The Budget & Employee Engagement

Posted at 3:17 pm on November 29th, 2017

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The chancellor’s Autumn budget provided some help to embattled employees by increasing the tax threshold but with the revised growth reforecast it’s likely that both wages and disposable income will remain stagnant for some time to come. Mr Hammond had put much hope in improving productivity which, if the targets had been reached, would have provided an important improvement in the country’s finances and businesses alike. But again, this has been revised downwards even after much emphasis by successive governments over the past years.

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So why is it that we lack behind our European neighbours when it comes to productivity? Employee engagement is probably the most important component to increase productivity. It is accepted that an engaged employee will be keen to come to work, feel valued, be less absent and innovate and contribute their intellect and skills for the benefit of their employer, all key ingredients for the government’s ambitions to make the UK a leading proponent of productivity in the workplace. 

On the whole companies have been slow to react to the changing dynamics in the workplace brought about by technology and a diverse and demographic workforce, however, they are now slowly realising that having an embedded employee engagement strategy is key not only to help improve the government’s public finances, but also for their very survival, especially as we are entering the uncharted waters of Brexit. 


"Employee engagement is probably the most important component to increase productivity. It is accepted that an engaged employee will be keen to come to work, feel valued, be less absent and innovate and contribute their intellect and skills for the benefit of their employer, all key ingredients for the government’s ambitions to make the UK a leading proponent of productivity in the workplace."


There is a growing wave of sentiment from employers to affect real change in the workplace which is not just focused on pay and reward. Indeed, many organisations are now appointing Employee Engagement Managers whose aim is to look how businesses are responding to everchanging demands of a diverse and dynamic workforce. Also, employee engagement strategies are not just the domain of large enterprises, they are equally important to all business both large and small.

We are seeing an increasing demand for our employee engagement solutions which do not focus purely on the financial wellbeing of employees (though this must not be lost sight of) but on the simple recognition of those that are driving change and innovation and going the extra mile. Fundamentally employees need to feel valued and a simple “thanks” can go a long way to achieving this. However, some managers are not natural leaders and have attained their position from their technical expertise and know how. Motivation skills do not always go hand in hand with ability to do a job well. This is where technology can help.


"There is a growing wave of sentiment from employers to affect real change in the workplace which is not just focused on pay and reward. Indeed, many organisations are now appointing Employee Engagement Managers whose aim is to look how businesses are responding to everchanging demands of a diverse and dynamic workforce."


This relationship between manager and employee is changing as is the way in which we work and cooperate with each other. The ability to offer not only recognition from a manager to a team member but also peer to peer is becoming more prevalent and equally impactive. This, tied to public recognition through social walls and media, is having a very positive impact on employee morale, feeling of wellbeing, value and engagement. We all like our five minutes of fame, but just think if we could have those minutes time and time again? The potential impact on positive engagement is limitless through very simple yet effective technology based solutions.

Technology now plays a very important part in delivery of employee engagement strategies with the mobile device and social media being not only part of our everyday work environment but at the core of our society. Policies to ban use of mobile devices in working hours are now seen as contrary to supporting engagement and productivity.


"We all like our five minutes of fame, but just think if we could have those minutes time and time again? The potential impact on positive engagement is limitless through very simple yet effective technology based solutions."


PeopleValue has recently seen a significant increase in the adoption of our employee recognition solutions by both new and existing clients. With recent technology advancements, they are implemented quickly with minimum impact on both administration and business infrastructure and at minimum cost, offering a massive benefit in the attainment of the holy grail of high levels of employee engagement and the resulting improvement in productivity.

With the right attitude and a desire by businesses to focus on employee engagement we will climb up the productivity league table.

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