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Employee Engagement- Doc

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Added on  2020-01-23

Employee Engagement- Doc

   Added on 2020-01-23

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Money Is the Key toEmployee Engagement
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Money is the key to employee engagementEmployee engagement simply reflects the extent of employee's enjoyment andsatisfaction within the workplace. It is the degree to which people in the organisation feelenthusiastic and passionate about their work and attains a great sense of commitment andconfidence towards achieving organisation's success. It relates to a significant relationshipbetween employees and the management of the company. Employee engagement in the presentscenario lays a considerable impact on the overall business productivity and efficiency. It hasbecome a growing and mandatory phenomenon for every organisation to implement impressiveemployee engagement techniques in the workplace (Crawford, LePine and Rich, 2010). Doingthis would help the company to maintain a competitive edge in the international market furtherhelps in attaining the highest level of customer satisfaction by producing best results. Exoticemployee engagement techniques will help to develop a strong sense of motivation, loyalty andtrust among its employees which will encourage them to work hard with full dedication toachieve organisation goal in an effective manner (Albrech, 2011). Apart from this, with theimplementation of such fascinating engagement techniques, the company is able to retain its bestemployee and reduce its overall staff turnover. Also, it benefits the organization to enhance itsbusiness operations across the globe as people in the organisation are now highly motivated towork even beyond their time limit to closely accomplish the set targets in the standard timeframe. Inspiring and involving the employees in the decision making and problem solvingsituations will help the firm to attain sustainable and efficient results in the global competitiveeconomy. The most essential factor which helps the company to implement an impressive andvibrant employee engagement technique is “Money” (Markos and Sridevi, 2010). It is the vitalkey to employee engagement. Money is one of the crucial elements which drive every individualto work hard to achieve the heights of success. By providing various incentives in monetaryterms, the employees of the organisation work with a positive mind-set to generate best resultstowards the direction of accomplishing the targets in an effective way. Apart from money as animportant source, the organisation should also lay its major concern over providing a credibleleadership, supportive work environment along with strong communication channels which helpsthe human resource to build positive relation within the workplace (Shuck, B. and Wollard,2010). All such factors results in tremendous benefits to the company. The organisation is able to1
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maintain a high performing workplace, committed employees and a profitable work environmentthrough which it can easily and effectively attain a global exposure. In order to achieve such fascinating results, the company is required to implementimpressive leadership techniques. Doing this, it will help the organisation to closely examine theneeds and demands of its core employees and f them with a view to achieve high level ofemployee satisfaction (Gruman and Saks, 2011). Two such prominent theories which help thecorporation to gain employee enjoyment and satisfaction within the workplace includeMcClelland's motivational theory and Herzberg's motivational theory. Both these techniques helpto boost morale of its employees and provide them with positive approach to attain the bestresults. McClelland's motivational theory focuses on the three major needs of its employees andimplement measures to attain them in a quality way. The basic concept of such a theory isexplained through the following diagram-Illustration 1: McCllenad's motivational theory(Source: Shuck, Reio Jr, and Rocco, 2011)From the above diagram, it can be seen that the three essential needs which caters toachieve motivation are as follows-2
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