An ‘Employment Engagement Calculator’ has been launched to help companies assess the financial impact that occurs as a result of the change in employee engagement levels.
Launched by marketing company P&MM motivation, the free calculator will help build the case for engagement activities identifying how much should be spent, what the targets should be and what companies should expect in return.
Adrian Duncan, motivation engagement specialist, said: “Employee engagement continues to be a big issue for many organisations. Our own research shows that four out of ten staff (40%) are not engaged at alland while 95% of business leaders believe that workforce engagement is important, only a quarter (25%) have actually done anything about it.
The calculator offers two levels of analysis. The first level identifies different staff engagement levels and calculates an estimated cost to the organisation in terms of productivity, absence and retention.
The second level enables the indicators to be adjusted and therefore quickly identifies the positive financial impact that different increases in engagement can have, helping define measures and return on investment criteria.
Duncan added: “Recognition is a core engagement driver through its impact across all the others. Executed effectively recognition embeds values, by empowering people to recognise and seek out what’s good, supports senior leadership integrity, fosters employee voice and can be used to encourage innovation.”