Jobs are more secure but employees are no more motivated
The Conservative party stampeded to victory in the recent generation on the back of their ‘long-term economic plan’ and the steady recovery of the UK job market. However, while job security reflects this, employee engagement with their jobs remains low.
The 2015 Edenred-Ipsos Barometer found that two thirds of UK employees have high levels of confidence in their company’s future, and the number of people with concerns about keeping their job fell to the lowest level since 2012 (26% from 35%).
However, the 2015 Employee engagement: how British business measures up survey, commissioned by incentive and reward experts, Red Letter Days for Business, has revealed that under half (48%) of UK staff are even moderately engaged at work, while 16% claim to have little or no engagement.
The report shows that employees engage most highly with managers who encourage their development and let them grow, as caring for them and listening to their opinions.
Of equal importance in motivating and engaging staff is praise and recognition of a good performance. Red Letter Days’ research revealed that just 18% of all employees received a verbal thank you from their manager in the last 12 months – despite the figures showing that 80% of highly engaged employees are also motivated through reward or recognition for work well done.
The 2015 Edenred-Ipsos Barometer supported these figures, showing that the UK has one of the lowest rates of employee engagement in Europe, and exposing the fact that less than half (43%) of respondents said they were happy with the quality of life at work.
Bill Alexander, CEO of Red Letter Days for Business, commented, “Staff who feel valued, involved and recognised are more likely to be highly engaged. Just a small increase will have an impact on productivity, which in turn will have a huge impact on our economy.”
“Too many businesses aren’t succeeding on engagement because they’re following a textbook approach. Companies getting it right are doing elements outside of the textbook; they’re adding colour to their employee campaigns and enriching their lives – in fact, they’re making their employees’ lives better. These companies support staff to master skills inside and outside of work, implement staff ideas and reward staff with prizes they wouldn’t get to do every day.”
“Any business can get on the road to solving engagement issues. My advice would be, look after your staff and they’ll look after everything else.”
To hear about how you can motivate and engage your employees - whatever their needs, age or life staff - come along to Making Reward Personal, taking place in London on Thursday 9th July. CLICK HERE FOR MORE DETAILS