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January 2008

January 10, 2008

Employee Engagement leads to Bottom Line Results-- Part 1

Employee engagement drives business results.  When employees are engaged, they stick around.  When they are not engaged, they leave or will leave if an opportunity presents itself. 

The cost of voluntary employee turnover is very high when you consider the following impacts:

1.  Employee morale is affected.

2.  When top people leave and join competitors there is a great chance they will attract their peers to join them in the new endeavor. One person walking out can lead to several over time.

3.  All of the energy put towards hiring new people could be directed at more profitable initiatives. 

4.  If reasons are unknown for departure it could be several months or years meaning many lost people. 

5.  The changing workforce is shrinking the number of available people for jobs.  If we have to constantly replace people year after year and there are less people available we will be forced to hire lower performers just to fill open positions. 

Now that we have reviewed the costs--let's review the benefits of having engaged employees:

1.  Employee engagement drives business results. 

2.  Client feedback says engaged employees are better to have working for them. 

3.  An engaged employee will go the extra mile.   

4.  Engaged employees are happier and create a motivated culture.

5.  Engaged employees stick around.

Is Everything BIG in Texas?

I landed in Dallas yesterday and the first thing I noticed on the descent were BIG churches.  As I drove from the airport to my hotel I noticed the restaurants and businesses I passed had BIG signs.  I went out to dinner in Fort Worth at the Stockyards and ate a BIG steak. 

It only seems fitting that today I am at a conference where I was fortunate to hear Susan Ershler speak.  Susan shared her amazing story of conquering the 7 BIGGEST mountains in the world with her final summit being Everest.  At the time she was training for Everest she was also working towards a $300 Million sales goal at work. 

Someone in the audience asked Susan what was the 1 thing that she did that translated to her conquering both of these BIG climbing and BIG sales goals.  She responded by saying the #1 thing was VISION.  Her vision of her summit and achieving the sales goal was clear in her mind long before they actually occured.

It is already January the 10th so have you set a clear vision for the BIG goals you will accomplish?  If you have, is it written down?  Do you have a plan to get there?  Is your team ready? 

Lets go out and get those BIG goals in 2008!

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