Your team is your biggest investment, and it definitely pays to keep your team engaged. Enter the field of People Analytics! According to TLNT, the cost of replacing an employee can be far higher than retaining them - sometimes as high as 250% of the employee’s salary.
Retention relies on a lot more than just neat office perks and a good salary.
Employees need to feel like they’re engaged in meaningful work, that their objectives are aligned with those of the organisation, and that their voices are being heard.
This is a tough thing to achieve, even in a small organisation. Traditional performance reviews are usually not flexible enough to capture all the dynamics at work. Badly run, they’ll end up feeling more like organisational deadweight - failing to capture any of the information you really need to determine where the problems are.
That’s assuming the process operates with any sort of efficiency, that the meetings run on schedule, and the data is captured and reported on accurately. There are many places where this can go wrong, especially if you’re relying on busy managers to report upwards about Employee Engagement.
To accurately gauge how engaged your employees are, you need high-quality data, gathered efficiently and anonymously, and presented on a continual basis. This is the best way to detect and flag potential issues before they become full-blown problems, risking your best performers in the process.
This is where Roslin comes in.
Roslin provides a fully-automated employee survey tool (which captures responses anonymously), with the response data fed back to a live web dashboard. Questionnaires are delivered via email, and responses are captured immediately. Using Roslin, you can easily set up surveys which capture ratings across a range of key measures:
- Career Path
- Meaningful Work
- Management Support
- Peer Relationships
- Trust in Senior Leadership
These are collected and reported on over time, giving your management team a sense of where potential problems might lie. To help you make sense of these numbers, Roslin includes the Academy: A library of definitions, explanations, and strategies to address potential problems.
Roslin is currently in open beta and is offering free accounts with all available features. Sign up for free and try us out at https://www.roslinlab.com/signup/ and follow us on Twitter at @RoslinLab.