What are the benefits of employee experience management?
When you take steps to improve and enhance employee experience you will attract the best talent in your industry.
In fact, salary alone is often not the most important factor when attracting a person to a job or company. Employee experience plays a far more significant role than people realise, and any organisation that understands this has a competitive advantage.
Moreover, a well-managed employee experience strategy produces additional advantages, which include:
Talent retention
People resign from their roles for all sorts of reasons outside of their employer's control, including retirement or relocation. In most cases though, employee experience plays a significant role in a person’s decision to move on to another business.
When business leaders are serious about delivering a consistent positive employee experience, they will often extend their employee lifecycle and retain talent.
For example, staff members are unlikely to look elsewhere if other companies can’t match their existing benefits package or haven't introduced flexible working policies.
Increased business performance
Happy employees are highly motivated, productive, and loyal. When people experience exceptional employee experiences they feel more fulfilled in their role and are willing to go the extra mile.
In addition, companies who prioritise employee experience frequently see stronger and faster revenue growth in comparison with those who don’t.
Choosing an all-in-one employee experience platform is one of the most cost-effective solutions to improve your employees’ wellbeing. Having one overarching system in place means you can invest in your company and employees at the same time, which results in better business outcomes.
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A strong company culture
Employee experience and culture share a close connection. Defining your mission, values, and vision transforms your people into brand ambassadors who will speak fondly of where they work to friends and family. In fact, 88% of employees in a Deloitte survey believe that workplace culture is a significant factor in business success.
Creating a healthy workplace culture begins with recognising your employees’ achievements and celebrating personal milestones. A comprehensive employee engagement platform will usually have features that help your colleagues congratulate each other when they go above and beyond in their roles. Furthermore, engagement apps or software may also include dashboards and reporting functions, making it easier for you to visualise who receives the most recognition.
Data that relates to recognition and reward is particularly useful in performance management processes, such as annual reviews. Team leaders can use recognition reports to help them make objective decisions about pay increases and promotions.
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A highly engaged workforce
Introducing a bespoke approach to employee experience management will help you increase employee engagement and build a happier workforce.
People’s priorities and motivations change along their employee journey and what appeals to new joiners may be different to long-term members of staff. Therefore, it’s important you can see what benefits and perks they use most, so you’re investing in the best experience possible.
Grouping all of your teams’ benefits and discounts together in an app makes your offering both easily accessible and trackable. When all of your people are using the same platform, reporting features help you understand what discounts and benefits are most popular.
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