How Do These Facts Influence Your Decisions About Designing An Employee Benefit Program

What are the benefits of employee engagement?

Since 70% of all business leaders believe employee engagement is critical to their organisation’s success, it seems reasonable to examine its benefits and the risks of not enhancing it.Employee engagement is critical to an organisation’s sustainability, and facing this challenge frequently is common to all enterprises.Why is employee engagement so important?It’s because of its advantages and benefits. We cannot ignore its impact on everything, from sales and profits to a strong brand image.An engaged employee goes the extra mile for his/her company, stays an extra hour to finish a task, works hard on projects, aspires to learn new things and even helps other departments without seeing a personal gain.For a company, an engaged employee translates to revenue growth, improved operating margins and increased shareholder returns.An engaged employee stays with his/her company, which reduces turnover costs.An engaged employee works more and better. He/she also takes fewer sick days than disengaged employees (engaged employees take an average of 2.69 sick days a year vs. the 6.19 days that disengaged employees take).According to a Gallup study, business units with high engagement scores showed 18% higher productivity and 12% higher profitability on average.AON also reported that companies with high engagement levels reported 23% better revenue than their counterpartsAn engaged employee performs at a higher level by bringing passion and interest to his/her job. That often leads to innovation in the workplace.Engaged employees infuse energy and positivity into the workplace.Employee engagement is mainly influenced by conditions in the workplace. To make your work environment good and to make relationships within your workplace warm and friendly, you could consider adopting an intranet to see how social collaboration improves employee engagement.To learn more, take a look at these blog posts:Benefits of internal communications on employee engagementSolutions to your employee disengagementDeveloping employees’ strengths boosts sales, profit and engagementI certainly have not listed all the benefits here. Please feel free to add more below.

Employee Benefits: What's a good 401k TPA for a tech startup?

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How does office design affect productivity?

A well-designed office space establishes a kind of working environment that offers a host of benefits to your employees. If you fail to design your office space strategically, your employees are likely to be less productive.I especially liked the instances quoted by Simon Berry, Lee Little and Charlie Lucas; where they emphasize the importance of having an attractive interior, whether it relates to your home or office. I can’t stress enough on the fact that a good office design can directly influence employee morale and engagement with your business, increasing overall productivity.Facebook is a prime example.At their headquarters, employees can choose the layout, height, and configuration of their own desks based on personal preference, with adjustable standing desks the norm. Teams can also create whatever workspace layout best supports their project, moving desks into a circular break-out space or a long row of desks. There are also vast arrays of meeting spaces across the campus available to all employees.Source: Office SnapshotsAt the global commercial real estate services firm CBRE’s new office in Los Angeles, there are no assigned offices or workspaces; instead, employees choose from 15 different space typologies based on their activities and needs each day (from collaboration rooms, to comfy couches, to acoustically-treated, single-person glass enclaves).A group of employees at the Draugiemgroup a startup incubator in Latvia decided to test for themselves how standing desks would impact work performance. They developed an application to track time and productivity while sitting versus standing. The results were remarkable: productivity jumped by 10% when they were standing.A Harvard Business Review article stated, “Smart companies understand that workspaces are a business tool. An office environment reflects and reinforces a business’s core values, through the placement of different teams and functions and design elements that reflect culture, brand, and values.”Anecdotally, we know that the adoption rate of standing desks has historically been much higher in Europe than in the US due to legislation requiring employers to accommodate sedentary workers with an adjustable-height desk option. However, in recent years the US's adoption rate for standing deskshas soared particularly in sectors such as tech/software, legal, accounting, publishing and higher education.