How often do your employees call out sick? If it seems the standard office bug just won’t go away, you may have an issue with employee morale on your hands. If your team struggles to complete tasks and seem barely present in meetings, it’s time to take action to increase their engagement at work.
This isn’t an uncommon problem for employers. While employee engagement has risen across Asia over the last several years to an all-time high of 65%, there is still room for growth. Singapore lags other countries in the region at just 59% engagement. And as a study found that a 5% increase in engagement in this region is linked to a 3% revenue growth, it’s important to invest in team morale.
1. Pay competitively: 44% of workers say they would leave their job for one with better pay.
2. Offer a variety of benefits: 80% of employees with a variety of perks identify with their organisation's vision and values.
3. Prioritise health insurance: 56% of employees (based in the US) say their health plan is the reason they stay at their current job.
Check out ideas 4, 5 and 6 below:
7. Practice gratitude: Employees who feel appreciated at work are 87% less likely to leave their organisation.
8. Create a mentoring programme: 83% of workers in a mentoring programme admit that it increases their desire to stay at their organisation.
9. Prioritise company values: 20% of 24-35 year-olds say an employer's reputation for ethical behaviour, diversity and inclusion is important.
Check out ideas 10 and 11 below:
All graphics / Fundera For sources of the data, please visit the blog.