Employee engagement should really be your top priority.
It will have such a long lasting benefit for your company. Employee engagement is actually quite easy to be honest, because it’s mostly common sense. It really just boils down to treating people with respect, and making sure you create the type of atmosphere to allow for innovation.
The tools that you use to create your culture might vary for your situation, but the best piece of advice I can give is keep it simple. Give employees what they want, because if you don’t, it can be disastrous.
Employees will leave you, customers will start to drop off, and your business will flat line. I’m not exaggerating; I’ve seen it happen before.
The way to do employee engagement properly is to invest in it. Make sure that you are doing team building activities at work and that you allow all employees to have a voice. Let them submit ideas and suggest new ways of working, they know more than you think.
Here are 10 risks of not making company culture your top priority.
1. Loss of talent
There’s an old expression that goes “you don’t know what you’ve got ‘till it’s gone”, and if you treat your employees poorly, they will leave you. It only makes sense. There are tons of jobs out there, and if this person is truly talented, they shouldn’t have too much trouble finding a new one. When you lose this talent, you won’t realize how much has been lost until they’re gone.
2. Angry customers
When you have disengaged employees, they won’t have any incentive to treat your customers with respect. They won’t feel any connection to the business, so it won’t make much of a difference to them if your customers are happy. It will make a huge difference to you, but not really to them.
3. Loss of productivity
Employees that aren’t engaged simply don’t care enough to try hard. This will send your productivity down the drain. Nothing will get done, and you’ll wonder why your employees aren’t working hard enough.
4. Loss of money
This one seems obvious, but it’s important to recognize that this will happen. When your productivity goes down, and your customers aren’t happy, and your company isn’t innovating, you won’t be making any new revenue. In fact, you’ll be losing money, since it costs money to keep the lights on.
5. Will be beaten by competition
Again, if you’re not innovating, and not actively engaged in making your company better, you will suffer, because your competition is for sure innovating more than you are. It’s a race, and your disengaged employees will be keeping you behind.
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6. Won’t be able to attract new talent
Once your talent starts leaving you, you’ll probably need to replace them. If you don’t have a good company culture, why would anyone want to come work for you? If you don’t invest in your culture, you’ll have a very hard time attracting new talent into the door.
7. Employees won’t trust you
You have to think about your company as a family. And in any relationship, trust is the key. How do you expect your employees to work hard for you if they don’t trust you? They won’t trust you because of the things that you do make it a bad culture. You probably hold closed-door meetings, you talk about employees behind their back, and most importantly, you don’t trust them, so there’s no way they’ll trust you.
8. No innovation
Your company (and revenues) will flat-line. It takes engaged, excited employees who want to innovate and grow your company. If you don’t invest in your culture, there simply will be no innovation.
9. No respect from investors
This is an interesting one, and a risk that many don’t think of. If you ever try and raise money from investors, it won’t take the investor very long to figure out that there’s something seriously wrong with the company.
If you don’t invest in your culture, you’ll have an extremely difficult time raising money to grow your businessSee how we help motivate employees
10. No one will be happy
The last risk is that everyone’s happiness (including yours) will suffer. We spend most of lives at work, so why not do everything in our power to make it as pleasant as possible, so that we’re all as happy as possible?
Helping your employees stay as engaged as possible
Finding and implementing methods of keeping your employees more engaged can really help your business succeed. Staff who feel motivated and rewarded will want to stay with your business and do what they can to take your business further. Employee recognition schemes are a fantastic way to show staff you value their efforts. Our employee recognition schemes are:
Easy to implement – Because our recognition schemes are so easy to set up, there’s no hassle involved before you can start rewarding your employees. We also tailor each scheme to your specific business and needs.
Easy to use – Rewarding the hard work and successes of your staff is easy with our employee recognition schemes. This makes it the perfect way to better create a loyal, motivated, and high-performing team.
Easy to manage – Thanks to the inclusion of real-time reporting tools, you can easily track staff performance to better highlight your best performing staff and reward them appropriately. We offer a broad range of rewards in our catalogue to ensure there’s something for everyone
We’d love to help you engage, motivate and inspire your team with our innovative Employee Recognition services. To speak to a member of our award-winning team:
Or visit the contact us page to make a quick online enquiry to find out how to drive your business performance today.