You can get your
employees to do more and even go the extra mile by making them feel engaged. It
will lead to a chain reaction in following ways
- They will be more willing to learn,
- They will accept rewards and recognition for the purpose of growth,
- They build loyalty to commit to your organization for a long time
- They happily refer other qualified and skilled persons to your company.
Employees who are
engaged in the organization can affect its performance in a significant manner
making it the key to bottom-line performance.
this fact is not enough. You need hard data to back it up, some kind of measuring
standard to determine the level of engagement and make a connection. But how do
you do it? Of course, with reputed human
resource management software companies in India by your side.
A good HRMS software in India will let you create
a baseline engagement metrics which displays your position on this very day. It
will then be compared to data collected in the future year after year.
Metrics to Determine Employee Engagement
Revenue per employee
Consider the revenue a single employee
earns by dividing the total annual revenue with the total number of employees at
the end of the given year. Determine the revenue per employee for the last two years
then once your engagement strategies are in action you can monitor this amount every
year. This straightforward stat can be easily programmed into robust HR software solutions in India.
Number of awards
Most of the awards
presented to business organizations depend on employee surveys. You can apply for
an award such as best place in IT, best place to work or great place for mothers.
In case you don’t win, use the survey report to study the situation and work on
improving future engagement efforts and fine tune your employee engagement strategy.
Turnover and exit
interview data can provide you with the exact information about who’s leaving and
the reason too. This information is segregated based on employee demographics like
department, position, length of tenure, age, race and gender. Analyzing this information
with help of HRMS software in India should
help pinpoint what your problem is and how you can fix it.
Number of referrals from employees
Many employees who
enjoy their job and the atmosphere of their work environment will refer other qualified
individuals to the organization. Find out from where your applicants learned of
the job opening at your firm to get the number of employee referrals.
Participation in Training
Identify the per
year number of hours your organization offers for overall employee training,
with help of HR and payroll software in
India. Also calculate the number of training hours offered to employees at different
levels. Now record the number of employees who participated based on demographics
like gender, age, position, length of tenure and so on. Check out the number of
attendees and non-attendees. If the participation is low, there will be a high turnover
Number of Internal Applicants Per Job Opening
If there are many
internal applicants, you know the employee engagement is high. If not, you will
need to conduct internal networking or provide courses on interview and resume preparation
to increase the level of engagement.
Make sure you inform
the senior managers about the benefits employee engagement so that they know how
it can affect employee turnover, the quality of work and performance, and the product
and service brand.