1 October 2007
Engage employees to leave the competition behind
Communicators agree that "if you don't have a formal engagement program, you're not 'with the program'".
Improve your bottom line
As part of the International Roundtable, hosted by Globoforce, an on-demand provider of global, strategic recognition solutions, 70 HR professionals and business leaders were asked for their opinions on a variety of issues relating to employee engagement and employee recognition programs.
If you don’t have a formal engagement program, you’re not 'with the program'.
A resounding 84% of the participants agreed that a well-executed employee engagement program will improve a company's financial bottom-line.
Get with the program
"The latest feedback from these business professionals is further evidence that if you don't have a formal engagement program, you're not 'with the program,'" said Andy Parsley, the director of Green Lion Insights and Solutions, an employee engagement consultancy.
Because of the clear and tangible benefits an employee engagement program can bring to global organizations, 59% of the participants said that employee engagement is increasingly a hot topic of discussion within the C-suite, gaining that all-important executive "mind share" within their companies.
Align your program with the mission
Despite the fact that 41 of participants don’t believe employee engagement programs are getting much interest at the executive level, 90% of participants say that a strategic recognition program – one that's strongly aligned with their company's mission and values – can play an important role in a successful engagement strategy.
In today’s competitive global economy, getting more discretionary effort from employees is the key to business success.
"Through the work we've been doing with some of the world's largest, global Fortune 500 corporations, we now have solid evidence that employee recognition is in fact the 'tipping point' to an overall successful employee engagement strategy," said Eric Mosley, CEO of Globoforce.
"It’s quite simple: in today's competitive global economy, getting more discretionary effort from employees is the key to business success, and a strategic and well-executed employee recognition program is now a 'must-have' for achieving that success," Mosley said.
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