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Do your employees know why they come into work every day? In a recent study, 53% of respondents said they wanted greater insights into the company’s bottom line. 14% rarely or never see how their work affects the organisation.
The study by Robert Half Management resources revealed different sentiments among age groups. Employees aged 55 years and older indicated to have the best insight into how their day-to-day duties contribute to the company’s bottom line, with 59% saying they can always make the connection.
On the other side of the spectrum, less than half (44%) of 18- to 34-year-old respondents agreed, with 2% saying they can never make the connection between what they do and the company’s goals.
Tim Hird, executive director of Robert Half, points out that it’s the 35 to 54 age group is the group employers should be most concerned, with 62% indicating they understand the connection between their work and the company’s bottom line only sometimes, rarely or even never.
“It is concerning that so many workers who are 35 to 54 – a group that often serves as managers and top executives – lack a complete understanding of thow their responsibilities help their organisation’s bottom line”, Hird says in a press release.
“Employees who see the direct correlation between their contributions and company performance are more engaged, make better spending decisions, and can identify new ways to increase productivity and growth”, he continues.
According to the company, there are three main ways employers can help their staff connect their individual work to the bottom line.
1. Include staff members at all levels in discussions about company performance and goals. A better understanding of what the company is working towards can help your employees understand their role in the process and could increase their performance.
2. Enlist your managers to communicate how individuals’ contributions are benefitting the business. Managers should constantly be on the lookout for opportunities like staff meetings and performance reviews to speak to staff about how their work is affecting the overall business goals.
3. Talking to consultants, contacts or other outsiders can help provide insights into how your company is doing and where you can improve.
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