An engaged workforce is a high-performing workforce and can be one of the most important drivers of business success. Employee engagement researchers such as Towers Watson have shown that organisations with high levels of employee engagement have better financial results, including higher: operating income, net income growth and earnings per share. In their employee engagement research, the Corporate Leadership Council found that up to 76% of employees are "up for grabs" in terms of engagement, and could become engaged or disengaged. The potential financial impact of this could be substantial for organisations. In their Global Workforce Study, Towers Watson found that 80% of employees are not contributing to their full potential and 40% of workers are disenchanted or disengaged. Converting the disengaged to the engaged According to Aon Hewitt's definition, employees are engaged when they "say, stay and strive": they speak positively about the organisation to others, are committed to remaining with their current employer, and are motivated by their organisations' leaders, managers, culture and values to go "above and beyond" to contribute to business success. So how can UK companies motivate employees to new levels and drive the 110% effort that can boost business performance? Carole Hathaway, EMEA Rewards Leader at Towers Watson, underscores the importance of employee engagement in the competition to recruit and retain talent: "As UK companies seek to grow profitably during a period of economic volatility, their focus needs to be on crafting an employee value proposition that helps to attract and retain talented and critical skill employees and also engages the entire workforce." Four top tactics to elevate engagement When employee engagement is low and competition for talent is high, organisations can benefit from these simple yet proven tactics. 1. Give employees meaningful feedback on an ongoing basis 2. Define clear goals and link them to organisational goals 3. Recognise and reward your employees fairly and consistently 4. Provide career development opportunities Read the full article here