Diminished employee morale leads to workplace detachment, boredom, and fatigue, resulting in loss of productivity and an increased likelihood of a quit event. The issue is so serious that by some estimates, it costs the world economy an estimated $7.8 trillion.
The best way to increase employee engagement is to, well, engage with them. Annual or biannual check-ins aren’t sufficient. You need ongoing, scheduled workforce engagement throughout the employment journey — and the best part is that your employees will thank you for it. In fact, 61% of WorkStep survey respondents say they want the opportunity to provide feedback to their employer at least once every month.
Once you’ve made the decision to prioritize engagement with your frontline workers, you’ll inevitably reach a point where you need to determine whether to build a solution in-house or leverage an existing service. Keep these pros and cons in mind as you weigh the benefits of building vs. buying a workforce engagement platform.
A bespoke solution tailored to your business and your specific wants and needs? On first pass, that seems hard to resist. But there are important caveats as well.
From initial planning and project management to development, testing, and integration, building a workforce engagement platform from scratch can seem like a new line of business.
A third-party solution can save you time and money while still delivering the full suite of modern engagement tools you need.
With WorkStep RETAIN at your side, you can focus on what you do best and grow your business while we deliver your workforce engagement needs in a modern, intuitive platform that offers real-time analytics with granular permissioning, agile flexibility, and remarkable customization. Request a demo to see how.
Kristina Finn, Content Marketing Manager | email@example.com