Mumbai: Six out of ten companies have seen improved employee engagement levels compared to the last two years. For most (55 per cent) organisations the engagement levels have grown up by 10-15 per cent. Of these 55 per cent of the surveyed companies, 40 per cent said to have investment heavily in their culture. These finding were revealed by recent TimesJobs survey. Overall, 90 per cent of the HR managers of these companies said that a focus on culture had improved their financial performance, as well.
When asked about experiencing the organisational culture and improved engagement levels, about 80 per cent employees strongly feel the link between the two and 20 per cent do not. About 75 per cent organisations happily invested to boost the engagement levels and only 25 per cent companies do not invest at any level.
Employee engagement leads to better growth: In the TimesJobs survey HR managers said that during the disengagement phase their staff had seen 40 per cent higher absenteeism, 50 per cent more accidental cases, and 75 per cent more errors and defects in the daily tasks. Besides these organisations have also experienced lower productivity, lower profitability and lower job growth in that period. Interestingly, with improvement in engagement levels organisations have enjoyed a rise of over 50 per cent in productivity and 30-50 per cent in job applications, reports 75 per cent organisations in the survey.
How to strengthen employee engagement in an organisation?: Organisation culture works on a hierarchy. The members on top drive the working culture. Therefore, it becomes imperative that the organisational leadership is strong and capable of creating a positive influence within the system. They must cast a major influence on the people to keep them inspired and motivated. The new-gen workers have a new perspective regarding their work-life preferences and want to pursue their interests and passion.
“Workplace culture and employee engagement are inseparable, and companies are gradually realising this connect. Companies which foster a healthy work culture rank better on employee engagement aspect, and have higher productivity and workplace positive employees. In fact, as our study reveals, the progressive companies are already investing aggressively – and deliberately so – to improve their workplace culture and hence, business growth,” says Ramathreya Krishnamurthi, Business Head, TimesJobs.
Employee happiness has become vital for the success of an organisation and for the same reason we have designations like ‘Chief Happiness Officer’ emerging at the workplaces. When employees are healthy, stress free and safe, they are better at their work and thus more engaged. An organisation which cares for its employees and has comprehensive wellness programs is perceived more positively by its employees.