Many companies today are operating at one-third of their people potential because the remaining two-thirds of their employees are not engaged, says an internationally respected specialist in employee engagement and internal communication.
And according to Ken Milloy, President of Ken Milloy Management Consulting Inc. those disengaged employees are costing their companies dearly through lower productivity and profits and by chasing away potentially loyal customers.
“The collective capability of a company’s workforce is a source of competitive advantage – a unique characteristic of the business that cannot be copied,” he told human resources and corporate communications professionals at a recent workshop hosted by the International Association of Business Communicators, Barbados Chapter. “But that competitive advantage cannot be tapped unless employees are truly engaged.”
Milloy said engaged employees are those who feel a “heightened emotional connection” towards the organisation that influences them to exert greater discretionary effort.
“Discretionary effort is that extra effort that employees can give or withhold – it’s their choice,” he explained.
The Vancouver-based management consultant said engaged employees can be recognized by the passion that drives them to build and innovate and to find new and more effective ways to accomplish their roles.
“They will take less than half as many sick days off as the average employee, and they are 87% less likely to leave the company,” he added.
Milloy identified several “core drivers” of employee engagement, including how well managers “walk the talk”, how well employees understand how their work contributes to the company’s performance, and whether the company makes an effort to develop its employees’ skills.
But the most important of all, he stressed, is the nature of the relationship between employees and their managers and supervisors.
“If employees don’t have a strong relationship with managers who set clear expectations, knows them, trusts them and invests in them, they are less likely to perform or stay,” he said.
(An IABC Barbados Release)
