Increasing Employee Engagement in Perth Found to Double Net Income
PERTH, Australia, March 2014 – Australia is the ‘lucky country’. Unlike people in many other countries, most Australians have full-time work but how many of those employees can honestly say they love what they are doing? New research on the link between employee engagement and profitability shows that employers should be asking, “Are my employees happy at what they do?” and “Are they giving the company their best?”
The Kenexa Research Institute has studied the relationship between employee engagement and annual net income based on 64 organisations. After controlling for organisation size, the study shows that organisations with highly engaged employees achieve TWICE the annual net income of organisations with low employee engagement.*
Another Kenexa study involving 39 organisations found that those with high employee engagement show “seven times greater 5-year TSR” (Total Shareholder Return) when compared to organisations with lower levels of employee engagement.*
Perth human resources management specialist and a leader in increasing employee engagement in Perth, Yvonne Goold says, “Employee engagement is about finding out the strengths and challenges of each employee and using this information to ensure individuals are allocated tasks that engage them and increase their productivity. At the team-level, groups are created to match strengths and challenges and create a varied team that works well together. The entire workplace should be designed in this way to have employee engagement at the individual, team and workplace level and have a thriving community of people who all love what they do, take ownership of their roles, and work hard to meet organisational objectives.” www.transformingworkplaces.com
When employers consider how to increase employee engagement in Perth, Yvonne recommends looking at these aspects first:
- Leaders who inspire confidence in the future;
- Managers who respect and recognise employees;
- Exciting work employees know how to do; and
- Organisations that demonstrate a genuine responsibility to their employees.
Yvonne, a consultant at Transforming Workplaces, offers one-day workshops that use the Talent Dynamics Business Development Pathway to help companies identify and enhance their employee engagement practices. Companies participating in the one-day workshop typically see a $100k plus return within 6 -12 months of the workshop (sometimes even as early as one month later). Organisations that adopt these strategies typically see retention rates increase and a 20% increase in revenue within 6 months. Problem areas are identified and solutions are generated during the workshop. Yvonne says that when individuals are empowered to participate in organisational decisions in the way they are during this workshop and beyond, the results are astounding. www.transformingworkplaces.com
Transforming Workplaces, the Perth human resources management company, provides clients with a range of consulting services designed to help companies reach their potential. To find out more about how to increase employee engagement in Perth, visit www.transformingworkplaces.com.
- Contact Information
- Yvonne Goold
- Transforming Workplaces
- (1) 0402 241 925
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