These 5 tips will keep your team happy, challenged, and invested in the work they do, which means they will stay longer, work harder, and improve the office vibe.
One of the biggest factors affecting retention rates is engagement--how happy and satisfied an employee is with his or her work. Engagement is particularly important to millennial workers, a rapidly growing segment of the nation's workforce. According to research from www.gallup.com, 70 percent of U.S. employees are not engaged. That's troubling, because the same research shows that retention significantly affects everything from quality of work to employee turnover. No one can afford to invest in onboarding someone who quickly leaves the company. A recent study estimates that it costs between $15,000 and $25,000 to replace a millennial employee. Luckily, taking the right steps to improve employee engagement can benefit your business as much as your team. Here's what to focus on. Based on the results of its annual Survey of the American Workplace, Insightlink Communications identified a number of steps to maximize job satisfaction and engagement.