In the current job market there is a shortage of talent
which has gotten a lot of companies speaking about employee engagement to
retain their current talent. However,
these companies may not even be measuring engagement. This is another way that analytics enters
into HR, the engagement survey.
Engagement surveys differ from company to company but it is a key way
for HR and business leaders to get real data on engagement, perceived
performance, and attempt to predict attrition.
Let’s talk about the attrition aspect. If a firm notices they’ve had a lot of
attrition in this market, their gut instinct may be to throw more money or
bonuses at employees and managers to get them to stay. However, by having an engagement survey that
company will be able to see trends across teams and departments and perhaps see
that the real problem is lack of training and development, or lack of
communication on a team, or lack of leadership.
All of these issues won’t go away no matter how much money employees
receive. So by using people analytics
through an engagement survey a company can A – save some money and B - find out
what the real issues are and set out to solve them.
Very interesting!!
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