#65: The Engagement Imperative

The One Minute For: Research Findings, Expert Interview, Practical Steps

IN TODAY’S EPISODE 👀 

Audio Version of This Episode

4:40

Audio: #EPISODE 65

 

THE ONE MINUTE TO GET INSIGHTS 

The High Cost of Low Employee Commitment

1:12

Audio: #EPISODE 65-1

Gallup's State of the Global Workplace report provides a comprehensive overview of employee engagement worldwide. According to their research, low involvement costs the global economy $8.9 trillion, or 9% of global GDP.

Here are three key insights from Gallup's research:

Insight 1. Better job markets reduce employee misery but don't necessarily increase engagement.

In countries with better job markets, fewer workers are actively disengaged since they have more opportunities to leave bad jobs. However, these conditions mostly shift employees from active disengagement to indifference rather than high engagement.

Insight 2. Employee engagement is a critical predictor of business performance during challenging times.

During economic downturns, engaged employees are more resilient and committed, leading to better business performance. They double down on their efforts, while indifferent workers feel powerless. Higher engagement levels correlate with lower turnover and higher profitability.

 

THE ONE MINUTE OF EXPERT VOICE 🎙

Connecting with Gen Z in the Hybrid Workplace

1:12

Audio: #EPISODE 65-2

Crystal Boysen, Chief People Officer at Vimeo, shares her expertise on building a sense of connection in hybrid and flexible work environments. She discusses fostering connection with the incoming Gen Z workforce and how leveraging video can enhance communication and engagement.

About Connection:

"Engagement to me, in the simplest form, is the connection that we create with our employees. It's about capturing not only their minds but also their hearts. It's the connection that goes both ways—their connection to the company and to what we stand for, and our connection with each one of them as human beings."

About Gen Z:

"Gen Z has one of the lowest engagement rates across any working generation, but they're quickly becoming a large part of our workforce. They want career growth opportunities, to feel cared for at work, and to be acknowledged as whole human beings. It's crucial to listen to their needs and adjust our programs to meet them…"

 

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LET’S PRACTICE 🧪

Enhancing Workforce Engagement

1:21

Audio: #EPISODE 65-3

With the rise of hybrid and remote work, employee engagement has become a critical concern. Low engagement levels can negatively impact productivity, innovation, and retention, making it essential for companies to address these issues. Here are strategies leaders can implement to boost engagement and foster a positive work environment.

How to Do It

1. Connect Purpose and Clear Expectations.

Inspire your team by sharing the organization's big picture and how their contributions make an impact. Set clear performance expectations, linking individual efforts to broader goals. Ensure everyone understands their role in the organization's mission, helping to align daily tasks with the company's objectives.

2. Provide Meaningful Work and Growth Opportunities.

Align tasks with each person's skills and interests. Offer opportunities for learning and development, encouraging growth within the company. When team members engage in work they find meaningful and see clear paths for career advancement, it enhances their motivation and satisfaction.

3. Offer Choice and Control.

Provide flexibility and autonomy in decision-making. Allow individuals to choose where and when they work, within set guidelines. Empowering people with control over their work schedule and environment can lead to increased job satisfaction and a sense of ownership over their tasks.

 

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