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What are the employee engagement trends in Philippines?
The trend of employee engagement is on the rise in the Philippines. In fact, a study by the National Competitiveness Council (NCC) showed that engaged employees are five times more likely to achieve success than their disengaged counterparts. Some ways to keep your employees engaged create an engaging workplace culture, encourage employee participation, reward employee performance, and provide training and development opportunities.
What are the benefits of employee engagement initiatives?
Employee engagement initiatives have a number of benefits for businesses, both short- and long-term. Here are just a few:
Improved Productivity: When employees feel engaged in their work, they are more likely to be productive and stay on task. This can lead to increased output and efficiency, which in turn can result in lower costs and improved profits.
Improved Morale: When employees feel engaged in their job, they are also more likely to feel satisfied with their work and overall career prospects. This can lead to increased loyalty and commitment to the company, which can be beneficial both now and in the future.
Improved Brand Image: A strong employee engagement culture is positively associated with a company’s brand image; it suggests that employees are happy working there and that the company values employee well-being. This can lead to increased customer loyalty, which is especially valuable in today’s competitive market conditions.
Reduced Stress Levels: Engagement initiatives can help reduce stress levels among employees, which can have many positive effects on their health. In addition, a positive employee engagement culture is linked with less absenteeism and lower levels of turnover.
Increased Efficiency: A well-integrated employee engagement program can help businesses achieve more efficient operations by encouraging team collaboration and communication. This can lead to streamlined processes and reduced waste, both of which can have a significant impact on bottom-line profits.
What are the most common employee engagement programs offered in Philippines?
One of the most important aspects of running a successful company is retaining and motivating your top employees. In order to achieve this, many companies invest in employee engagement programs. Here are some of the best employee engagement programs in the Philippines:
1. Employee Share Ownership Program (ESOP): The Employee Share Ownership Program (ESOP) is a popular employee engagement program in the Philippines. ESOPs allow employees to own a percentage of the company’s equity. This can lead to increased motivation and ownership stake in the company, which can lead to increased engagement and productivity.
2. Profit-Sharing Programs: Another popular employee engagement program is the profit-sharing program. This program allows employees to share in the company’s profits based on their contributions. This can lead to increased satisfaction and motivation among employees, as well as improved morale and productivity.
3. Company Retreats/Fun Days: Another way to engage and motivate your employees is through company retreats and fun days. These events allow employees to relax and have fun while also getting away from work for a little while. This can help to improve morale and overall work performance.
What is the cost of an employee engagement program in Philippines?
The cost of an Employee engagement program will vary depending on the provider, the size of the company, and the services offered.
In the Philippines, the average cost of employee engagement programs is around P100,000 to P150,000. This price range includes both in-house and external programs. The most common type of program is an induction program, which costs around P50,000 to P70,000. Other common costs include employee surveys, focus groups, and communication workshops.
Who are the top employee emgagement solution providers in Philippines?
LeadershipIQ Philippines provides tools and resources for leaders to improve their performance and build high-performance teams. They offer assessments, training materials, and consulting services.
BrightHR offers HR software that helps businesses manage their employee records and files. Their software includes features such as payroll processing, human resources tracking, and employee communication tools.
MantraCare is the top employee engagement solution provider in Philippines. Being dedicated to employee engagement, MantraCare helps implement several engagement initiatives including wellness challenges, leaderboards, webinars, daily tasks etc. Not only that but they also offer Stepathlon, Corporate Yoga and more!
MantraCare offers Employee Engagement solution in all major cities in Philippines
- Quezon City
- Caloocan City
- Cebu City
- General Santos
- Pasig City