We all want to improve on how we can engage your team but heres some hard data that supports why we should and how we can do it to get some true team motivation.
A recent Gallup survey showed only 18 percent of Australians say they love their work and estimates now indicate Australia suffers a massive $32 billion annual loss in productivity thanks to disengaged employees. To counteract this, the RedBalloon report reveals the fundamental elements businesses need to improve productivity and create an engaged workforce – these include; flexible working arrangements, recognition programs, non-cash rewards/incentives, training and development programs, paid parental leave and time off for study.
“They are the base of the pyramid, so if you don’t get them right, the whole structure will topple. Our suggestion is that if organisations do not include these activities as part of their activity mix, they stand little chance of breaking past average levels of engagement,” Wright said.
Wright notes that while rewards and recognition are key to creating and maintaining an engaged workforce, cash incentives are not the answer.
“These findings are backed up by studies showing that non-monetary incentives have a higher perceived value and are 24 percent more powerful at boosting performance than cash incentives,” he added.
The report also revealed employers may receive higher engagement levels if more achievable expectations are placed on employees.
“Organisations need to shift the way they think about the standard work day, and how they expect employees to work their hours and meet their goals because incorporating flexible work options and mindsets can go a long way to creating a happy and healthy employee experience and increased engagement. And that can only be a positive thing for business,” Wright said.
Coaching, buddy programs and company lunches/nights out had the greatest impact on effecting employee engagement levels, according to the report.
So for a happier and more profitable workplace implement these ideas and engage your team better and get some real team motivation happening in your business.
More Profit Less Time Pty Ltd
Profit facilitator, Author, Business and Executive Coach, Trainer, Professional Speaker
Certified Business Coach, Certified NLP Practitioner, Certified Guerrilla Marketing Practitioner
Diploma of Management, Diploma of Human Resources Management
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