Making the case for employee engagement
A workplace culture with employee engagement at the heart can transform your organisation and your employees.
Today’s employees are rapidly evolving with demands and trends that shape what they want from their place of work – a lot of us no longer work just to make a living; we want to be part of something bigger. The work we do has to be meaningful and rewarding on a deeper level. And the majority of employees really perform their best when they know that the work they are doing is making a difference.
Now more than ever, organisations looking to attract and retain talent need to recognise that employee values are changing.
According to the Independent, employee disengagement costs the UK economy £340bn annually and is evidently eroding UK productivity. Management strategies must evolve to meet employee needs if organisations are to retain staff and remain competitive. Retaining employees in this competitive market is seen as one of the biggest cost savers for companies. In 2018, it was estimated that replacing an employee who on the UK average salary was up to £11,000.
Even though most organisations realise the importance of employee engagement, the majority of them find it very challenging to find something to engage employees with. We believe that payroll giving is a simple tool that can be used to engage employees and show them that you care about the things that are important to them. After all, eighty-three per cent of millennials in the workforce say they would be more loyal to an organisation that enables them to contribute to social problems.