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Employee Engagement and Valuation (VV).pdf

Impact of Employee Engagement and Valuation on Organizational Performance

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Employee Engagement
and Valuation
Vandana Verma
Agenda
❑ Impact of employee engagement and valuation on organizational
performance and its significance in driving organizational success
❑ Strategies to enhance employee engagement
❑ Methods or metrics for employee valuation
❑ How to measure and evaluate employee engagement
❑ Potential challenges or limitations
❑ Specific responsibilities of HR and leadership
Employee Engagement and Valuation 2
Employee Engagement and Valuation
Employee Engagement refers to the emotional commitment and
connection that employees have towards their organization. Engaged
employees are not just satisfied with their jobs; they are motivated,
enthusiastic, and invested in the success of the company.
Employee Valuation is the process of recognizing and appreciating the
contributions of employees within an organization. It involves acknowledging
and assessing the worth and significance of individual employees in terms of
their skills, efforts, and impact on the organization
Employee Engagement and Valuation 3
Impact of employee engagement
Source : https://www.gallup.com/workplace/321725/gallup-q12-meta-analysis-report.aspx?thank-you-report-form=1#ite-321731
Employee Engagement and Valuation 4
“Across companies, business/work units
scoring in the top half on employee
engagement more than double their odds of
success compared with those in the bottom
half.”
- The Relationship Between Engagement at Work and Organizational
Outcomes | October 2020 | Gallup
Establish clear
vision and purpose
– SMART Goals
Effective
Leadership –
Leading by
example,
Empowerment
Foster
transparent and
open
communication
Provide right
tools and Invest
in professional
development
Embrace failure,
Celebrate
success and
Recognize
employees
Boost inclusive
culture and
work-life
balance
Continuous
improvement –
experiment,
learn and adapt
Employee Engagement and Valuation 5
Strategies to enhance employee engagement
Methods or metrics for Employee valuation
❖ Key Performance Indicators (KPIs) – Eg: Sales targets, Revenue generation
❖ Quality of work – Error rate, Accuracy
❖ Goal Attainment – Alignment to objectives, % of goals achieved
❖ Team Collaboration – Performing as a team player
❖ Leadership and Management – Employee satisfaction under supervision, team performance
❖ Innovation and Initiative – Proactivity, Ideas generated
❖ Customer Satisfaction and Retention
❖ Adherence to policy
Employee Engagement and Valuation 6
Ad

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Employee Engagement and Valuation (VV).pdf

  • 2. Agenda ❑ Impact of employee engagement and valuation on organizational performance and its significance in driving organizational success ❑ Strategies to enhance employee engagement ❑ Methods or metrics for employee valuation ❑ How to measure and evaluate employee engagement ❑ Potential challenges or limitations ❑ Specific responsibilities of HR and leadership Employee Engagement and Valuation 2
  • 3. Employee Engagement and Valuation Employee Engagement refers to the emotional commitment and connection that employees have towards their organization. Engaged employees are not just satisfied with their jobs; they are motivated, enthusiastic, and invested in the success of the company. Employee Valuation is the process of recognizing and appreciating the contributions of employees within an organization. It involves acknowledging and assessing the worth and significance of individual employees in terms of their skills, efforts, and impact on the organization Employee Engagement and Valuation 3
  • 4. Impact of employee engagement Source : https://www.gallup.com/workplace/321725/gallup-q12-meta-analysis-report.aspx?thank-you-report-form=1#ite-321731 Employee Engagement and Valuation 4 “Across companies, business/work units scoring in the top half on employee engagement more than double their odds of success compared with those in the bottom half.” - The Relationship Between Engagement at Work and Organizational Outcomes | October 2020 | Gallup
  • 5. Establish clear vision and purpose – SMART Goals Effective Leadership – Leading by example, Empowerment Foster transparent and open communication Provide right tools and Invest in professional development Embrace failure, Celebrate success and Recognize employees Boost inclusive culture and work-life balance Continuous improvement – experiment, learn and adapt Employee Engagement and Valuation 5 Strategies to enhance employee engagement
  • 6. Methods or metrics for Employee valuation ❖ Key Performance Indicators (KPIs) – Eg: Sales targets, Revenue generation ❖ Quality of work – Error rate, Accuracy ❖ Goal Attainment – Alignment to objectives, % of goals achieved ❖ Team Collaboration – Performing as a team player ❖ Leadership and Management – Employee satisfaction under supervision, team performance ❖ Innovation and Initiative – Proactivity, Ideas generated ❖ Customer Satisfaction and Retention ❖ Adherence to policy Employee Engagement and Valuation 6
  • 7. ❖ Surveys and Questionnaires e.g. Net Promoter Score ❖ Focus Groups and Interviews ❖ Key Performance Indicators (KPIs) ❖ Attendance and Punctuality e.g. absenteeism ❖ Employee Retention rates e.g. turnover, exit interviews ❖ Employee engagement metrics e.g. training or event participation Most importantly, measure regularly, compare against benchmarks and take timely action Employee Engagement and Valuation 7 Measure and Evaluate Employee Engagement
  • 8. ❖ Ineffective communication could lead to uncertain outcomes ❖ Unsupportive leadership could result in low morale and lack of trust amongst employees ❖ Inadequate and unfair recognition ❖ Limited growth opportunities ❖ Limited frequency of feedback ❖ Resistance to Change ❖ Hostile workplace culture ❖ Neglecting employee feedback Employee Engagement and Valuation 8 Potential challenges or limitations
  • 9. Responsibilities of HR and Leadership team Leaders are role model • Set clear vision and objectives • Recognize employee contributions • Coach and provide regular feedback • Encourage innovation • Invest in employee personal development • Timely action on feedback • Recognize work life balance • Foster inclusive work culture HR team enables • Recruit talent fitting skills and culture • Develop and execute employee engagement programs • Establish effective communication channels to inform as well as gather feedback • Support training and development needs • Support performance management • Implement policies boosting diverse yet inclusive culture • Perform regular pulse check of workplace Employee Engagement and Valuation 9 Both Leadership and HR team work as a tag team towards employee engagement