Managing millennial employees? Looking for ways to motivate them to go “above and beyond?”
This is the dream with any employee: Managers want to see their employees evolve to the point where they demonstrate a sense of initiative and ownership. They want to see employees go beyond the bare minimum, and focus on how to do things right. They want to see evidence of strong employee engagement.
Doing the Bare Minimum
According to Gallup actually runs daily polls on engagement, engagement in the U.S. hovers around 30 percent. But that number is dropping with each generation, and millennials currently have the lowest rate of engagement of employed generations.
Why should business owners and managers care? Because it is estimated that unengaged employees cost U.S. companies about $500 billion per year in lost productivity. They’re also more likely to have issues with work injuries and sick days.
Engaged employees are more productive, less likely to have accidents or call in sick, are easier to retain, and can turn lead into gold. Ok, I made that last part up, although it may at least be figuratively true, as you’ll see in the infographic.
One of the more interesting things you’ll notice is that this isn’t a problem you can throw money at. In fact, some of the companies that pay the best seem to have the issues you’d associate with low engagement rates. So what can you do to raise engagement among your employees, especially millennials? Have a look at the graphic below.
Ok, we hope that helped give you an idea of how important employee engagement is, and what you can do to improve it at your company.
Learn more about how you can beat the employee engagement slump.