Making good hiring decisions is the first step towards building a strong workforce that your organization can count on. However, once you get them in the door, you have to keep working to foster employee engagement, so they remain satisfied with their jobs and committed to your company.
Disengaged employees have high levels of turnover, lack productivity, and are genuinely unsatisfied with their jobs. Not only can this be detrimental to morale, it can also have a major impact on a company’s bottom line. In fact, a Gallup survey noted that the lost productivity from disengaged employees costs the U.S. economy $370 billion per year.
Benefits of Talent Management
Still not sure if you’re ready to invest in a talent management strategy? Learn more about the benefits this approach can bring to your organization:
- Higher Retention Rates: Companies that invest in their employees enjoy higher retention rates than those that do not, as people don’t often look for new jobs when they’re highly satisfied with the one they have.
- Greater Job Satisfaction: People want to feel like a valued and respected member of the team. Devoting resources to improving employee engagement shows workers that you consider them part of the company’s future.
- Improved Performance: Employees who have been with the company for years and truly enjoy their jobs are willing and able to perform at the highest level. These individuals are essential to the success of every company, as their in-depth knowledge and lasting dedication allows them to produce work that can catapult the organization ahead of its competition.
While many companies fail to invest in employee engagement programs due to financial concerns, it’s actually much more cost-effective to devote resources to creating a comprehensive talent management strategy, than to replace unhappy employees who leave the company.
An organization is going to have to spend money to replace unsatisfied workers, so why not invest in current employees instead, monumentally raising employee engagement numbers?
If you’re ready to improve employee engagement by creating a robust talent management strategy, contact TalentBridge. We strongly believe a company is only as good as its people. We’re here to help you build a team filled with employees who can take your organization to the next level.
The Talent Bridge Companies include Talent Bridge Professional Staffing and Search, Bradford Management Group, Talent Bridge HR Advisory. Talent Bridge is the only organization in Charlotte offering high level executive search, diversity recruiting, professional and project staffing, outplacement services and employee and team development. If you want to advance your career or find business solutions that reduce costs, increase productivity and help you hire better, please contact our experienced team today!