By Calvin Gower, Marketing Coordinator, Trüpp.
Behind every successful organization is an engaged team that is committed to helping the company reach its goals. When addressing employee engagement, employers should consider a wide range of solutions. While increasing pay may be the fall-back option, there are several solutions that have proven to have a greater impact. This set of articles highlights proven strategies for increasing employee engagement along with information on the correlation between engagement and pay.
Employee Engagement: What Research Says about the Impact of Pay
Harvard Business Review conducted a study on whether performance-related pay had a positive or negative association with employee engagement. While results landed on both sides of the equation, some clear findings stood out on what aspects offset the other. This article breaks down the study and gives recommendations on facilitating employee engagement through your pay strategy and the importance of having a clear compensation philosophy.
5 Powerful Steps to Improve Employee Engagement
It’s estimated that only 15% of employees worldwide are engaged. To understand what you can do to improve engagement, it is important to understand your employees and what role you play as a business leader or manager. This article covers five steps you can take to make sure your employees improve over time and stay engaged.
How Incentive Pay Affects Employee Engagement, Satisfaction, and Trust
Incentive pay generally comes in two forms; bonuses based on performance assessments or bonuses based on organization-wide incentives. Both or these pay incentive strategies can backfire. This article presents findings from a study published in the Human Resource Management Journal that examines how each payment strategy impacts the employee experience.
7 Tips to Increase Employee Engagement Without Spending a Dime
While higher pay and better benefits generally improve satisfaction and overall contentment, they are not the leading drivers for employee engagement. Strategies that exemplify transparency and confidence in your employees have been found to be more effective, with minimal cost to the organization. Dive into this article with affordable tips for boosting employee engagement.