Organizations that fail to build and prepare for strategic HR initiatives are likely to see employee engagement fall by the wayside.
"By failing to prepare, you're preparing to fail." - Benjamin Franklin
If you don't put effort and preparation into your upcoming year, it's probably not going to work out as you planned. This certainly rings true with employee engagement.
Chart the course for your organization and set a solid plan from the beginning with our free HR calendar template and strategic planner. These planning templates will help you prepare for year-long employee and business success.
Here are some sample reflection questions and critical HR practices we included in this year's calendar.
70% of CEOs expect their CHRO to be a key player in enterprise strategy, but only 55% say their CHRO meets this expectation. Your talent is your greatest lever for success—but you might be lacking the strategic HR leadership needed to make the most of it. Earn the trust of your C-suite by focusing not only on the success of HR, but on the success of your organization. Aim to create an engaging, high-performance culture that empowers employees, teams, and your business to achieve its most important goals.
81% of business executives strongly agree that highly engaged employees perform better, yet only 37% strongly agree that employee engagement is a significant area of focus for their own organization today. Despite their importance to business success, few organizations have figured how to leverage engagement and performance in a meaningful way. Understanding engagement and performance is critical in helping your organization make meaningful changes that strengthen culture and drive success.
HR reports many challenges to defining, building, and improving organizational culture, including lack of senior buy-in, inconsistent practices, inefficient manager and employee training, rapid pace of change, and antiquated processes. Under the right conditions, your organizational culture can promote innovation, improve employee performance, enhance agility, and accelerate change management. A thriving organizational culture is key for retaining talent and maintaining high levels of employee engagement, while growing revenue.
Employee engagement used to be exclusively measured through an annual employee engagement survey. But as employee perceptions ebb and flow throughout the employee lifecycle, an annual survey does not give you a complete view of your culture. A continuous employee listening strategy enables you to collect relevant real-time data, understand how your culture impacts employee perceptions at key moments, and take targeted action for improving the entire employee experience.
Improving engagement requires more than listening to employee voices. Without organizational commitment to action and improvement, employee engagement will not follow. Employees who saw action after a survey were 12x more likely to be engaged the following year. When employees see that their feedback is being put to good use, the connection to their work, team, and ultimately your organization will grow stronger.
Employee turnover is expensive, costing 16% to 213% of the lost employee’s annual salary. It can also negatively affect productivity, morale, customer satisfaction, and more. Ouch! Retaining your top performers is an essential component to your organization’s future success.
Employees who agreed with the statement “the goals and accountabilities are clear to everyone on my team” were 2.8x more likely to be highly engaged. But, goals alone aren’t enough to motivate employee performance and engagement. Without aligned goals, teams might focus on the wrong activities or be out of sync with your company’s core business objectives. Aligning goals gets everyone moving in the same direction and ensures a more efficient use of everyone’s time and energy.
The most engaged employees prefer feedback to other learning and development opportunities. Yet, most managers (42%) lack the training to have effective development conversations with their employees. Highly engaged organizations (86%) use regular one-on-one meetings so managers can build better relationships, discuss the employee experience, and allow more opportunities for critical employee feedback.
When employees believe that they will be recognized if they contribute to the organization’s success, they are 2.7x more likely to be highly engaged. However, nearly 1/5 of employees rarely or never receive recognition from immediate coworkers or managers. Employee recognition has many benefits—from increased productivity and engagement to decreased turnover. When employees receive authentic, real-time recognition for behaviors your organization values they are more likely to keep up the good work. Celebrating employee success regularly helps employees feel valued and managers build stronger relationships.
We’ve been hearing “the future of the workplace is digital” for years, but the events of 2020 rapidly brought this transformation to life. In fact, 61% of CEOs say their business will be more digital in the future and 50% of HR professionals expect to invest more money in technology this year. The digital workplace is no longer a dream—it’s a reality. To remain successful, you'll need to evaluate and equip your team with the right technology.
Organizations need proven processes to help them identify and develop top talent. But they’re missing the mark:
By the end of the year, it’s time to celebrate your successes and allocate time to relax and enjoy the holidays. Unfortunately, year-end is filled with finalizing budgets, holiday distractions, and preparation for the year ahead. While all those things can make the last month of the year a little chaotic, it’s just as important to look back and reflect on the past as it is to look forward. To get the highest return from your investments in your talent initiatives, it’s important to take a look at how your organization has triumphed (and failed) to make smarter people decisions and plan for the future.
There's no time like the present to start building your strategy for employee, team, and business success. Download your free copy of the HR Pro’s Calendar Template and Strategic Planner to set your program up for success in 2021 and beyond.