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A company's performance is synonymous with its employees'. Industry giants have witnessed their profits grow annually as they invested more into boosting their employee performance management processes and productivity. Facebook's per-employee profits, based on last year's profit of $16 billion divided by their number of employees, made $634,694 per employee. Another example is Apple who made $48.3 billion last year, and had an average per-employee earning of $393,097. Microsoft raked in $21.2 billion in 2018, which comes out to $171,000 per employee.
Good employees are the ones who can empower a startup and lead it to success. While finding smart, competitive, and hard-working people is hard, keeping them around can be even harder. Paying employees well doesn't mean that they'll stay loyal to the company. According to research, 89% of bosses wrongly believe their employees quit because they want more money. There are numerous reasons that can contribute to quitting a job. One of the main ones is poor management.
You’ve done everything you can to increase employee satisfaction, but productivity still hasn’t increased. At this point, you’re probably wondering why. Where have you gone wrong? While it’s true that more satisfied employees can be more organized at work, that isn’t always the case.
By streamlining their resources and processes, small and medium-sized businesses have the potential to increase their productivity. Achieving a strong level of communication and collaboration among employees is crucial. Microsoft Teams is a platform that can help streamline many of your processes and revamp how you collaborate. Using Microsoft Teams, you can set up an organization-wide team or channel to handle your communications. Though it sounds simple and effortless, it's important to know how to set it up precisely and understand each of the significant factors. That said, let's take a look into possibilities that creating organization-wide Microsoft Teams channel can offer.
Organizations should be able to create a good emotional connection between employees and the company to achieve success consistently. A satisfied employee community delivers 100% to achieve company goals and missions. Some of the key values such as productivity, loyalty, retention, etc. are greatly dependent on employee engagement. In order to set up an ideal environment for your employees to achieve optimal work-life experience, you will need an efficient Intranet. Today, we will show you 5 different ways an intranet portal can inspire employee engagement in organizations.
Every business can achieve a competitive advantage over others by having a good team of employees. The question is whether you are utilizing them completely. Keeping the employees engaged and highly satisfied is the key to achieve great results. Every successful business on our planet is effectively maintaining their employees engaged and productive. To achieve this, you need to give your employees the freedom to engage with their work/team when and where they want. You can get this done by picking the right technology for them. Dock 365 is the best example of technology that can keep you engaged and productive every time. There are many tools like a project management solution that can be used to boost your employee productivity and engagement at work.