Are you a business owner, manager, Human Resource director, supervisor or team leader? Do you want to reduce turnover while improving employee satisfaction and job performance?

If so, then you probably already know that employee engagement is the key to happy, productive, loyal employees and a profitable bottom line. According to 2010 Gallup research, actively disengaged employees erode an organization’s bottom line, while breaking the spirits of colleagues in the process. Within the U.S. workforce, Gallup estimates this cost to the bottom line to be more than $300 billion in lost productivity alone. Click here to read the full report.

Showing co-workers that you care about their overall well-being is a way to keep them engaged, which increases loyalty. United Way of Escambia County’s Financial Stability Coalition welcomes the partnership of local companies and organizations that would like to actively help employees become more engaged. Our approach involves teaching individuals financial literacy strategies that ultimately improve overall well-being.

Here are just some of the ways to partner with us:

• Request an on-site Money Management presentation; Encourage employees to sign up for our free workshops offered throughout the year or even request a volunteer financial coach.  To schedule, email Susan Senkarik at susan@unitedwayescambia.org 
• Promote Financial Stability Coalition services at your workplace.
• Request copies of Financial Stability Coalition resources (handouts and brochures on topics such as predatory lending, credit, buying a home, creating a spending plan, avoiding financial pitfalls, and more). Email Susan Senkarik at susan@unitedwayescambia.org

While nothing beats a pay raise or bonus, you can help co-workers learn and practice sound financial management. This will result in employees who come to work with decreased levels of stress and anxiety related to finances, resulting in higher productivity and company loyalty and a better bottom line.

Employee engagement is a dollars-and-cents issue for businesses

Engagement is not satisfaction or happiness, but the degree to which workers connect to the company emotionally, are aware of what they need to do to add value and are willing to take that action, said Julie Gebauer, a managing director with consulting firm Towers Perrin, which surveyed almost 90,000 workers in 19 countries. (Emotional connection to the company increases when employees believe the company actually cares about them as individuals.) The fact that more than 80 percent of workers (just over 70 percent in the U.S) are less-than-engaged is likely costing companies money, Gebauer said.

"The notion of engagement is really a dollars-and-cents issue. Organizations that have employees that are highly engaged deliver better financial results than those that don't," Gebauer said.   Source: Andrea Coombes, MarketWatch  Oct 21, 2007

There is growing evidence that shows company-provided opportunities to improve employees’ financial literacy and financial stability reduces turnover, improves employee satisfaction, job performance and yes, improves employee engagement. 

Here are the results from the initial University of Wisconsin and Staples research: Staples Project and Hoffmire Article.

For more information on making financial stability programs available to your employees click here or call Susan Senkarik at (850) 444-7124.