How it can increase employee engagement and retain top talent
With the Great Resignation still ongoing, companies are increasingly looking for ways to improve employee retention and engagement, while still keeping the balance sheet in the green.
So, if you’ve found yourself wondering how to preserve your best talent and if Workplace Strategy can help, this piece is for you!
Employee Engagement Means Better Business
According to Gallup’s 2022 State of the Global Workplace report, businesses with an engaged workforce generate 23% more profit, meaning that having a solid Workplace Strategy in place is a win for both employee well being and the business itself.
On the flip side, Gallup reports that around 74% of disengaged workers are actively looking for new jobs, leaving companies in the tough position of needing to attract and retain new hires.
If those numbers alone aren’t convincing enough, a recent LinkedIn report adds that for 63% of employees the focus has shifted from making more money to workplaces that enable a better work-life balance.
The Basics of Workplace Strategy
A term you’ve probably heard used frequently concerning these challenges is Workplace Strategy, but for many people, the phrase still conjures up a rather abstract idea.
In straightforward terms, the goal of Workplace Strategy is to align business objectives with company culture and employee experience with all three supported by the physical layout of the office itself. Put another way, it’s creating a workplace that encourages creativity, productivity, collaboration and gets employees excited to come into the office
How you do that will vary, based on each company’s unique needs, but there are general principles that can be followed in most cases. For example, using technology in a way that supports and enhances worker experience, instead of adding friction to the workday.
Other common trends include creating more space for social interaction and connection, more ways to foster learning, and adding flexibility to how employees spend their time. A well-thought-out Workplace Strategy can also reduce costs, lower the office footprint, and help achieve business goals.
In all these cases, the core objective is to create a workplace that streamlines and enhances business productivity, while also engaging employees in a meaningful way.
And while it won’t come as a surprise to most, that last piece, employee engagement, is the crucial element.
WLS – Leading Workpace Strategy
In the face of these changing needs, WLS believe that a proactive and thoughtful approach to Workplace Strategy is the strongest way forward. With over 26 years of experience, we know that every business is unique and requires a similarly unique approach to developing a workplace plan. With that tailored strategy as the foundation, you can get back to what matters most – building a business that brings out the best in people.