It's no secret that engaged employees show up and put in the effort.
Examining trends in absence rates and turnover rates of your employees can be a good indication of employee engagement, but unfortunately it’s a lag indicator.
According to market research, you should aim for an annual employee turnover rate of 10% or less
. Of course, a certain amount of employee turnover can be beneficial in terms of moving the company forward and sparking change, but unnaturally high employee turnover can be a massive ROI killer for your organization.
From a ground-up approach, absenteeism and turnover rates within teams will also show you whether there are certain managers or departments that need attention to improve employee experience. Also, if certain employees are often away without valid reasons, this can affect the rest of the team.
A proactive way of improving both employee absenteeism and turnover rates is by understanding what motivates your employees when they are hired, and ensuring that these motivations are continually met and exceeded during their tenure with the company.
Presenteeism can also be an issue. This is where employees arrive to work, but they aren’t actively engaged in the activities they are performing. They might be distracted, put less effort, or not be doing what they should be.
This can be a strong indicator of declining employee engagement, and if it’s a team-wide issue - it signals a need to realign your company's success with that of your employees.
All companies should strive to strengthen and grow employee experience
, so it is mission critical for companies to understand how engaged their employees are with quantitative and qualitative data points. Without objective measures and feedback , there is no way of knowing if your efforts are working.
Providing a great employee onboarding experience
can go a long way towards improving employee engagement.