1316: Thriving Together: Why Employee Engagement Is Non-Negotiable for Business Success by Michael Levitt of Breakfast Leadership

[00:00:00] This is Optimal Work Daily Episode 1316. Thriving Together, Why Employee Engagement

[00:00:06] is Non-negotiable for Business Success by Michael Levitt of BreakfastLeadership.com

[00:00:12] And I'm Dan, I am your host and narrator, and let's get right to it today as we get into this

[00:00:17] Wednesday episode and optimize your life. Thriving Together, Why Employee Engagement

[00:00:26] is Non-negotiable for Business Success by Michael Levitt of BreakfastLeadership.com

[00:00:31] One of the most crucial factors when determining work satisfaction is employee engagement. Today's

[00:00:37] workers are different from the typical 9-5 employees of the past. They desire a sense

[00:00:42] of belonging, involvement in their organization, and flexibility in schedules and locations.

[00:00:47] As a manager, you want to lead a team of engaged employees. And to do that,

[00:00:52] you also need to adapt to the growing needs of your workers. Employee engagement is not

[00:00:57] just a corporate buzzword. It significantly transforms how we run our business today.

[00:01:03] In this blog, we will discuss the benefits of employee engagement and how it is a non-negotiable

[00:01:08] strategy for business success. From increased job satisfaction to encouraging creativity,

[00:01:13] these benefits will change your perspective of what's achievable when you empower your

[00:01:18] employees. What is employee engagement? Employee engagement is when a person is fully

[00:01:24] absorbed by, and enthusiastic about, their work, and so takes positive action to further

[00:01:30] the organization's reputation and interests. Moreover, an engaged employee exhibits gratitude

[00:01:35] for the company and its principles. Alternatively, a disengaged worker could be somebody who coasts

[00:01:42] through work or does the bare minimum, or even someone who purposefully undermines

[00:01:46] the company's reputation and output. Employee engagement has also been synonymous with terms

[00:01:51] like employee experience and employee satisfaction, which are more about the complete

[00:01:56] employee journey from hiring to recognition to leaving the job. Benefits of employee engagement.

[00:02:03] Employee engagement is crucial because it significantly impacts every facet of the

[00:02:08] workplace. From employees and teams to managers and the company, everyone involved will benefit

[00:02:14] from it. Let's consider some benefits of employee engagement. One, increased productivity.

[00:02:21] Employees highly involved in their work are more productive and generate better output

[00:02:26] because they take personal responsibility for their work and are motivated to do well.

[00:02:31] They are accountable for their contribution and are aligned with the team's and the

[00:02:35] company's objectives. This translates into higher team output and better financial results for

[00:02:40] your company. Two, reduced chances of burnout. Employee burnout is one of the problems many

[00:02:47] businesses face today. It results from chronic workplace stress that wasn't successfully

[00:02:52] managed. When staff members experience burnout, it can negatively impact them, your team,

[00:02:58] and your company. To mitigate this, monitor your team's satisfaction levels using effective

[00:03:03] employee engagement software. By gaining insights into your team's wellbeing, you can provide

[00:03:09] them with the necessary support. Ultimately, this strategy can help foster a happier work

[00:03:14] environment and, as a result, reduce the risk of burnout. Three, better team performance.

[00:03:21] Employee engagement benefits the team as a whole, not just an individual. It results from

[00:03:26] motivated workers producing better work. A team with enthusiastic employees naturally operates at

[00:03:31] its peak. Moreover, it is genuinely possible that employee morale can be contagious.

[00:03:37] Team members are more likely to feel invested in their jobs when surrounded by motivated,

[00:03:41] driven colleagues who genuinely care about their jobs. Remember that individual engagement

[00:03:47] leads to team engagement, and individual performance improves team performance.

[00:03:53] Four, lessened absenteeism in the workplace. Absenteeism has grown to be a significant

[00:03:59] problem in recent years. It's also concerning to note that those who take time off for

[00:04:04] mental health issues have a seven-fold increased chance of missing work later on.

[00:04:09] Employee engagement drops while absenteeism increases when tasks become too much to handle,

[00:04:15] and finding a work-life balance seems impossible. Thus, as a manager, it is crucial to help your

[00:04:20] employees by creating a stimulating work environment where health and wellbeing are

[00:04:25] given priority. Your motivated employees will soon be eager to work both in person and virtually,

[00:04:31] innovate easily, meet deadlines, and deliver their best work through this.

[00:04:37] Five, higher employee retention and lower turnover rates.

[00:04:42] Employee retention is essential for creating a high-performing team. Teams need help to

[00:04:47] function at their best when members are always coming and going. Long-term employees, on the

[00:04:52] other hand, take essential knowledge and experience with them when they leave. Also,

[00:04:57] a lot of time, energy, and resource commitment are involved in training new hires.

[00:05:02] A dedicated employee with goals who feels fulfilled and engaged is less likely to quit. Therefore,

[00:05:09] the more an individual is engaged, the more likely employee retention rates improve to

[00:05:14] strengthen, experience, and better position your team to meet goals.

[00:05:22] HR can easily hire new employees when your company's brand is solid. When choosing to join

[00:05:28] a company, candidates always want to be sure, so they will look through internet reviews or ask

[00:05:33] their friends and family for first-hand accounts of what it's like to work there. You should be

[00:05:38] reassured if your staff is highly engaged. Your staff members are undoubtedly putting in a lot

[00:05:43] of extra effort to draw in top talent just by gushing about their incredible work experiences.

[00:05:49] Since 66% of applicants want to hear from staff members more, you should keep including

[00:05:54] engaged staff members in your hiring process.

[00:05:59] A company that engages its employees effectively might reap significant benefits.

[00:06:03] People comprise organizations, after all, and it is through their contributions and

[00:06:08] activities that businesses are able to accomplish their objectives.

[00:06:12] Employee retention is higher among engaged workers who are also happier and more productive.

[00:06:18] For employees, having a job, a company, and colleagues they genuinely enjoy

[00:06:23] is everything. For corporations, higher income and profitability are the main goals.

[00:06:33] You just listened to the post titled Thriving Together, Why Employee Engagement is Non-negotiable

[00:06:39] for Business Success by Michael Lebbitt of BreakfastLeadership.com. When it comes to

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[00:07:41] Terms and conditions apply. And thank you to Michael who is the founder and chief burnout

[00:07:47] officer of the Breakfast Leadership Network, a San Diego and Toronto based burnout media firm.

[00:07:52] He is a certified NLP and CBT therapist. NLP by the way stands for neuro linguistic programming

[00:08:00] and CBT is cognitive behavioral therapy. And Michael is one of the world's leading

[00:08:04] authorities in burnout recovery and prevention. He's also a fortune 500 consultant,

[00:08:09] number one bestselling author and host of the Breakfast Leadership Show. That's his own

[00:08:13] podcast that is a top 200 show on Apple podcasts. He's a two time top 20 global thought

[00:08:19] leader on culture with thinkers 360 as well as a former healthcare executive, CIO and CFO

[00:08:25] overseeing $2 billion budgets. So come visit him online. You can find out more about him

[00:08:30] and plenty of content at breakfastleadership.com. And again, a big thank you to Michael for

[00:08:35] letting us share his work. And that is going to do it for me today. I appreciate you being

[00:08:39] here each and every day and being a subscriber. You can just click that follow or subscribe

[00:08:43] button in whatever podcast app you're using, and I will see you right back here tomorrow

[00:08:48] where your optimal life awaits.