Pay transparency: A new tool to boost employee engagement
For many companies, discussing salaries has always been taboo. Some firms even required new hires to sign an agreement swearing they wouldn’t disclose their pay to co-workers. This “loose lips sink ships” approach is largely illegal, of course: Employees are generally free to talk about pay rates as part of their rights under the National Labor Relations Act.
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Keep Your Employees Wanting to Stay
Worker turnover is one of the biggest issues confronting any smaller business. The Wall Street Journal estimates that it is more than twice the sum of the employee’s pay to deal with each instance of turnover.
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How to prepare your business and its employees for an employee engagement survey
A successful employee engagement survey starts with good internal communication. How you let staff know a survey is coming has a huge impact on the outcome – whether employees decide to fill it in and whether they provide honest feedback. So it’s important to get it right.
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Leveraging Employee Engagement
It first started by targeting individual homes and slowly penetrated the corporate market. In the initial years, the performance of the company was good. Customers were not only happy with the product quality, but also with the after sales service. The most important aspect of this company was the quality of work life. Employees were treated as assets. As a startup, it gave ample facilities to its employees to keep them happy. As a result of this, the performance of the employees was outstanding. The market share was high and employees were highly committed. This created a healthy organizational culture and scope for organizational learning for the employees.
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10 Shocking Stats on Employee Disengagement
ompanies spend more than $100 billion every year trying to improve employee engagement in the workplace. Despite their efforts, employee engagement numbers remain under 35 percent. It’s vital for employers to understand the role employee disengagement plays in overall business success. Here’s a look at ten shocking stats on employee disengagement.
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