Running a successful business is every employer’s dream, Organizations emphasize employee engagement and do many things to increase their productivity. With an engaged staff of employees, Organizations achieve higher revenue, boost customer satisfaction, and increase the company’s overall chance of success. The efforts Organizations put in to manage human resources are crucial and a necessity. However, the question to ask is does the level of effort put in give the expected results? Is there still a lack of employee engagement in the Organizations which needs resolving?
Research by Queens School of Business and by the Gallup says: Organizations with low employee engagement scores saw 18% lower productivity, 16% lower profitability, 37% lower job growth, and 65% lower share price over time.
Low employee engagement has diverse effects on both the employees’ performance and organizations health. If the employees are engaged in group communication and collaboration, knowledge sharing among peers and free expression of their views, they feel motivated and engaged.
There is a burning need to provide knowledge about new tools and techniques to employees be it new or existing. Thus, many HR Managers or L&D experts go for in-house libraries, in-house journals, knowledge repository, activities, and workshops, but very few achieve the desired goals. The main reason is the hustle and the huge level of effort gone in the management of such activities.
Therefore, Knowledge Management and Knowledge Sharing Platform and their industry are on the rise. Such platforms help Organizations in enhancing employee engagement and thereby contributing to increased employee productivity. Knowledge Management and Sharing systems provide organizations and employees an online platform to communicate collaboratively in an interconnected manner. Employees can easily engage with each other and share their experiences, leading to improved working practices and environment.
According to Screen Cloud stats “Employees who feel their voice is heard at work are 4.6 times more likely to feel empowered to perform their best work.”
Employee engagement is not a one-time job, rather it requires continuous effort to be put in to keep your employees engaged and motivated. At the end of the day, motivated and engaged employees who work collaboratively will ensure improved organizational performance. Hence, the need of the hour for organizations, employers and employees who want to grow, learn and work more proficiently is to adopt modern age platforms for knowledge management and sharing.
Does your organization use any Knowledge Sharing or Management platform and how that platform or initiative is helping your organization achieve the goals and desired employee satisfaction?