Is your search for greater profit and ROI making you overlook one of the most crucial and easily executable strategies called employee engagement? You are not alone here. Most organizations are finding it hard to crack the right engagement strategy.
You may smirk at the thought of dedicating a good amount of time and energy to engage your employees, but in the meantime companies that recognize the importance of such an initiative will sweep the floor off your best-employees and take them away.
Increasing employee engagement investments by 10% can increase profits by $2,400 per employee, per year.
~Workplace Research Foundation
While it seems easier to dump engagement strategies down your employees’ throats (that may or may not work for your organization), the tougher task is to treat the problem, rather than the symptom. And like all good doctors, the best way to diagnose an illness is to follow a proper algorithm that typically begins with recognition and differentiation of patterns.
So here are 10 red flags that showcase the symptoms and signs of ineffective employee engagement strategies:
1. You have a low employee retention rate
66% of Millennials say, if given the choice, they expect to leave their current employers by 2020.
If there is a stream of employees who are ready to pack up their bags and leave your organization as soon as a new opportunity comes their way then it’s a sure sign that it is high time you figure out a better engagement strategy to retain your best talents.
2. You are not able to make recruitments to top posts internally
If you are not able to undertake internal recruitment for higher jobs, then the obvious reason is that your employees are not skilled enough. If no efforts are taken to improve their skill set, they will not remain engaged and committed for long.
3. Low employee contribution
According to Global Human Capital trends: Only 11% of companies have a highly inclusive work environment.
When you’re doing employee engagement wrong, your workers will not be eager to come up with ways to improve. They will not make efforts to think out of the box to solve problems.
4. You don’t have happy customers
Unengaged employees do not make efforts to provide great service to customers. If your customers consistently complain about the sorry state of your services, you definitely need to change the course.
5. Your bottom line is shrinking
Engaged employees are more productive than their disengaged peers. If your bottom line shrinks every quarter, you need to start taking notes.
“Organizations with an average of 9.3 engaged employees for every actively disengaged employee experienced 147% higher earnings per share (EPS) compared with their competition. In contrast, those with an average of 2.6 engaged employees for every actively disengaged employee experienced 2% lower EPS compared with their competition during that same time period.” -Forbes
6. Your employees take frequent leaves
Higher workplace engagement leads to 37% lower absenteeism, 41% fewer safety incidents, and 41% fewer quality defects. (Gallup)
When workers are not engaged, they’re more likely to take sick days. If your company has to constantly deal with employees who take frequent leaves without any genuine reason, your engagement efforts are failing.
7. Your management is unapproachable
65% of employees who report having had a meaningful discussion with their manager about their strengths describe themselves as flourishing at work (The VIA Institute on Character).
Are your employees scared to pop into your office to ask you a quick question or make a suggestion? If so, they’ll soon find a better manager to work for.
8. Lack of employee collaboration
According to Global Human Capital Trends Report 2016, out of 7000+ HR and business leaders from 130 countries, only 28% of survey respondents believe they understand their organization’a culture well.
Disengaged employees do not show up to work, sulk, and sleepwalk through the entire day. Engaged employees, on the other hand, are eager to get things done — and done well. If you see your staff making no efforts to collaborate, chances are your engagement efforts are not working.
9. Your employees give dishonest feedback
When you solicit their feedback, do your employees tell the truth? Engaged employees will be brutally honest because they care about making your company the best company it can be. If you feel that you are getting dishonest feedback, then your employee engagement are going waste.
10. Changes are made slowly
Companies with engaged employees outperform those without by 202% (Dale Carnegie).
Whenever your staff agrees on making a change, does it take more than a reasonable time to switch things? The slower the changes are made, the more likely your engagement efforts are failing.
Inefficient employee engagement not only affects employee retention, but also the overall productivity and performance of the organization.
The question is: How long will it take you to identify these caution lights and start working on it?
Early recognition can serve as an effective way of keeping your employees engaged from the very beginning.