It’s Simple: Engagement Drives Retention
Employee engagement is the emotional commitment a person has toward both their company and their company’s goals. When people are really engaged, it ultimately leads to a feeling of psychological ownership, where people work, act, and make decisions like they’re actually a part of the company and its ownership.
Engagement is not synonymous with employee satisfaction or happiness, though they often go hand in hand. Highly engaged employees care about the work they do and put in discretionary effort. They go the extra mile to move the company’s mission forward.
Why does engagement matter?
So what are the benefits of getting engagement right? Research done by many companies has found a high percentage of success in various areas of a company when people are engaged, including lower absenteeism, lower turnover, and fewer safety incidents.
Research also shows companies see increased productivity, higher sales, and improved profitability when their employees are engaged. Companies with highly engaged employees outperform others in key areas like net profits and shareholder value.