one central communication, tracking, recognition and rewards fulfilment hub that can manage organisation-wide initiatives concurrently with local programs.

Maintain compliance:

• Track and monitor reward spend across all initiatives through one platform.
• Participant access is automatically controlled by their login credentials based on their department, job title or geographic location.

Reduce costs:

• Higher employee retention reduces overall recruitment, on-boarding and training costs.
• Engaged employees have higher well-being leading to fewer accidents. errors. absenteeism and use of personal leave.