Tag Archive for: employee turnover

Inspiration and Engagement in the Workplace

Inspiration and Engagement in the Workplace

I recently wrote an article for a website called inspiremetoday.com.  This article answered the question –

“If you only had 500 words to share, what wisdom would you want to pass on to humanity”

Of course this is a complicated question, but fun to answerMy answer consisted of ways to build inspiration, courage, congruence etc.  I wondered though, how does one hold on to inspiration?  I want to take this opportunity to discuss not only how to hold inspiration but particularly how to hold inspiration and engagement in the workplace, where most of us spend the majority of our time.

Inspiration is hard to hold on to sometimes.  However, this should be of primary concern to companies.  Here are three tips identifying why it may be beneficial to inspire employees and encourage employee engagement –

  • Employee turnover is expensive, unproductive and challenging.  Keeping employees engaged and enthusiastic about their work will reduce employee turnover and ultimately reduce costs and lost productivity for the company.
  • Most employees report that one of the most desired components of a positive work experience is being appreciated. One way to show appreciation for employees is making sure they are engaged in what they are doing, thus improving employee experience and reducing likelihood of turnover
  • Understanding the match between the company’s values and employee’s values is important.  If this is unclear, consider bringing in consultants or coaches that can evaluate and mediate this discussion.

So this may pose the question – how does a company get leadership to buy into this importance of employee engagement?

Companies can encourage leadership to understand the importance of employee engagement through modeling it. This means that HR and executive leaders should feel engaged in their work so that they can experience the value of what they will be teaching to other leaders in the company.

If leaders are experiencing a congruence between the values of the company and their own values, this will certainly inspire employees in the workplace.   This does seem relatively intuitive in nature, that if values match then positive outcomes will result. However, now there is a building mountain of evidence to support the importance of engagement, value alignment and inspired employees, as it relates to the successful business.

For example, according to Towers Watson, companies with a  highly engaged workforce improved operating income by 19.2% over a 12 month period while companies with lower engagement saw a 32.7% decrease in operating income.

However, according to a study by Accenture, less than 50% of chief financial officers appear to understand the return on investment in human capital.   Even though this may be changing, continued awareness is important.  For additional evidence regarding the value of addressing engagement and other human dynamic issues, here is an extensive list of studies pointing to the value of improving employee engagement, culture and satisfaction.

How is your current level of engagement in your work?

What would it take to inspire you?

Best,

Michael