Employee Engagement

DEFINITION of 'Employee Engagement'

A business management concept that describes the level of enthusiasm and dedication a worker feels toward his/her job. Engaged employee cares their work and about the performance of the company, and feels that their efforts make a difference. An engaged employee is in it for more than a paycheck.

BREAKING DOWN 'Employee Engagement'

Employee engagement can be critical to a company's success. Engaged employees are more likely to be productive and higher performing. Employers can encourage employee engagement in many ways, including communicating expectations clearly, offering rewards and advancement for excellent work, keeping employees informed about the company's performance, and providing regular feedback.



RELATED TERMS
  1. Performance Management

    The management of employees, departments, and organizations to ...
  2. Performance Appraisal

    An annual review of an employee’s overall contributions ...
  3. Revenue Per Employee

    An important ratio that looks at a company's sales in relation ...
  4. Key Employee

    An employee with a major ownership and/or decision-making role ...
  5. Exempt Employee

    The term “Exempt Employee” refers to a category of employees ...
  6. Corporate Pension Plan

    A formal arrangement between a company and its employees - or ...
Related Articles
  1. Markets

    How Smart Companies Are Keeping Employees Engaged

    Engaged employees are essential to your company's success. Learn what's important to your employees and make those things a priority.
  2. Professionals

    5 Low-Cost Perks for Small Business Employees

    Money isn’t the only way to motivate employees. Here are some savvy strategies even the smallest business can use.
  3. Personal Finance

    Company Policies you Did Not Know Might Be Illegal

    While you need an employee handbook to maintain law and order, trying to enforce illegal policies can land you in hot water.
  4. Professionals

    How to Conduct an Effective Performance Review

    A proper performance review can be a very useful tool for both managers and employees.
  5. Insights

    Top 10 Companies With the Best Benefits (NFLX, ADBE)

    Find out which companies offer the most unique benefits. Discover the benefits that are most likely to help workers decide to accept a job offer.
  6. Managing Wealth

    Top 5 Ways to Retain Your Best Employees

    You need to think beyond salary to make the most talented people want to stay on for the long term.
  7. Managing Wealth

    8 Reasons Why Valued Employees Quit

    Salaries are important, but retaining top employees requires more than just competitive pay.
  8. Entrepreneurship & Small Business

    Are We Becoming 24-Hour Workers?

    Many employees are working more than 40 hours a week, and even when they’re not physically at work, they’re still mentally and digitally connected.
  9. Financial Advisor

    Life Insurance Plans to Help Your Small Business Retain Employees

    How to use and design cash value life insurance plans as an incentive to help attract and retain key employees.
  10. Managing Wealth

    Three Perks Business Should Give Their Employees

    Firms that treat their employees well have a competitive advantage over their rivals. Here are three important perks to give your employees.
RELATED FAQS
  1. What does a merger or acquisition mean for the target company's employees?

    Learn about the likely impacts of a mergers & acquisition deal on the target company's employees, their benefits and adjusting ... Read Answer >>
  2. Can LLCs have employees?

    Discover how limited liability corporations (LLC) can have an unlimited number of employees and the legal steps required ... Read Answer >>
  3. Will a 10-99 form make my taxes higher?

    My employer is not withholding taxes each pay day. Will this increase my taxes because they will give ... Read Answer >>
  4. What are some ways employers can reduce employee turn over?

    Learn a few strategies in hiring, compensation and management that employers can use for increasing employee retention and ... Read Answer >>
  5. What are some examples of common fringe benefits?

    Learn how offering fringe benefits can be a strategic recruitment and retention tool for employers and drastically increase ... Read Answer >>
  6. Does technology follow the law of diminishing marginal returns?

    Learn how workers in the technology industry are affected by the law of diminishing marginal returns, and note the ways that ... Read Answer >>
Hot Definitions
  1. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  2. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  3. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  4. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  5. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  6. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
Trading Center