Employee engagement is the emotional commitment your people have to your organization.You can achieve high engagement if you pursue a people-first strategy.
Employee expectations shifted significantly in the last decade. The best companies in the world adjusted to this shift through the power of people-first cultures — work environments where employee happiness matters as much as the bottom line.
Here's why becoming a people-first organization makes good business sense:
The business benefits are clear if your team is engaged.
Kudos® is designed to take your engagement to the next level. With over 300 clients globally, we see organizations of all types achieve high-performance cultures:
Organizations that pursue, and win, “Best Place to Work” (BPTW) awards consistently outperform their peers and the market. Here is the proof:
The business outcomes and cost savings associated with high employee engagement paint a clear picture of why forward-thinking organizations are implementing employee engagement programs.
The difference between winners of Fortune 100’s Best Places to Work and Glassdoor's Best Place to Work comes down to four common best practices:
Leading organizations reinforce what they stand for by maintaining daily communication with their people. Frequently recognizing, celebrating, and encouraging teams to maximize their potential wins hearts and minds.
Beyond greater emotional investment with your company, higher employee engagement results in best-in-class corporate performance.
As showcased, activating a highly positive culture generates high-performance outcomes. At Kudos, we measure our achievements in seven different areas:
You can easily measure return on investment (ROI) in the last two areas: Time savings for HR, reductions in turnover and related costs. Below, we'll focus on the largest and most visible impact on the bottom line — reduced turnover costs.
Calculate the ROI using the following equations:
ROI = [Savings from Reduced Employee Turnover – Cost of Program] /Cost of Program
Savings from Reduced Employee Turnover = [Cost to Replace Employee+ Cost to Onboard New Employee] * # of employee exits that were avoided
If these numbers aren’t available to you, feel free to use these benchmarks in your calculations:
Did you know? Kudos clients typically see an ROI between 2.5 - 7x (in other words, between 250% to 700%).
Not only is Kudos one of the first organizations to bring social recognition to the market, but also the first company to take peer-to-peer recognition to a more strategic and effective level.
We help organizations drive individual and corporate performance in over 80 countries around the world and look forward to supporting you develop a high-performance culture.
Kudos is an employee engagement, culture, and analytics platform, that harnesses the power of peer-to-peer recognition, values reinforcement, and open communication to help organizations boost employee engagement, reduce turnover, improve culture, and drive productivity and performance. Kudos uses unique proprietary methodologies to deliver essential people analytics on culture, performance, equity, and inclusion, providing organizations with deep insights and a clear understanding of their workforce.Talk to Sales