Apps that meet users in their natural flow of work are most likely to engage employee teams. Read this informative blog about how Workday, a leading enterprise cloud software provider for HR and finance built a collaborative app for Microsoft Teams that engages with employees organically.
Importance of Employee Engagement
Employee engagement is crucial for financial success, especially during economic uncertainty. Organizations that prioritize engagement tend to perform twice as well financially compared to those that do not. For instance, each additional point of engagement correlates with an increase of approximately $46,511 in market cap per employee.
Impact of Communication on Engagement
Clear communication plays a significant role in enhancing employee engagement. Employees in highly engaged organizations are 46% more likely to view their companies as effective communicators and 37% more likely to have confidence in their leadership.
Feedback and Continuous Improvement
To maintain high levels of engagement, organizations should establish a feedback loop. Employees at engaged companies are 40% more likely to believe their feedback will lead to actionable changes and 56% more likely to feel that their organizations are committed to continuous improvement.