Employee Recognition & Engagement Resources

Employers that want to boost employee engagement are increasingly taking notice of the power of peer relationships in the workplace. The water cooler phenomenon isn't about gossip as much as it builds connections with co-workers on lighthearted topics like family, sports, and entertainment. Therefore, there is a deep well beneath the water cooler top tap to improve engagement since close work relationships and peer respect boost employee satisfaction by 50%, making it seven times more likely to engage fully in their work. 

It’s important to take care of your employees. After all, your organization won’t be able to reach the heights of success if not for employees who are healthy in all aspects of their lives. Besides having a comprehensive employee benefits package which includes proper healthcare and paid vacation days, another way to take care of your employee is by helping them achieve personal economic security through financial literacy programs.

This is all the more important as the New York Post reports that Americans are notoriously bad with money. Indeed, the report cites a Bankrate survey that details how 60 percent of Americans don’t even have $500 to spare in care of emergencies. By empowering your employees through a financial literacy program, they can better manage their debt and save up for retirement, as well as increase their productivity. You'll also be able to help yourself grow your business as you take better care of your employees, as these programs can motivate your staff and boost employee morale.

Now that we’ve established the importance of financial literacy programs for your employees, let’s now take a look at what you need to do when planning these programs.

When it comes to a safety incentive program, what KPIs (Key Performance Indicators) should we be following? 

A healthy and productive work environment is one in which everyone can better meet their respective and collective goals. Employee engagement is a core component in creating and fostering such an environment. People Managing People refers to employee engagement as a relationship formed among colleagues and management in any industry, including healthcare.

Disengaged workers are not good for business and end up affecting their organization's bottom line, and in the larger scheme, they cost the U.S. economy $350 billion annually in lost productivity. Many of these employees have a way of maintaining a bad attitude and infecting others with it, bringing down camaraderie and team morale.

Points-based reward programs are highly effective in influencing employee behaviors, whether that is engagement, productivity, safety, wellness or other types of outcomes. But, why does it work? Let’s dive more into the reasoning behind why points-based rewards are effective for helping employees to reach their full potential.

Walk into a business where employees and management rarely communicate or express pleasure in teamwork, and you will find a company that might soon face substantial trouble. Without healthy engagement among coworkers and management, employers might lose valuable employees because it is a telltale sign that employees' needs are not being met and perhaps are not even considered.