Increased Employee Engagement. The main benefit of the High-Performance Training and Mentoring Program is increased overall employee wellness and employee engagement. Engaged employees like what they do and find their work meaningful. An engaged workforce will work harder, faster and with much more enthusiasm. Gallup’s report for the American workplace shows some interesting results. Satisfied employees are 40% more productive than dissatisfied employees. And, engaged employees are 44% more productive than satisfied employees.
- Result # 1 – Increased productivity. A study by Gallup revealed that connected teams are 21% more productive.
- Result # 2 – Improves retention rates. A recent Gallup showed that 51% of employees are planning to leave their current jobs or open to the idea of leaving their job for the right opportunity. Some reasons are lack of recognition, internal office conflicts, lack of development and personal growth, lack of communication, poor culture and uncompetitive pay. Employees join a company with expectations and desires. And when you fail to provide those, they start looking for better options. Therefore, engaging employees helps reduce the cost of turnover and improves retention.
- Result # 3 – Increases revenue. More engaged employees will increase your revenue. Aon’s 2018 global engagement report shows interesting results. It shows that every 5-point increase in engagement level, leads to a 3% increase in revenue. When employees feel engaged, they naturally go the extra mile to achieve. They finish their work faster and their capacity to finish tasks also increases.
- Result # 4 – Happier employees, happier customers. In the words of Richard Branson, “Clients do not come first. Employees come first. If you take care of your employees, they will take care of your clients”. To improve your customer service (internal and external), increase your employee engagement level. Engaged employees take less leaves, are more attentive and friendly. All the things required for building good client, subcontractor, and vendor relationships. These employees are also great advocates and always put the company’s best face forward.
- Result # 5 – Increased loyalty. By investing in your employee’s overall wellness, growth and development, you send a message loud and clear – we care about you. And in turn, they care about you and are less likely to leave the organization.
- Result #6 – Positive culture. Highly engaged employees bring spirit and energy to the workplace and actively work toward building a positive company culture. They help lift others up.
- Result #7 – Increased innovation. The mind thrives on order. The work we do through High-Performance training, reduces stress and anxiety – scientifically proven to increase creativity and innovation.
- Result # 8 – Drives employee advocacy. A major benefit of employee engagement is that employees naturally become company advocates. They feel a sense of pride to be a part of the organization. Therefore, they actively promote the brand. They talk about the company to their family, friends and professional colleagues. This is an integral part of your long-term growth and recruiting strategy.
- Result # 9 – Better quality of work. Employees who feel engaged produce higher quality work. They have pride in what they do and the quality of their output. They do each task with the same amount of dedication and precision. Since they enjoy their job, they’re much more efficient in their work.
- Result # 10 – Cost savings. We all know that hiring new employees costs time and money. A study by Deloitte says “the cost of losing an employee can range from tens of thousands of dollars, to 1.5-2x their annual salary.” This works in two ways. When employees leave a company, the cost of hiring and training a new employee is high. And another factor is when an existing employee does their work halfheartedly resulting in lower production, missed deadlines, behaviors that impact culture and ultimately the bottom line.