Learn & GO: August is Employee Engagement & Retention month

Document created by 1049487 on Aug 4, 2015Last modified by 1049487 on Oct 12, 2015
Version 10Show Document
  • View in full screen mode

Recent News Articles

 

Learn & Go: August is Employee Engagement & Retention Month

 

Bring Change and Value to HR: Become a Business Partner

 

Millennials: Love 'em or Leave 'em?

 

OSHA Recordkeeping:  Deciding Whether Treatments are First Aid or Medical

 

One of Your Employees Just Got Arrested: What Do You Do Now?

 

2015 VETS-4212 filing period now open

 

Use Career Paths to help Employees Visualize the Possibilities

 

Are You Prepared to Care for Your Aging Parent?

 

DOL Administrator Letter Says Many Employees Misclassified as Independent Contractors

 

The Endless Summer: Unlimited Vacation: Perk or Problem?

 

5 Tips For Recruiting Great People

 

Do Employees in NC Have the Right to Review Their Personnel Files?

 

Follow-Up to New USDOL Proposed Overtime Regulations

 

Creating a Better Background Check

 

HR needs to Evolve along with Technology  

 

4 Strategies to Attract Top Performers and Keep Them Loyal

 

Reviewing FMLA Requirements After the Dust Settles on Same Sex Marriage Law

 

What The Same-Sex Marriage Ruling Means For Health Plans

 

Start your Leadership Development Efforts with Frontline Managers

Learn and go logo small.jpgTom_Sheehan_news.jpgEmployee engagement and employee retention are tightly connected and highly inter-dependent. It stands to reason that if your workforce is highly engaged, your employees are more likely to stay and be committed to organizational success. Likewise, if you do the things that foster employee retention, you are likely to experience a more engaged workforce.

 

Engaged employees…

 

  1. Are loyal to and invested in the organization
  2. Show great interest in their work
  3. Have a higher level of job satisfaction
  4. Feel more enthusiastic and empowered
  5. Proactively solve company issues

 

Employee Retention Defined

 

On the other hand, employee retention is an effort by a business to maintain a working environment which supports current staff in remaining with the company. Employee retention practices are aimed at addressing the various needs of employees to enhance their job satisfaction and reduce the substantial costs involved in hiring and training new staff.

 

HR’s Role

 

For HR leaders it is essential to understand and strengthen the linkage between employee engagement and employee retention and to recognize the fundamental elements that support and foster an engaged workplace. Additionally, it is critical that HR leaders can identify the root causes of turnover.

 

One key role HR traditionally plays relates to managing employee turnover. The key to addressing turnover issues is to focus on the things that you can control. Do not fall into the trap by believing that paying people more money will solve your turnover problems. Research indicates that money is not likely to be the primary driver of turnover. If you have root cause is not related to compensation, throwing money at the problem will not have a long-term impact.

 

Why it Matters

 

Gallup research (2012) found that employee engagement affects several performance outcomes. Compared with companies with lower engagement scores, companies with a more engaged workforce have:

 

  1. 37% lower absenteeism
  2. 25% lower turnover
  3. 28% less inventory loss
  4. 48% fewer safety incidents
  5. 41% fewer quality defects
  6. 10% higher customer metrics
  7. 21% higher productivity
  8. 22% higher profitability

 

Learn more

 

An entire module of Learn and GO is dedicated to understanding how to improve employee engagement and retention. You'll find helpful guidance and ready-to-use templates.

 

Also, for a deeper dive into the subject, plan on attending our Engagement and Retention webinar on August 27th from 10am-11am. HRCI and SHRM credits will be provided to those who attend.

 

You may also view the recent Engagement and Retention: Webinar.

 

And as always call me if you want to discuss how to improve retention and/or engagement at your organization.  I can be reached directly at (919) 325-4113.

Attachments

    Outcomes