Giving employees an outlet
to voice their concerns, and importantly, for managers to act upon those concerns can result in
employees who feel happy and valued.

Over the last decade, the workforce has been changing at a rapid pace. From the technology we use to the demographics of workers and the way we communicate, these changes have impacted almost everything about the way companies operate – including how to motivate and retain talent – something that has become critical to the bottom line.

According to Gallup, disengaged employees have 37 percent higher absenteeism, 18 percent lower productivity and 15 percent lower profitability. And despite a rising focus on employee satisfaction and engagement, today's workforce is feeling burnt out. Deloitte's survey of 1,000 full-time US professionals found that 77 percent of respondents said they experienced burnout. In a hot job market with historically low unemployment levels, organizations are seeing their talented employees frustrated and leaving for other opportunities.

Related: Hiring in today's competitive job market