What Is Employee Engagement And How Does It Impact Success?

When you own a business, your employees are your most valuable asset.

When you own a business, your employees are your most valuable asset. Replacing their wealth of knowledge and years of experience is incredibly difficult, and without your team, your business simply wouldn’t operate the way it does now. For this reason, it is crucial to ensure your employees are engaged and it is fair to say that employee engagement is essential to ongoing business success.

In 2021, around 65% of employees worldwide felt engaged in their work. Whilst this figure isn’t too concerning, it is a 3% decrease from 2020 and if engagement rates continue to decline then businesses will experience a number of problems. Below we have looked into the importance of employee engagement in more detail and listed a few ways you can boost engagement.

What is employee engagement?

It’s a huge misconception that employee engagement is the same thing as employee satisfaction, but this isn’t the case. An engaged employee is different to a satisfied employee and they are more than just content with their job role.

Employee engagement refers to how passionate an employee is about their job and the company they work for. Engaged employees will be enthusiastic about their work and committed to helping a company meet its goals. They will go above and beyond on a day-to-day basis and be motivated to perform at their best.

There are different ways to measure employee engagement and get an insight into how engaged your team members are. Commonly, companies will use employee engagement surveys to measure engagement and they are a great way to get some honest feedback from your team whilst learning more about how engaged they are.

Why is employee engagement important?

Regardless of how long your business has been operating and how many employees you have, engagement is always important. If your team is disengaged, they won’t care about their work or your company and they can even negatively impact your reputation. On the contrary, engaged employees will support your success and be devoted to your company.

Having engaged employees can have a direct impact on your bottom line. Not only will their productivity increase profitability, but an engaged team will be more likely to stay at your company. Reducing your turnover rates can save you a considerable amount of money and you won’t have the hassle of frequently training new employees either. Employee engagement can improve customer satisfaction and retention too, and your company is more likely to flourish when you have a dedicated team of engaged employees.

How do you boost employee engagement?

There are several ways you can improve employee engagement and sometimes, the smallest changes can have the biggest impact. For example, making a conscious effort to recognise hard work and praise employees can help to make them feel valued. Implementing a rewards programme can be incredibly effective too and not only will this help to keep your team motivated, but it will also increase engagement levels.

You may not be surprised to hear that your office space affects employee engagement too. The physical work environment has a huge impact on the overall working experience and when your team has a positive experience, they’re more likely to be engaged. In addition to ensuring your employees have everything they need to work efficiently, you should invest in them and provide them with additional facilities to use. When you rent a premium office space that is design-led and your team has access to facilities like breakout spaces and on-site gyms, you’re likely to see an increase in employee engagement.

Good communication is also key for employee engagement and when your employees feel as though they’re being left in the dark, they won’t be as connected to your company. Keeping your team in the loop and regularly updating them with any relevant information about business growth or changes can be beneficial. Similarly, regularly checking in with your team and encouraging them to voice their thoughts and concerns can impact engagement, as long as you truly listen to their opinions and take them on board.

A couple of other things that can help to improve employee engagement are providing development opportunities and improving work-life balance. When there are career opportunities within your company and you offer training and coaching in the workplace, you will be showing your employees that you believe in them. This will not only encourage them to stay with your company, but it will make them more engaged. Implementing flexible work arrangements and insisting your team doesn’t work outside of their contracted hours can help them to have a better balance too. This will have a knock-on effect on both productivity and engagement.

Renting central premium London office space

If you’ve been considering moving office space for a while and you think that doing so could positively impact your employee engagement, get in touch with our team at One Avenue. We provide fully furnished and flexible office spaces in central London and we can help you to find the perfect workspace for your company. All of our London locations are ideally situated to support business success and we break the mould with the quality of our buildings.

Our experienced team will get under the skin of your company, enabling us to recommend the best central premium London office space for you. We understand how important it is to have a work environment in which your company can thrive and we will customise your private office to suit your culture. Should you wish to find out more about One Avenue and the workspace solutions we offer, explore the rest of our website today.

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