Employer-Employee relationship is important for the success of any business. While it is true that there are so many applicants for employment, the fact still remains that employers need to take care of their employees by enhancing their engagement and growth in the company.

Employees are considered as the company’s best asset and investment. The importance of maximizing your return on this very important investment are discussed below.

If you have a positive work culture wherein the aim is to motivate and inspire, your employees will respond towards a better customer engagement resulting in increased revenue and higher profit. Those businesses that builds trust among the entire organization creates a dynamic team .

With motivated workforce, you will increase your employee retention. Unusual turn-over rates can be the result of many factors like demotivated employees. Work given are not challenging, poor relationship with management and their co-employees or they could not adopt the corporate culture. The turnover will entail cost to replace the outgoing employees. Company has to recruit, interview, train, orientation and while they are on this process, company is already giving compensation and benefits resulting in lost productivity and administrative expense.

Turnover is avoidable and is worth the investment especially in key areas like analysis of employee performance and information, improving the work environment, employee engagement and recognition, training and competitive compensation benefits.

Highly motivated employees means less absences and sick leaves. Unscheduled absences and missed work time will have cost consequences for the company as this will lower the productivity. This needs to be checked by identifying possible patterns of absenteeism. A technology that can make the information about each employee would be helpful.

There is also Talent Management which is more than a performance appraisal tool. Talent management solution to address alignment with business goals and people performance. Businesses using a performance appraisal and management software showed a lot of improvement by the reduction of low performers. This will then result in revenue growth and productivity.