How can executives prioritize employee engagement over company profits?
Employee engagement is the degree to which employees feel committed, motivated, and satisfied with their work and workplace. It is a key factor for organizational success, as it can improve productivity, performance, retention, and customer satisfaction. However, some executives may be tempted to prioritize company profits over employee engagement, especially in times of economic uncertainty or competitive pressure. This can lead to short-term gains, but also long-term risks, such as lower morale, higher turnover, and reduced innovation. How can executives balance the need for profitability with the need for employee engagement? Here are some tips to help you achieve both goals.