For an organization, employees are always the greatest asset. While motivated employees perform well and deliver superior quality products and services, the disengaged employee may be the cause of losses. Understanding engagement levels in the organization, knowing what motivates the employees and how these factors vary according to demographics in the company can promise competitive advantages. The best way to avoid pitfalls is making sure employees are engaged from the very beginning. The significance of such a good employee engagement strategy can't be disregarded intentionally. For a company, engaged employees translate to revenue growth, improved operating margins, and increased shareholder returns. Investing in employee engagement strategies should be seen as a saving rather time or cost investment.
Today's companies presented with the challenge of dealing with millennial turnover along with the concern about disengaged workers are pushing companies to consider buying employee engagement solutions. The objective of its implementation is to assist workers to become absorbed in the mission and culture of their company. Investing in better employee satisfaction tools and using them from the very beginning can deliver less absenteeism, less employee turnover, higher productivity, and cost savings even among millennial. There is an increasing acceptance for employee engagement solutions as a viable business driver. Vendors of employee engagement solutions provide an organizational approach that aims to deliver the right working environment for the employees. It helps companies engage employees through tactics such as real-time surveys, gamification, and feedback management through which companies can educate their employees, enhance communication, and warrant them for informed decision making. If a company put in the time and effort, there's no doubt that they will see improvements over time but choosing the right vendor from the vast array of employee engagement solution providers out in the market can be a drag. Also, providers will keep on adding innovative features to their products. It is critical to think of the company's requirement before opting a one-size-fit vendor. Once the need becomes clear, the feature sets included in the solution should be evaluated. Key features of any employee engagement solution include employee alignment, feedback management, goal management, health, and wellness assessment, performance management, rewards and recognition program, social recognition and surveys. The vendor landscape of solutions for employee engagement is expanding and from witnessing the potential of such solutions firms are increasingly partnering with employee engagement solution providers and spending millions to avail them that embed advanced technologies such as big data, artificial intelligence, cloud and many more.
To reflect more on this expanding space, we bring to you our next issue, "Top 10 Employee Engagement Solution Providers - 2018." A panel of industry experts, researchers, and top visionaries in the field has diligently curated the list to provide clients with deeper insights into the field, its trends, and assist organizations in choosing their ideal employee engagement software partners.