Retaining top talent in your organisation Keeping employees engaged Why does employee engagement matter to your organisation? •
$11 billion is lost annually because of employee turnover
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Companies with engaged employees outperform those without by up to 202%
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71% of all employees are not full engaged
Employees will be more loyal and more engaged to their organisation when: •
They feel valued
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They believe their work matters
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They feel they have supportive supervisors
It takes a combination of performance management career management and succession planning to get employees engaged. 1. Performance management Have a company wide performance management approach to enhance accountability, visibility and employee recognition. Give your employees support and feedback in order to increase engagement. According to The Energy Project employees who say they have supportive supervisors are 1.3 times more likely to stay with their organisation and 67% are more engaged. Provide constant feedback; do not wait until the annual performance review to let your employees know how they are going. Giving constant feedback about clear and meaningful goals lets the employees know what is expected of them. Goals can be used to inspire productivity and reward talent. Having a well-designed performance management process allows for ongoing, interactive feedback coupled with clear development and coaching plans. By doing this organisations are investing in growing their employees; they build high-performing teams and create more engaged and loyal employees. 2. Career management Employees are always considering their career opportunities, research suggests that up to two thirds of your work force may be looking for a new job or are open to the idea of changing jobs if the opportunity presented itself.
