Small and Midsize Businesses (SMBs) face unique challenges in terms of employee engagement. Studies show 36% of small and midsize employees are actively engaged in their organizations versus only 29% in larger businesses. However, with more dynamic needs and fewer resources than larger organizations, SMBs must get creative in their efforts to maintain that higher level of employee engagement.
This is especially important given the current state of employee engagement in the workforce:
While profitability is the key function of any organizations, cash flow is the lifeblood of small to midsize organizations. Small and Midsize Businesses simply cannot afford to have employees that are not emotionally connected to the mission and values of the company. The direct correlation between increased employee engagement and key business outcomes such as productivity and turnover prove to be invaluable for small to midsize organizations whose already slim budgets and resources are being stretched.
In order to develop a strong team that is purpose-driven, Small and Midsize Businesses must foster a culture of engagement and recognition that resonates throughout all aspects of the company. By investing in the development of employees and recognizing those that live the mission of the organization, you will be able to build high-performance teams that thrive.
When companies create a true Culture of Engagement and Recognition, amazing things happen. When compared to companies with low levels of engagement, those with high levels of engagement experience, on average:
If you're interested in how C.A. Short Company can help your company create a Culture of Engagement and Recognition.