The market-place has all kinds of tools and incentives to help companies boost employee engagement. The effects of the 2008 recession have resulted in stagnant growth for some industries and have left many employees fearing that they could lose their jobs for any number of reasons. This fear is well placed because high unemployment has been a constant for the last 5 years.
Managing today’s workforce is very different, especially when it comes to millennials many of whom will probably not respond to the “my way or the highway” management style. In fairness, this does not apply to all companies. In fact, the percentage of companies who has this antiquated management style is very rare at best. Senior executives have their own set of challenges which includes increasing shareholder value and satisfying the needs of their customers. The employees however, are at the heart of achieving shareholder value and customer satisfaction so, it stands to reason, that most of today’s companies are trying to find creative ways to retain their talent. After all, this just makes good business sense.
This article “10 Ways to Increase Profit & Productivity by Making Employees Happy” is a good guide for companies who for ideas on how to increase engagement within their organizations.