In today’s IT marketplace, attracting top talent is highly competitive and constantly changing. Once talent has been employed, maintaining and retaining those key employees is essential to departmental success, and even presents challenges of its own.
Our new white paper, “What Startups Can Teach Us About Employee Engagement,” examines how tech startups have changed the landscape of workplace culture and what businesses of all sizes can apply to their employee engagement strategy.
Why Does Employee Engagement Matter?
To begin to understand the importance of employee engagement, one must first be able to distinguish between engaged and unengaged employees. For starters, engaged employees are those who are involved in, enthusiastic about, and committed to their work. Conversely, unengaged employees are emotionally disconnected from their companies and may actually be working against their employers’ interests.
Employee engagement matters because it can have a significant impact on your company’s bottom line. According to Gallup’s latest State of the American Workplace study, it’s estimated that active employee disengagement costs the U.S. an estimated $450 billion to $550 billion per year.
On the positive side, companies with actively engaged employees are noting the following benefits:
- Significantly higher productivity, profitability and customer ratings
- Better employee retention
- Reduced absenteeism
- Fewer safety incidents
The Startup Influence
In the tech sector, Startups are winning in employee engagement with their out-of-the-box approach. Our whitepaper details the following startup strategies and why they’re successful:
- Start With a Winning Culture
- Create a Culture of Accountability
- Make the Workplace a Place Where People Want to Work
- Encourage Employees to Wear Multiple Hats
- Take an Innovative Approach to Recruiting
- Recognize Successes
Startup State of Mind
At Modis, we’re dedicating to developing exceptional connections between employers and candidates before and after the placement. Implementing changes within a department or an organization can present many challenges. Our white paper aims to inspire that change and help navigate those challenges. Download it here.