{"id":730,"date":"2007-07-18t19:41:00","date_gmt":"2007-07-19t00:41:00","guid":{"rendered":""},"modified":"-0001-11-30t00:00:00","modified_gmt":"-0001-11-30t05:00:00","slug":"cpas-tick-this-engagement-boosts-earnings","status":"publish","type":"post","link":"\/\/www.g005e.com\/2007\/07\/18\/cpas-tick-this-engagement-boosts-earnings\/","title":{"rendered":"cpas, tick this: engagement boosts earnings"},"content":{"rendered":"

staff motivation translates into business success. <\/i>
\n
\nhow does your office rate? join the survey; see the answers.<\/a><\/b><\/p>\n

by rick telberg<\/b>
\non careers <\/i><\/p>\n

the best firms to work for may also be the most successful. <\/p>\n

new research findings from the gallup organization reveal that among publicly-traded companies, those with the highest proportions of \u00e2\u20ac\u0153engaged” employees increase their earnings more than twice as fast as companies with low proportions of engaged employees.<\/p>\n

moreover, the study quantified that companies in the top-quartile for employee engagement have 18 percent greater productivity levels \u00e2\u20ac\u201d and 12 percent higher profitability \u00e2\u20ac\u201d than the bottom quartile companies. that all translates to 2.6 times faster growth in earnings per share.
\nthe study findings are healthy food for thought for cpas and finance professionals \u00e2\u20ac\u201d particularly for managers of firms and accounting departments that are interested in their own profitability and in retaining superior employees.<\/p>\n

what is an \u00e2\u20ac\u0153engaged\u00e2\u20ac\u009d employee other than a management buzz phrase? according to human resource specialists, employees are engaged when they feel connected to their companies, when they work with passion and when they voluntarily act to move the organization forward believing that they can positively impact the quality of their organization\u00e2\u20ac\u2122s products or services. only about 29 percent of employees are actively engaged in their jobs, those pundits further say. <\/p>\n

don’t think you haven\u00e2\u20ac\u2122t seen nor hired an engaged employee. think about most new employees when they first join your organization. note how enthusiastic and committed they seem to be, and how eager the appear to be advocates for their new employer.<\/p>\n

getting employees engaged in what they do has been an age-old struggle for management. what makes the gallup study worth noting is that it is one of the few actually to measure the degree to which engaged employees factor into profitability. this is noteworthy for corporate america in this era of mergers, acquisitions and private-equity take-overs, is more concerned than ever about earnings trends.<\/p>\n

to be sure, determining a worker\u00e2\u20ac\u2122s engagement level can be subjective. but it doesn\u00e2\u20ac\u2122t need to be. <\/p>\n

gallup offers these benchmarks for gauging engagement:
\n\u00e2\u20ac\u00a2\tthey have better attendance,
\n\u00e2\u20ac\u00a2\tthey are longer-term employees,
\n\u00e2\u20ac\u00a2\tthey pay closer attention to quality and risk management,
\n\u00e2\u20ac\u00a2\tthey are more productive, and
\n\u00e2\u20ac\u00a2\tthey are more likely to advocate to customers.<\/p>\n

groups that have studied the issue \u00e2\u20ac\u201d including gallup, the towers perrin consultancy and the prestigious conference board nonprofit research organization \u00e2\u20ac\u201d have determined the following management factors that factor into employee engagement:
\n\u00e2\u20ac\u00a2\ttrust\/integrity \u00e2\u20ac\u201d how well managers communicate with employees and cause the employees to value their relationships with managers.
\n\u00e2\u20ac\u00a2\tthe work itself \u00e2\u20ac\u201d making it stimulating day-to-day.
\n\u00e2\u20ac\u00a2\tline of sight between employee performance and company performance \u00e2\u20ac\u201d helping employees understand how their work contributes to the company’s success.
\n\u00e2\u20ac\u00a2\toffering career growth paths and helping develop employees\u00e2\u20ac\u2122 professional skills.
\n\u00e2\u20ac\u00a2\tcreating employee pride in the company \u00e2\u20ac\u201d paying attention to how much self-esteem the employee feels by being associated with their company.<\/p>\n

according to gallup, firms are most likely to enjoy faster earnings growth when the number of engaged employees outnumbers \u00e2\u20ac\u0153disengaged\u00e2\u20ac\u009d employees by at least four to one. how does your office measure up?<\/p>\n

now it’s your turn: <\/b>how \u00e2\u20ac\u02dcengaged\u00e2\u20ac\u2122 are people in your office? join the study; get the answers.<\/a>
\n
\n[first published by the aicpa]<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

staff motivation translates into business success. how does your office rate? join the survey; see the answers. by rick telberg on careers the best firms to work for may also be the most successful. new research findings from the gallup … continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2254],"tags":[6],"class_list":["post-730","post","type-post","status-publish","format-standard","hentry","category-growth","tag-bsg-business-builder"],"acf":[],"yoast_head":"\ncpas, tick this: engagement boosts earnings - 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