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June 2009
 

 

Accounting

- Start thinking about your tax return before 30 June

- Superannuation-has the budget affected your retirement funds?

Legal

- Do you need a Power of Attorney?

- Workplace reform legislation

Marketing

- Being online- no longer the future it's the present

- Logos are essential for a successful business

Small Business   - Employee engagement and your bottom line

Featured Service

  - Get your Business 'back on track'

From the Desk

- From the Principal, Michael Quinn

At Quinns...

- Host a Murder Luncheon

Important Dates

- Dates to remember this quarter

Staff Profile     - Andrew Goddard

Client Spotlight

- ZestBar

 

Employee engagement and your bottom line

Susan Rochester
Balance at Work Pty Ltd

In businesses struggling to do more with less, one key to productivity is often overlooked. In this article, we take a closer look at employee engagement, or an employee’s emotional and intellectual commitment to their organisation.

In their 2008 ‘Q12 Survey’ of 1000 employees in Australia, The Gallup Organisation found that 79% of workers were not engaged or were actively disengaged. Gallup estimated this represented a productivity loss to the nation of around $42 billion annually, which can be translated to lower potential profitability at the individual business level.

An engaged employee is passionate about what they do and will drive innovation to move the organisation forward. Actively disengaged employees are unhappy and don’t really care who knows it – they will undermine what engaged people are trying to accomplish.

In the middle are those who are not engaged. These employees are not adding to business growth. They are happy to collect their pay, as long as they don’t have to put in too much extra effort to get it. In most businesses, this represents the majority of employees (6 out of 10), and there will be one actively disengaged employee for every engaged employee.

So how do you know which category applies to your employees?

If you’re wondering about engagement levels in your business, consider what your team’s responses might be to twelve questions Gallup asked employees:
1. Do you know what is expected of you at work?
2. Do you have the materials and equipment you need to do your work right?
3. At work, do you have the opportunity to do what you do best every day?
4. In the last seven days, have you received recognition or praise for doing good work?
5. Does your supervisor, or someone at work, seem to care about you as a person?
6. Is there someone at work who encourages your development?
7. At work, do your opinions seem to count?
8. Does the mission/purpose of your company make you feel your job is important?
9. Are your fellow employees committed to doing quality work?
10. Do you have a best friend at work?
11. In the last six months, has someone at work talked to you about your progress?
12. In the last year, have you had opportunities at work to learn and grow?

The beauty of these questions is that you don’t even have to ask your employees for their responses, although it would be preferable to do so. Simply reflecting on what their answers might be will give you a plenty of useful information you can act on now to start making the changes necessary to have more engaged employees.

Balance at Work is the human capital expert for financial services companies of 5-500 employees. We combine the most accurate, insightful and easy to use online testing tool with expert advice, to give managers confidence to hire the right people first, make the most of their potential and approach difficult performance discussions with ease, creating businesses that are highly competitive because they have productive and valued employees. Find out more at www.balanceatwork.com.au or call 1300 785 150.

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Disclaimer: The contents of this document titled “The Quintessential Brief” (the ‘Material’) are provided as general information only. It is not intended to be given as advice and should not be relied upon as such. If you are concerned about any issue raised by the Material then you should seek your own professional advice. No warranty is given in relation to the accuracy, currency or completeness of the Material. No reader should act on the basis of any matter contained in this publication without first obtaining specific professional advice. Where applicable, liability is limited by the NSW Solicitors Scheme under the Professional Standards Act 1994 (NSW), and other relevant state legislation. The Quinn Group respects your privacy. Should you not wish to receive this newsletter in the future please contact us on 1300 784 667.