How to Improve Employee Engagement on a Budget

Chris Freitas • Apr 03, 2023
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Employee engagement is a must for any business that wants to boost productivity, quality of work, and turnaround time, but it doesn’t have to cost a fortune. With the right strategies, your employees can be happier and more productive on a budget! 


Let’s discuss some low-to-no cost strategies that you can easily implement to improve employee engagement. 

 

1. Encourage Leaders to Connect With Employees 

One of the easiest ways to increase employee engagement is to create a culture where leaders communicate and work closely with their team members. This helps ensure that leaders are able to build relationships with their team members, which can help them feel more appreciated in the workplace and improve their performance. Positive reinforcement is consistently a more potent motivator than punishment, according to a variety of studies. 


Offering specific feedback when an employee succeeds is also crucial to maintaining a high level of employee engagement. If you want to help employees improve their performance, consider working with members of management to develop their ability to provide “compliment sandwiches” to their team. This involves offering two comments on the good work the employees have done on either side of every criticism. 

 

2. Develop a Workplace Environment That Encourages and Supports Employees 

One of the most important aspects of improving employee engagement is to create a workplace environment that encourages and supports professional development. According to a study done by the Harvard Division of Continuing Education, professional development can bolster employee confidence, job satisfaction, productivity, and morale. 


This can include providing opportunities to expand their knowledge of their job such as additional training. Employees can organically seek out a better understanding of the company when they want it, which gives them the room to grow and improve their output. You could also consider implementing a mentoring program with your more experienced staff members. This can help new hires feel welcome while they acclimate to their new positions and the current staff members receive recognition for their exceptional job performance. 

 

3. Prioritize your company’s core values in the workplace 

A simple way to promote a high level of employee engagement is to establish your company’s core values and communicate them to both prospective employees and existing employees. This will help employees to understand what it is that makes your company unique and how they can align their careers with those values. 


The most effective method of instilling your company’s values on your employees is for the senior staff members to demonstrate them. For example, if one of your company’s values is promoting the value of teamwork, your senior staff members can make a point to ask newer staff members if they need any help. This can encourage your employees to offer a helping hand to one another, cultivating a supportive work environment in which employees feel supported. 

 

4. Provide a suite of employee benefits 

Employee benefits are hands down the most effective method of boosting employee engagement. Employees feel more valued and overall are physically healthier when they receive employee benefits, both of which are significant contributors to an employee’s productivity in the workplace. For these reasons and many more, employee benefits are an essential investment in your employees and your business. 


Unfortunately, too many employers believe that employee benefits are prohibitively expensive and don’t consider including them in their business model. But with consultation assistance from KBI Benefits, you can reduce the overall cost of your employee benefits program by as much as 40%. Coupled with the increased productivity that employee benefits cultivate, companies are missing out on an important financial investment. Contact us today to schedule a free consultation. 


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