Improve Employee Engagement - Worked Example
Author: Robert S. Teachout, XpertHR Legal Editor
Statistics show that organizations with highly-engaged workforces generally outperform those with low employee engagement and typically have higher productivity and profitability, less employee turnover and lower absenteeism rates.
One way to measure the overall effect of an employee engagement campaign, in addition to business output and HR metrics, is to measure the change in the employee lifetime net revenue (ELNR) value, or the long-term value an employee adds to an organization.
This Worked Example shows how an employer may use the cycle of employee engagement to create a campaign to improve its hiring, onboarding and sales functions and to measure the impact of its efforts.