Only 30% of employees are engaged at work. In today’s competitive marketplace, recruiting and retraining talent can be an expensive problem with turnover costs ranging between $25,000 and $150,000 per departure.
But, for savvy, forward-thinking organizations there is ample opportunity to build and keep all-star teams.
Promoting a coaching culture will raise employee engagement and your bottom line. Start by implementing these four best practices of employee engagement:
A 2016 Gallup report shows that how employees feel is essential to increasing business outcomes. Surveying 1.8 million employees in 73 countries, Gallup also found engagement was low across most industries and business types.
Understanding that only three in 10 members of your team feel valued, motivated and set up for success should be a catalyst for change. The good news is that structured and supported onboarding, goal setting, coaching and work-life integration will build engagement and your bottom line.
Employees excel when companies:
- Foster learning and development
- Set meaningful goals and clarify expectations
- Provide effective tools and technology that facilitate success
- Acknowledge successes and setbacks
- Recognize effort and hard work
- Create opportunities to maximize individual strengths and talents
- Demonstrate care and concern for individuals
Coach Simple offers best practices that raise employee engagement in your organization and empower your professionals to achieve the highest level of success. These include:
- Onboarding: Avoid “Hire and Hope”
- Goal Setting: Don’t “Set It and Forget It”
- Coaching: Manage with a Coaching Mindset
- Integrating: Work in Life and Life at Work