Employee experience has evolved into a driver of business growth and the glue that holds companies together – allowing them to thrive and survive. A new report from Blueboard, Employee Rewards and the Employee Experience, finds that companies that invest in employee experience (EX) cultivate stronger employee/employer relationships and see significantly higher engagement.
For example, companies that prioritize EX outperform so-called laggards across key employee experience indicators by more than 20%. The four areas cited in the study are:
- my employment status is stable;
- my relationship with my employer is reciprocal, not transactional;
- my work is fulfilling;
- and I am optimistic about my career prospects
The ways in which organizations can support employee experience and boost these indicators vary greatly; however, strategic employee rewards and recognition presents a key approach for employers looking to positively impact the employee experience.
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