Who Needs Employee Engagement Initiatives?
Research continually supports the purpose of employee engagement, and confirms its results. In a March 2011 survey the employee benefit provider Unum completed a study in conjunction with Harvard Business Review Analytic Services, which identified the leading challenges to human resource personnel in a struggling economy. Among the concerns for at least 45% of respondents was employee engagement, with a full 70% expecting that challenge to grow.
But why? Should a pay check not be motivation enough?
Ideally, yes, but not always. During an economic downturn it may not be feasible to pay employees as much as they feel they deserve. Bonuses get cut, staff starts to shoulder more of the cost of benefits and, despite your best efforts, you could start losing the loyalty of some of your hardest working and most valuable employees.
On the other end of the spectrum, some employees just aren't fiscally motivated. They work to live and, after that, look for less tangible rewards. All of the money in the world will not keep these folks invested unless they can see the broader affects of their daily work.
The bottom line: If your office employs anyone, their engagement needs to be a primary concern.