05 Dec Maximizing Productivity: Employee Engagement Strategies That Work
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Maximizing productivity is a top priority for organizations as it directly impacts the bottom line. However, many companies struggle with this metric: wasting money, time and resources treating the symptoms and not the cause of the problem. Their challenge often stems from a lack of employee engagement, which can have far-reaching implications for the company’s success.
Studies show that an increase in employee engagement can lead to 18% higher productivity – which can then result in up to 23% increase in profitability. That’s not insignificant. So let’s explore effective, research-backed strategies for boosting productivity through employee engagement initiatives.
Create a Positive Work Culture
A positive work culture is the foundation for high levels of employee engagement. If employees feel aligned with a company’s values and practices – as well as supported by the organization, they’re much more likely to be actively engaged in their projects. Feeling like the organization has their interests in mind and cares about their well-being, will create feelings of reciprocity and loyalty.
Create a positive work culture and boost employee engagement by:
Boost Productivity by Aligning Employee Goals with Company Goals
When employees understand how their work contributes to the organization’s objectives, they are more likely to be engaged and motivated. It’s exciting to see your impact, seeing the direct results of your contributions. In fact, Harvard Business Review has found that it can lead to a 31% increase in productivity.
To achieve this alignment:
Empower Employees with Autonomy
Research shows that an increase in perceived employee autonomy can significantly impact productivity – on an individual and team level. While the scientific reason behind this relationship remains unclear, I’m sure that all of us can relate to feeling more in control and much more engaged in our work when we’re not being micromanaged.
Strategies to empower your employees
Implement Employee Recognition Programs
Recognition plays a crucial role in employee engagement. It helps to build a sense of belonging, esteem, and self-actualization, addressing the needs of modern-day employees. Studies indicate that employees who receive regular recognition are 4 x more likely to be engaged in their work – and 5 x times more likely to feel connected to company culture.
Key aspects of an effective employee recognition program:
We know that it’s easier said than done – that’s why Wishlist is on a mission to deliver meaningful rewards and moments, individualizing recognition and applying principles of effective gifts in your personal life to the corporate environment. We aim to provide employers with personalized and equitable recognition options for every employee, helping build stronger bonds between managers and their teams.
Prioritize Work-Life Balance
The well-being of employees directly affects their engagement and productivity levels. Statistics show that happy employees are, on average, 20% more productive. The positive effect of rest of on our brains is also undeniable – we become more creative, collaborative and pay more attention to detail.
Address work-life balance by:
Maximizing Productivity with Employee Engagement
Boosting productivity through employee engagement is a win-win situation for both employees and organizations. By implementing the strategies mentioned above, organizations can move the needle on the most important internal metrics.
Remember, maximizing productivity through employee engagement is an ongoing process that requires continuous monitoring and adjustment. It is crucial for organizations to regularly assess the effectiveness of their strategies and make any necessary improvements. By investing in employee engagement initiatives, organizations can unlock the full potential of their workforce and drive sustainable success.
Wishlist can help you boost employee engagement by designing an effective recognition program:
When it comes to creating equitable, meaningful and individualized recognition, we go a step further, harnessing the science-backed power of experiential rewards to boost team productivity. Our goal is to help you drive business outcomes by creating a sustainable shift in employee engagement – while relieving the administrative burden of such programs.
We will help you align the structure of your employee recognition program with company objectives, designing it for success. We will also help you build and present a business case to your leadership, regularly collecting data on the program’s benefits and ROI.