Empowering Employees Matters: The Value of Powerful Teams
Here at Vroozi, we talk a lot about empowering employees because we know firsthand what a difference it makes to work with an empowered, and therefore powerful, team. The Vroozi Procurement Software Team has accomplished incredible things in a very short amount of time. It is a personal honor to work with and represent the Vroozi Team.
There are many ways leaders can engage and empower their teams, but why does it really matter? Are businesses better off? Are employees?
Here are some insightful statistics about empowered teams.
‘Organizations with engaged employees outperform those with low employee engagement by 202%.’
‘Highly engaged business teams result in 21% greater profitability.’
‘Teams with high employee engagement rates are 21% more productive and have 28% less internal theft than those with low engagement.’
‘Companies with engaged employees see 233% greater customer loyalty and a 26% greater annual increase in revenue.’
‘Workers who are proud of their company report feeling more engaged and satisfied with their jobs, meaning that employee engagement is a path to all of the benefits that tend to follow a highly-satisfied workforce: less turnover, better teamwork, increased productivity, etc.’
Empowering employees is not only about the bottom line, but statistics clearly indicate the powerful correlation between empowered employees and monetary benefits for the company. Beyond productivity, engagement impacts customer loyalty and internal theft, a widespread issue in procurement.
Employees are happier and more loyal to companies that invest in them and empower them.
For better productivity, profitability, and happier employees, start engaging your team now. Foster an environment where employees feel empowered, and you will succeed with your team.