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Empowerment and engagement…

Two great words for your team members to thrive!  But here are some more ideas for employers to double check with their company mission.

According to Gallup’s State of the Global Workplace report, ENGAGED EMPLOYEES are more likely to stay with their organization, leading to lower turnover rates and higher productivity.

Growth Opportunities:

A study published in the Journal of Leadership & Organizational Studies found that providing opportunities for career development and advancement is linked to higher levels of employee engagement and job satisfaction.

Recognition and Rewards:

Research from the Harvard Business Review shows that recognizing and rewarding employees for their contributions can significantly increase their motivation and engagement levels.

Work-Life Balance:

The World Health Organization (WHO) emphasizes the importance of work-life balance in maintaining employee well-being and preventing burnout, which can impact o engagement and productivity.

Financial Wellness Programs:

A study by PricewaterhouseCoopers (PwC) found that employees who participate in financial wellness programs are more engaged, less stressed about their finances, and more focused at work.

Team Building:

Research published in the Journal of Applied Psychology suggests that effective team-building activities improve team cohesion, communication, and overall performance, leading to higher levels of engagement.

Constructive Feedback:

A study by Zenger/Folkman found that employees who receive regular feedback and coaching are more engaged and motivated to improve their performance compared to those who receive less feedback.

Empowerment and Trust:

The Society for Human Resource Management (SHRM) highlights the positive impact of empowering employees and fostering a culture of trust on engagement, job satisfaction, and organizational success.

Transparent Communication:

According to a survey by Edelman, employees value transparent communication from leadership, which enhances trust, engagement, and alignment with the company’s goals and values.

Competitive Benefits:

The Employee Benefits Research Institute (EBRI) reports that competitive benefits packages, including healthcare, retirement plans, and other perks, contribute to higher employee satisfaction and engagement.

These studies and sources provide empirical evidence supporting the effectiveness of the strategies outlined in increasing employee engagement and overall workplace satisfaction.

How many boxes do you check?

If your compensation package doesn’t include financial wellness, I’d like to discuss what Power in the
Paycheck™ Workplace Financial Coaching for Employees can do for you and your team. Book a free overview today!