According to a recent survey on employee engagement, in comparison with unproductive employees, engaged employees perform 27 percent better and 89 percent better on innovation. Besides, an engaged workforce stays 79 percent more committed to the company. So, ensuring employee engagement and happiness is acutely vital for every company out there.
We are living in an increasingly challenging global market. And, the adaptability of organizations to find new ways to reward excellent work and attract new talent will continue to be crucial for sustaining innovation and growth.
Fortunately, today businesses have an option to rely on one of the best HR software India has. Such systems precisely tell them whether the performance of their employees has been good or bad with in-depth analysis of their execution of daily, weekly, monthly, and annual work priorities.
In this blog, we will tell you the step-to-step process to achieve greater employee engagement in the long run. Let’s dive in.
Implement An Efficient Performance Management System
First things first, having a proper performance management system is important. To have a robust performance management system, companies can consider automation and acquire HR software advantages. Human resources systems aid organizations in carrying out the performance management process easily and effectively. Apart from that, such systems also allow companies to gather data from multiple sources, including internal and external surveys, research reports, and more, which in turn help them evaluate what their people expect from the organization.
Profit.co’s performance management software offers these very benefits, enabling businesses to streamline their processes, gather insightful data, and manage performance more efficiently.
Rely On Accurate Insights
When employers will have accurate and authentic insights, they can do wonders. At the same time, it is important to acquire such vital information from the right sources.
Most importantly, impeccable transformation happens when companies switch from ratings-based systems to evaluating performance basis on an employee’s strengths and how well s/he have been leveraging those.
When an organization has the right data management practice, a well-defined employer brand, and accurate insights, it will have the base to build the Rewards and Recognition structure that attracts people, makes them stay and delivers their best each day.
Define Responsibilities
Companies with high success rates have one thing in common – they help their employees to clearly understand the behaviours and responsibilities that are key to the organization and its vision, mission, and goals.
Everything from improving customer relationships or guiding employees to expanding their managerial skills to fine-tuning critical processes, companies have a big responsibility of exchanging every small expectation with the employees.
Without any doubt, such a well-defined set of behaviours and responsibilities are crucial for a structurally strong rewards system.
Need to mention, employees that are part of a strong value-driven system do not worry about rewards and recognition and focus on Productivity. The reason is simple – they trust their leaders and the organization to reward them with something meaningful with their achievements.
Appreciate Constantly
Of late, business leaders and HRs have realized the importance of rewards and recognition to improve employee efficiency. In simpler words, just a pay-check and basic benefits will no longer suffice.
Every employee consciously strives to bring more to work than what is required in his or her role to elevate the performance to the next level. When they try to put their best foot forward, it becomes a company’s responsibility to reward and recognize them constantly. So, acknowledging and appreciating excellent performance and behavior is best done through simple expressions and statements. Sometimes an instant reply from the manager that reads “This idea is new and awesome” can boost the productivity of an employee more than waiting for an occasion to reward that idea.
In addition to this, showing a colleague, the manager, and everyone in a hierarchy that an employee from a particular team or span has done an excellent job is also an unmatched recognition. The employees feel more valued and wanted for their performance when something like that happens.
While spontaneous reward or recognition gives instant satisfaction, public recognition can make a long-term difference. Say, for example, writing a few words of appreciation with a few popular hashtags on social media can do wonders to an individual’s confidence and expose that individual to a large audience.
Various companies also reward employees in front of hundreds of people during their annual events, and they even mention examples of the recipient’s impact on the business to inspire others to get creative and make a difference.
Also Read: 6 Reasons Why Small Businesses Need an HR Software
Simply put, appreciating as well as acknowledging employees is crucial, be it spontaneous or public recognition.
So, these are some of the top ways companies can easily improve the productivity of their employees.
Follow the aforementioned steps and we bet you will see a difference in the overall performance levels of your workforce.
To take your performance management one step further, invest in one of the best HR software India has.