Tuesday 8 January 2013
Employers need to review their engagement strategies in order to drive performance and business growth, it has been claimed.
Hay Group Insight argued that improvements in this area are needed to boost organisational productivity and performance.
Ben Hubbard, director for Europe at the firm, said high performing companies are using their engagement and enablement strategies to gain a competitive edge over their peers.
"The result today is an employee engagement gap of over ten points between top and average performing companies," he stated,
"For the winners this creates a virtuous cycle of performance as they secure and retain the best talent – for the losers a major risk to their sustained performance."
Mr Hubbard said that with engagement and enablement levels in the UK "lagging many of our major economic competitors" now is the time for leaders to place employee engagement at the top of the agenda.
According to the Chartered Institute of Personnel and Development, employers want engaged employees "because they deliver improved business performance".
"When employers deliver on their commitments - when by their actions they fulfil employees’ expectations - they reinforce employees’ sense of fairness and trust in the organisation and generate a positive psychological contract," the HR body stated.
Posted by Sarah Parish