January 6, 2011
I don't have to tell you how shaky the economy and job market has been over the past few years. Companies of all sizes have been impacted in one way or another, with the end result being a huge pool of talented employees losing their jobs through those dreaded words – downsizing, restructuring, reorganization, or whatever one calls it.
It's no wonder that employee loyalty is close to going the route of the dinosaur.
BlessingWhite's 2011 Employee Engagement Report sheds some light on the opinions and feelings of employees, managers and executives globally - how engaged they are in their work and their company.One of the key findings is that fewer than 1 out of 3 employees worldwide are engaged in their jobs and nearly 1 out of 5 are actually disengaged. Compared to previous years, more employees are looking for "opportunities" despite the still shaky economy and job market.
This could be a little bit of a wake up call for some employers and time to rethink an employee retention strategy. The line "they should just be happy they even have a job" is getting tiresome to many. Companies need to keep their best and brightest talent engaged, motivated and at bay, especially now when workforces are already lean.Key will be top down communications and a supported strategy to recognize and reward employees for high performance and individual/team achievements that contribute to the bottom line and success of the business. Perhaps this will come in the form of an employee incentive program...
The team at Incentive Logic is ready to provide the guidance and the tools to design and/or support your employee retention strategy. Give us a call when you're ready!
