In a world where working from home has become the new norm—and the foreseeable future—there's no better time than now for companies to invest in employee engagement tools.
When you work remotely, it can be much harder to stay engaged. You're isolated from coworkers, you don't feel as connected to your company, and there are plenty of distractions keeping you from being as invested in your work. Past reports have found only 34 percent of U.S. employees are actively engaged—meaning employees were "involved in, enthusiastic about, and committed to their work and workplace." More recently, it's been found that employee engagement levels have fluctuated this year more than ever before.
Because of those ups and downs during the pandemic, doing anything you can to improve employee engagement is crucial. Companies that have the best employee engagement see higher employee productivity levels, better employee health, better employee retention, better customer engagement, fewer employee accidents, and 21 percent higher profitability.
Companies with high employee engagement also achieve higher earnings-per-share growth than competitors. Disengaged employees, however, aren't just unhappy—they also cost companies up to $550 billion per year. That’s where budgeting for employee engagement tools comes in: When you spend on something that’s going to keep your employees actively engaged, both your company and your employees will reap the benefits.
Ten Spot, the ultimate employee engagement platform, is the best tool to help you connect, engage, and manage your employees, no matter where they are. There are new virtual events every week that can help build rapport, team challenges that foster friendly competition amongst coworkers, expert-led virtual classes in a wide range of categories that can help employees expand their minds and learn new things, and workout and mindfulness classes that keep employees’ mental and physical health in check during this stressful time.
While providing these great services to employees, companies also have powerful analytics on the backend that help track engagement across teams, departments, and locations. You can track employee sentiment, measure connections created, and more, all in one easy-to-navigate area.
Taking the steps to budget for such a powerful tool can have a huge impact on the lives of your employees, as well as how your company performs as a whole. So what are you waiting for?