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Employee Motivation, Engagement and Employee Retention
"Companies who scored highly on their ability to manage talent earned, on average, a 22% higher return to shareholders than their industry peers. Companies that scored low on talent management earned no more than their peers did". -
Watson Wyatt, 1999
"Sharing information, getting feedback and allowing employees to manage their own development are directly related to a 2.2% increase in shareholder value" - Watson Wyatt 2002
Engaged employees feel inspired, energised and motivated to give of their best and hence employee engagement is central to retaining key talent and to securing sustained high levels of individual, team and organisational performance.
But the way we lead, organise and manage people frequently results in disengaged, frustrated and demotivated individuals whose potential is underutilised and whose performance is sub optimal. Too often we adopt a rigid, mechanistic approach to people and organisations, particularly in times of uncertainty and change. As a consequence we fail to recognise employees’ needs and aspirations and harness their unique talents.
So what are the components of an inspiring and vibrant workplace - What are people looking for? What needs to be in place in order to attract and retain the best talent ? What conditions need to exist for people to give of their best? How do we successfully engage and motivate our employees?
Although every individual has different needs and aspirations, there are some things that unite us and which all human beings have in common:
- We crave meaning in our lives and a sense of belonging.
- We seek self esteem through the knowledge that we are making a valued contribution.
- We wish to build fulfilling and mutually rewarding relationships with others.
- We desire relationships that are built on trust, mutual respect, honesty and integrity.
- We aspire to grow and fulfil our full potential.
Creating the conditions that lead to higher employee retention, engagement and motivation is not easy – all too often the pressure to deliver short-term results and respond to crises becomes overwhelming and we lose sight of the things that really matter – and then wonder why the improvements in performance that we were striving for were short lived and our people more stressed and disaffected.
If this sounds familiar, we can help. Click to learn more about how we could help create a more energised and engaged workforce in your organisation.
Contact us
or call us today on 020 7485 5748 for more information on how we can help improve employee engagement, employee retention, motivation and performance.
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