EMPLOYEEENGAGEMENT
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17-Oct-2014 -
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Transcript of EMPLOYEEENGAGEMENT
Profitable PersonnelSpecialists in employee performance and selection
www.profitablepersonnel.com
(08) 9404 6027
What is employee engagement/ disengagement?
“Engagement is defined as apositive, enthusiastic, and affective connectionwith work that motivates an employee to investin getting the job done, not just “well” but “with
excellence.” *
* 21st Century Multi Generational Workforce
Why employees are not engaged ?
Key performance indicators unclear
Work conditions not conducive to productivity
Training/development not applicable
No career path
No voice or input into role/objectives
Employee disengagement means…
Reduced competitive advantage
Higher Costs Lower productivity
Reduced Profits
Higher staff turnover More sick days and stress leave
The cost of disengagement ……
Disengagement is costing Australian companies over $33 Billion a year *
* Gallup Biannual Poll of Australian workers 2008
The cost of disengagement to you……
21% of Australian employees are disengaged *
That amounts to over 1/5 of your salary cost being paid to staff who are not working in the interest of the organisation * Gallup Biannual Poll of Australian workers 2008
The cost of disengagement to you……
A disengaged employee costs a company $3400 for every $10,000 of their salary per annum.
That’s $20,400 in wasted salary for a $60,000 per year
position
The cost of disengagement adds up……
70% of disengaged staff will leave within a 12 month period
It costs between 30% and 150% of their salary
to replace them (recruitment costs,
training new staff, lost IP etc)
Employee Satisfaction and Engagement
Drives Employee and Company
Performance
Employee engagement means…
38% above average productivity
50% higher sales 50% higher customer loyalty
27% higher profits
Disengagement means lost $$$
* Reference from Terryberry
So how do you know if your staff are engaged?
Profitable Personnel's unique Engagement Survey allows you to;
1. Identify who is engaged and who is not
2. Identify the causes of the disengagement
3. Identify the true costs of disengagement to your company by analysing profitability and performance ratio
4. Identifies the actions required to increase engagement, improve productivity and your profitability
The engagement survey helps by;
1. Allowing you to focus your attention on the areas that require change so you can get immediate result.
2. Allows you to focus your attention on the individuals who are disengaged and the ones who are potentially causing the disengagement with their behaviour, to reduce staff turnover
3. Identifies areas where productivity may be reduced, which is increasing your costs and reducing your profitability
4. Provides you with clear recommendations and an action plan that is followed will allow you to reduce your costs and increase productivity saving you $$$
What is Our Engagement Financial Audit?
This is an audit that looks at your company information and compares it to industry research and key statistics to show you the potential cost of staff disengagement on your business
What our clients say :What our clients say
Since engaging PROFITABLE PERSONNEL services18 months ago, the profitability of my company has increased substantially.
Profitable personnel's professional and thorough service
and continued monitoring of my employees has resulted in all staff being more engaged.
We are now well above target to reach our goal of less than 10% staff turnover per annum, thanks to profitable personnel.
Mike AyrisManaging directorDownhole Surveys
“The survey validated objectively what I already know and allowed me to focus my energy on the areas and individuals
that really needed improving”
Carol PearceGeneral ManagerFerguson Seacabs
“In the end, all business operations can be reduced to three words: people, product and profits. Unless you've got a good team, you can't do much with the other two.”
Lee Lacocca
Contact Us
Dean Keating
Business Development Manager
Mobile: 0415 534204
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“70% of businesses fail due to the owner not recognizing weaknesses in the business and not seeking help”
Murray Priestly, The Business Autopilot programme