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• Engaged employees are 87% less<br />
likely to leave their organizations than<br />
disengaged employees are.<br />
• Employees with lower engagement<br />
levels are four times more likely to<br />
leave their jobs than those who are<br />
highly engaged.<br />
Dickmeyer suggested that companies<br />
perform a value stream map of the time,<br />
effort, and costs to replace a s<strong>in</strong>gle<br />
plant floor worker. “The whole process<br />
of someone decid<strong>in</strong>g they don’t want<br />
to work for the company any longer,<br />
their departure, <strong>in</strong>terview<strong>in</strong>g and hir<strong>in</strong>g<br />
a replacement for the position, utilizes<br />
more company time and resources<br />
than most management team members<br />
ever considered. It is wasteful and as<br />
far away from a lean best-practice,”<br />
argued Dickmeyer.<br />
engagement can be easily verified<br />
by relat<strong>in</strong>g to the f<strong>in</strong>ancial impact of<br />
employee retention and employee<br />
engagement. Some of the key f<strong>in</strong>d<strong>in</strong>gs<br />
cited <strong>in</strong>clude:<br />
• 70% of companies say that reta<strong>in</strong><strong>in</strong>g<br />
talent is their top HR challenge this year.<br />
• 44% of employees <strong>in</strong> North America<br />
say they may or will leave their current<br />
organization with<strong>in</strong> the next 12 months.<br />
• Los<strong>in</strong>g an employee can cost an<br />
organization up to 213% of the<br />
employee’s equivalent annual salary.<br />
“A high level of employee<br />
engagement will always<br />
keep your staff on board<br />
for longer”<br />
Employee Communication the<br />
Eng<strong>in</strong>e that Drives Employee<br />
Engagement and Retention<br />
People Driven Performance (PDP)<br />
Solutions is a software development<br />
company provid<strong>in</strong>g an <strong>in</strong>ternal, <strong>in</strong>novative,<br />
and <strong>in</strong>teractive communications system<br />
for manufactur<strong>in</strong>g plant floor employees.<br />
A patented comb<strong>in</strong>ation of software and<br />
touch-sensitive employee <strong>in</strong>formation<br />
kiosks br<strong>in</strong>g vital and important<br />
<strong>in</strong>formation to the plant floor <strong>in</strong> a nondesk<br />
employee environment. As discussed<br />
earlier employee engagement results <strong>in</strong><br />
quantifiable productivity improvement.<br />
The impacts of improved <strong>in</strong>ternal<br />
communications, via <strong>in</strong>teractive design,<br />
delivers an employee-centric engagement<br />
system driv<strong>in</strong>g improved employee<br />
retention, best-practice lean productivity,<br />
and <strong>in</strong>creased bottom-l<strong>in</strong>e profitability.<br />
Dickmeyer was adamant that the<br />
efficacy of employee communication has<br />
much to do with how the <strong>in</strong>formation<br />
18<br />
[ Aug 2014 ] BE Monthly