Having an Employee Assistance Program (EAP) with any size company is highly advisable, especially as businesses continue to grow and recruits are hired over time. Ensuring employees are motivated, satisfied, engaged, and encouraged is a way to ensure positive possibilities in any industry. Learning how an EAP can help companies grow while boosting workplace morale is essential for any entrepreneur or leader looking to have an impact and make a difference in the business world.
How Can an EAP be Used to Drive Employee Satisfaction?
An employee assistance program (EAP) is an agreement made between a business in conjunction with a corporation, government agency or an academic institution. An EAP is beneficial as it provides employees with a variety of support programs, tools, and resources that they can use within their workplace environment.
When an employer has established an EAP, it is often easier to attract and recruit better and more qualified talent when hiring new employees as opposed to those who have not established an EAP.
Why is Employee Satisfaction & Engagement Important to Employers?
When employees feel valued, engaged and encouraged in the workplace, they are much more likely to put in maximum effort while remaining loyal to the company they work for each day. Providing employees with proper resources with the use of an EAP is highly advisable to create a positive and attractive workplace culture.
Many studies, after years of research, outline the problems of a disengaged and disconnected workforce including the downfall of employee morale. Companies that do not promote boosting morale or encourage employees ultimately find themselves hiring additional staff and taking increasing financial losses when no remedy is implemented to tend to the root of the problem.
Use Data to Know Your Employees Better
Putting data to use is not only beneficial for those working in marketing and advertising. Instead, with the use of measuring the right KPIs, it has never been easier to keep an eye on employees, performance and other attributes that are vital to sustaining business growth and success. Measuring the right KPIs allows business owners to monitor the progress of individuals while also pinpointing potential downfalls their causes, especially when tracking sales or checking overall productivity. Applying the right metrics and frequently keeping track of data ensures that a company can maintain a smooth operation.
Implementing an EAP and maximizing the use of gathered data and metrics is a surefire way to create a positive work environment for employees while remaining focused on sales, bottom lines, and growth.
Do you have the right metrics in place to be able to measure your employee satisfaction? Whether you need to create an EAP or you need help defining your current offerings, Starr & Associates has you covered. Contact us today to learn how we can help you implement these strategies.