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In today’s workforce, where a mere 33% of employees are engaged—a dip from the 2020 peak of 36%1—the need to awaken and inspire employees has never been more crucial. Employee recognition isn't just a morale booster, it's the cornerstone of organizational excellence. Recognizing employees creates an environment where they feel genuinely valued, sparking heightened engagement, productivity and retention. Those frequently acknowledged are more likely to go above and beyond, drive innovative projects and support their colleagues, fostering a continuous cycle of improvement and high morale.
From insights to impact, imagine pairing frequent recognition with next-gen, AI-powered analytics. The impact of this combination is immense, bringing traditional reports into the future by transforming your data into actionable insights to drive employee engagement, belonging and productivity. By leveraging comprehensive data analytics, organizations can gain actionable insights that elevate employee recognition and engagement to new heights revolutionizing the way companies understand and reward their employees—ensuring long-term excellence and innovation.
Here we dive into equipping managers with data-backed tools to enhance engagement and the strategic advantage of cross-dimensional insights and analytics.
Managers play a critical role in driving employee engagement and overall organizational success. A study shows that 50% of employees feel detached from their employer.2 This disengagement significantly impacts productivity, costing approximately $1.9 trillion in lost productivity across the U.S.3 To combat this disengagement and productivity loss, leaders must be equipped with an advanced employee engagement platform backed by advanced analytics to inspire and retain their teams. Through data-driven insights captured using next-gen AI platforms, managers have real-time access to analytics that enables them to be more proactive in transforming employee disengagement into active engagement.
With detailed data visualizations of workplace interactions, organizations can understand the true impact of their recognition strategies, enabling leaders to refine these strategies to shape culture and engagement. Next-gen AI analytics empower managers with the knowledge to identify and address pain points within the team, fostering a more inclusive and motivating work environment.
However, organizations are inundated with employee data yet struggle to extract meaningful insights, leading to poor decision-making and diminished morale. The fragmentation of data hinders a holistic understanding of employee engagement, aggravating these challenges. With an advanced employee engagement platform backed with next-gen AI analytics, the solution is made simple by facilitating data-driven decisions at every organizational tier—from top executives and HR to employee managers. This integrated approach ensures alignment across all levels of the organization, fostering a culture of belonging while enhancing employee satisfaction and productivity.
Equipping managers with such powerful tools improves engagement and cultivates a culture of continuous improvement and proactive management, ultimately driving the organization toward greater success and employee well-being.
Utilizing next-gen analytics leads to substantial improvements for organizations both quantitatively and qualitatively. Quantitatively, these advanced insights yield a demonstrable return on investment. For example, a company with 10,000 employees can save up to $16.1 million annually in turnover costs4 through improved employee recognition and retention strategies. This underscores the value of a centralized data repository, simplifying decision-making and reducing operational expenses related to employee turnover and engagement monitoring.
Cross-dimensional insights and robust analytics provide clear metrics, eliminating guesswork. Early detection of reduced engagement helps prevent quiet quitting and burnout while offering valuable information on teamwork, leadership and alignment with company values. These insights identify opportunities across various business units, job titles, tenure and roles.
Organizations can also mitigate costs, retain talent and drive positive business outcomes. A study found that the average cost per hire was nearly $4,700, but employers estimate the total cost to hire a new employee can be 3-4x the position’s salary5—meaning a job that pays $60,000 can cost organizations $180,000 to fill. Recognition programs backed with comprehensive data help address this challenge, ensuring better retention and more efficient operations.
Qualitatively, organizations report enhanced decision-making with real-time access to comprehensive KPIs, benchmarks and forecasting insights. A data-rich solution enhances company culture through recognition that reinforces core values, boosting employee satisfaction and productivity. By detecting early signs of waning engagement, particularly in a hybrid workforce, and addressing them proactively, organizations mitigate risks of burnout and turnover, preserving team cohesion and leadership effectiveness.
Advanced employee engagement platforms with next-gen AI analytics, provide robust tools to nurture a culture of engagement. Dynamic data visualizations from recognition, feedback, nominations, incentives and rewards produce crucial insights into engagement, inclusion and company culture.
These insights equip leaders with actionable data to boost engagement and unlock workforce potential, revolutionizing workplace culture, driving sustained success in a competitive market. By converting complex data into actionable insights, companies are able to:
Recognizing and valuing employees is crucial for organizational excellence. By leveraging advanced next-gen AI tools, companies can unlock their workforce's full potential.
Recognizing the importance of equipping managers with sophisticated analytics to enhance employee engagement, Augeo partnered with the renowned people analytics firm, Visier. This collaboration introduces a revolutionary approach to understanding and improving workplace engagement through advanced AI-powered analytics.
Augeo’s CMO and President of Workplace Engagement, Juliann Gilbert, emphasizes the significance of this partnership. "Augeo's industry-first, cross-dimensional insights strategy equips leaders and managers at companies of all sizes with new data-driven decisioning tools that transform pivotal insights into profound impact," she says.
By combining Augeo's expertise in engagement platform technologies with Visier's renowned people analytics capabilities, organizations can create a powerful synergy, reshaping the approach to employee recognition and engagement. "Built on Visier’s People Data Platform, Augeo’s definitive engagement analytics solution is driving better business outcomes for customers by helping them reimagine how they measure and enhance engagement," says Zack Johnson, Visier General Manager of Embedded Analytics.
The power of recognition, when combined with sophisticated analytics, becomes a catalyst for creating a thriving, innovative and successful organization. As enterprises move forward, companies that prioritize data-driven employee recognition will lead the pack, fostering highly engaged, productive and innovative workforces that drive continuous growth and success.
Discover how Augeo and Visier's partnership can transform your workplace engagement strategies. Contact us today to learn more about harnessing the power of next-gen AI-driven analytics for your organization.
1 Gallup | In New Workplace, U.S. Employee engagement Stagnates
2 Gallup | In New Workplace, U.S. Employee engagement Stagnates
3 HR Policy | Gallup Survey Reveals Declining Employee Engagement in the United States
4 CNBC | Recognition is a simple yet effective way to keep employees from quitting
5 SHRM | The Real Costs of Recruitment