Disengaged employees stop an organization from performing at its best. According to a 2012 study commissioned by the Hay Group and Fortune Magazine, The World's Most Admired Companies recognize that people are a major source of sustained competitive advantage.
“Recognizing that their employees are the key driver of their success, these top-performing organizations, (such as Apple, Google, Berkshire Hathaway, IBM), go to great lengths to create the right conditions for people to thrive. Hay Group research suggests that firms with high levels of engagement see revenue growth 2.5x that of peers and a 40 percent reduction in employee turnover.”
World’s Most Admired Companies understand that for employees, motivation alone is not enough. People must also feel equipped and empowered to ‘get the job done’. Integral parts of employee motivation strategies include keeping employee skills aligned with changing work demands and prioritizing work life balance to avoid burnout.
“The growth and development of people is the highest calling of leadership.”
- Harvey S. Firestone
- Improves employee participation
- Contributes to organizational success
- Promotes connection and engagement with employees
- Attains employee peak performance