The importance of building and rewarding employee engagement

Thursday, 03 November 2011 04:32

Make sure your staff feel motivated

Make sure your staff feel motivated

As the challenging financial climate has had a devastating effect on companies of all sizes and across all industries, it is perhaps unsurprising that staff morale for many firms has taken a hit. However, by building employee engagement levels you can work to ensure your team remain motivated.

Of course, if you have just had to make cost-cutting measures it can be hard to encourage staff to perform to the best of their abilities. Indeed, they may be inclined to look for jobs elsewhere or feel like the standard of work that they do simply does not matter. This can further compound any problems that your business is facing, whether it is in the shape of poor-quality products being made or high employee turnover rates.

It is for this reason that you should look to build motivation levels and reward people for their work. Doing so could help to put your company on the road to a brighter future and there are several ways in which this can be achieved.

Perhaps one of the best ways to improve staff motivation is by ensuring there are open channels of communication across all levels of a company, from frontline workers to board members. This can ensure that even junior members of your team have the opportunity to discuss how they feel about the organisation and put forward any concerns they have, so not only will they know that their views are important but they could also be aware that they can make a difference.

It's also worth considering providing schemes that reward staff for working hard. This can be a great way to encourage employees to perform to the best of their abilities and improve retention rates.

You may want to think about giving vouchers to a worker who has recently gone beyond the remit of their job description to provide a great service, as this could give other employees the kick-start they need to perform.

Alternatively, it is an idea to reward those who have given many years of loyal service with a token of your appreciation, while the likes of employee benefit schemes and online points systems can also help to cultivate motivation levels.

By making the effort to build and reward employee engagement, you can ensure your company is one that people feel proud to work for and are inclined to perform to the best of their capabilities.



blog comments powered by Disqus

Finance articles

  • Top 5 uses for employee incentive schemes

    A well-designed incentive scheme for employees is a good way to motivate staff and help your company move towards its goals. There are a number of different ways they can be used and, if you pick the right ones, you will find such programmes are a cost-effective way to improve performance.

  • Low cost ways to improve employee benefits schemes

    Opportunities to reward your workforce will be in short supply if your company has been hit by the recession. However, there are still some small steps you can take to improve employee benefits packages without putting too much financial strain on the business.

  • Why set up a staff retention scheme?

    Staff retention is an issue all companies have to deal with, as losing key workers is both expensive and disruptive. There are ways to reduce the number of employees who leave and not all of them will break the bank.

  • How should staff reward schemes be organised?

    With money tight in the current tough economic climate, companies are looking at alternatives to pay rises to keep their employees motivated. Among the options to consider are staff reward schemes that demonstrate to workers that they are valued by the business.

  • What do customers look for in a business?

    With many people finding it difficult to manage their finances in the tough economic climate, it is easy to assume that price is the only factor that can help attract the public to your business. However, you may be surprised to discover how important service is to customers.

View More Articles

Related stories

Forward Guidance: How will it affect savers and investors?

Mark Carney, the new Governor of the Bank of England

Pete Comley, author of 'The Plan To Deal With The Debts' gives his insight into the new central bank policy of forward guidance on interest rates and what it means for your money.

Auto-enrolment numbers hit one million after one year

Pensions Minister, Steve Webb

The number of employees now enrolled in an auto-enrolment pension has breached one million less than a year after the introduction of the government's flagship scheme.

Ofgem welcomes recommendations for energy industry transparency

Ofgem has supported a recent decision by the Select Committee

Ofgem has supported a recent decision by the energy and climate change Select Committee that the industry needs to be more transparent for consumers

Lending to small businesses at highest level for two years

New Bank of England figures paint a mixed picture for lending

Lending to SMEs grew at its fastest pace on record in June, but mortgage approvals for homes has fallen over the month, creating an overall mixed picture.

Student Finances: The top five student bank accounts for 2013

Managing your money as a student helps reduce your student debts

A-level results arrived this week and thousands of students are set to start university next month. Find out what are the best student bank accounts and how to manage your money.

A third more Scottish homeowners seeking debt help than in 2008

A third more Scottish homeowners seeking debt help

The proportion of Scottish homeowners getting help for debt problems has risen by a third int he past five years.

Welby vs Wonga as Church of England takes on Wonga

The Most Rev Justin Welby is taking on lender Wonga

The Archbishop of Canterbury has revealed that the Church of England is planning to force online lender Wonga out of business by competing against it.

Zero-hours contracts used mainly for lower paid workers

The majority of workers employed on zero-hours contracts are young

New research has found that is it mainly lower paid workers who are on zero-hours contracts as employers take advantage of the flexibility they give.

Newsletter sign up


In addition to the weekly newsletter, which areas of finance would you like to hear from us about:

Tick this box if you would like us to send you promotions from carefully selected third parties.

By signing-up you agree to the terms of use and privacy policy.

sign-up button

Get the latest information on: