According to the Chinese Zodiac, 2015 is the year of the Sheep. Following superstition, those who are born this year are likely to develop introverted characteristics with accompanying loyal and kind personalities. In a relevant twist, those born in the year of the sheep also tend to be highly motivated and committed to their work.
Ironically, with only 13 percent of workers engaged worldwide, employee engagement is more important than ever this year. Even the White House is making a prioritized effort to increase federal employee engagement for 2015. You can find the memorandum here.
Like people, organizations come in all shapes and sizes; they have unique personalities, highs and lows, successes and failures, and goals for the future.
Similarly, they have hopes for the New Year. So, what is your company’s ultimate resolution for 2015? What are some major challenges that have sat on the back burner these past few months or years? It’s time to tackle your pain points; now is the time to find solutions. With a fresh start, what are you waiting for? According to The Undercover Recruiter, here are some major HR challenges facing 2015:
1) Retaining and Rewarding Top Talent
59 percent of HR professionals believe this to be one of the largest challenges facing the industry in the upcoming year. Employee loyalty is becoming more and more essential in today’s world, what with Millennials changing jobs every 2 years on average (Psychology Today) and the typical pay raise of 10—20% attached to most new job offers (Forbes). Your employees are the foundation of your business; they can make or break every organizational aspiration. By rewarding them for their efforts, your company will be fostering a culture of loyal, motivated workers with a respectable ROI.
2) Fostering Future Leaders
Implementing ways to enhance employee engagement is fairly simple with the right incentive program, strategy, and management. But, when a younger generation is thrown into the mix with an unprecedented turnover rate, it may seem next to impossible to motivate. Being able to connect with and inspire your Millennials is important for long-term organizational objectives. By integrating game mechanics into daily engagement techniques, you may just be setting the scene for loyal, motivated, and productive future leaders.
3) Constructing a Healthy Company Culture
Take this as literally or loosely as you’d like. A healthy company culture may be one that promotes potluck Fridays, employee rewards, or common values. On the other hand, it may be one that emphasizes safe workplace behaviors, healthy lifestyles, and less sick days. The classic example here is Google, known world-wide for its productive work-play balance. Employees can be found bowling, having conversations in meetings eggs, or riding the Google conference bike. It is my belief that a company is as healthy and productive as its employees. By ensuring both psychological and physical wellness, your workers will be able to put their best foot forward every day.
4) Talent Acquisition
Attracting top talent is easier said than done. It is becoming increasingly more difficult to find experienced, qualified candidates as industries continue to evolve and require multi-taskers with specializations in more than one field. According to Forbes, by 2020 , 50 percent of the workforce will be composed of 24-34 year olds with a social connection to mobile technology, making it entirely more crucial to position your organization in appeal to Millennials. Helpful hint: many HR experts suggest employee referrals are still the best source of hire. According to ERE, referrals are the number one source for new hire quality, have a longer average length of employment compared to their counterpoints, and have the fastest new hire start dates.
While not all of your employees may be born in the year of the sheep, you can make a resolution to create a company culture with high levels of employee motivation, satisfaction, and productivity levels while tackling some of this year’s predicted challenges first-hand by upping your employee engagement ante.
On behalf of the team here at Perks we wish you the best of luck in your 2015 employee engagement endeavors!