Tracking and analyzing employee engagement metrics is important for improving employee retention. Why? Because engaged employees typically stay at their workplace longer and contribute to the organisation fully.
According to a Gallup poll, companies that had highly engaged workers outperformed their peers by 147% in earnings per share, on average. Another study found that when employees are engaged with their work, they’re more fulfilled and more motivated, ultimately leading to as much as 22% higher productivity.
Elevating the employee experience through strategies like learning and development, career pathing, mentoring, gigs, and Employee Resource Groups (ERGs) are all ways companies can boost engagement. From there, it’s important to regularly track and review key performance metrics to identify what’s working, what’s not, and where improvements should be made to strengthen retention initiatives.
Here are five metrics for employee engagement that you should measure to help improve retention :
1. Turnover...
