Employee engagement is more than just a buzzword; it’s a critical component of organizational success. In fact, research from Gallup reveals that top-quartile business units, which excel in employee engagement, achieve 23% higher profitability compared to those in the bottom quartile. Engaged teams experience less absenteeism, lower turnover, and increased productivity, contributing to better overall performance.
Building High-Performance Teams: 7 Potent Strategies for Long-Term Employee Retention
As the demand for top talent increases, the challenge of employee retention becomes even more pressing. It’s not just about offering competitive salaries, perks, or remote work options – though those are obviously important. Retaining talent comes from creating an environment where people feel valued, supported, and motivated to stay for the long term.