The financial impact of this lack of engagement is very real. Take a quick stroll through a corporate office or spend some time with a project management team for example, and the effects will become very clear
Toronto, ON (PRWEB) September 5, 2008
Understanding what makes your employees tick and making them fully-engaged with the organization is getting undeniably important in these challenging economic times.
The benefits of boosting employee engagement are clear:
- Data from Best Buy shows that stores where employee engagement increased by a tenth of a point (on a five-point scale) experienced a $100,000 increase in annual sales.
- JC Penney has found that stores with top-quartile engagement scores generate roughly 10% more in sales per square foot than average and 36% more operating income than similar-sized stores in the lowest quartile.
These statistics are in addition to an RBC survey conducted in November 2007 that says that 18% of Canadians find their workplace outright depressing and another 15% are completely bored at work. It’s clear Canadian employers are facing lower levels of employee engagement in an increasingly competitive and global “war for talent”.
In January 2008 The Beacon Group launched an enhanced Employee Survey (ES) web-based tool that can be easily and effectively deployed at small and mid-sized businesses to combat the growing trend of burnt out and disengaged employees.
“Businesses are particularly vulnerable to lower employee engagement during downturns because there may be a lot of uncertainty,” said Michael Sitayeb, Director of Product Development & Marketing at The Beacon Group. “The financial impact of this lack of engagement is very real. Take a quick stroll through a corporate office or spend some time with a project management team for example, and the effects will become very clear”.
“Employee Surveys help dramatically in spotting these trends,” he added.
Employee Surveys have long proven to be an essential tool of good business management and a critical means of measuring the ongoing effectiveness of an organization’s policies, practices and programs. In addition, when gathering sensitive and confidential feedback it is important to get honest opinions by ensuring that employees have confidence that their inputs are being handled by an outside party charged with maintaining their personal confidentiality.
The Beacon Group survey process includes survey questions that range from topics on general work environment, management, compensation issues and other matters. The administration requirements are assessed and the necessary information is gathered in order to manage the survey from start to finish, providing a written report, analysis and a presentation of the results and any necessary follow-up.
Companies across various industries have used The Beacon Group’s assessment products and advising services to leverage their investment in Human Capital. The Beacon Group specializes in Employee Surveys, 360 Feedback Assessments, Early Talent Identification (ETI), Management Training and Performance Management Systems. Clients including Mercedes-Benz, McDonald’s, Xerox, Sony and SAP have used The Beacon Group’s services to grow their thriving businesses.
For more information or media inquiries on the web-based Employee Survey (ES) tool, contact Michael Sitayeb at 1-866-240-3948 or msitayeb @ thebeacongroup.ca
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.