How to get ready to boost your business after this period of uncertainty
“Your future is created by what you do today” ~ Robert Kiyosaki
Employee engagement drives a more competitive, efficient and profitable business. Investing in engagement now is essential for rapid recovery.
After the 2008 financial crash, employee engagement plummeted worldwide, with 83% of employees disengaged.
And the problem is, when employees are disengaged profitability drops by 21%, productivity goes down and sales decrease.
We want to help prevent this from happening again by putting the right support in place now. One of the best ways to improve employee engagement is investing in your people through training and development.
Currently, global markets are the worst they have been since 2008.
Now, this may feel like the time to pull back your resources, but, on the contrary, this is one of the most important times to invest in developing the skills of your people. Not only will your team have a little more time on their hands as they work from home they will be more engaged when they return.
Gallup found that companies with a highly engaged workforce recovered from the recession in 2008 significantly faster than companies who didn’t take employee engagement seriously.
An engaged workforce leads to 22% higher profits, 20% more sales, 41% lower absenteeism and 40% fewer mistakes. Gallup found that companies with the most engaged employees nearly doubled their chance of success. These sorts of figures should not be ignored, critically after an uncertain time, so let’s make sure we learn from our mistakes.
Get in touch with the Higson team to find out how we can help improve the engagement of your team and hit the ground running when normality returns.
A year from now you will wish you started today - Lamb