Employers who engage their workers may have an edge over competitors when it comes to both on-the-job productivity and recruiting. Andrew Botwin, CEO of Strategy People Culture (SPC) Consulting, recently told California Employer Daily that employee engagement has a number of effects on recruiting, including lower fees, additional referrals for qualified candidates, ample timelines to fill positions and lower strain on internal resources.

These results could be owed to the fact that employees who are invested in their companies and the work they perform on a daily basis are less likely to take sick days, according to the Temkin Group. Moreover, engaged staff members tend to recommend the companies to others and work harder during their employee attendance.

This is aside from the fact that higher levels of employee engagement can result in savings, California Employer Daily added. Botwin told the source that companies lose money when employees are less productive, and turnover is expensive. It's estimated that recruiting a new worker costs about 75 to 200 percent of an existing employee's annual salary.

If employers want to keep their existing workers engaged in their jobs, they can consider the five I's that are listed by the Temkin Group, which include "inform, inspire, instruct, involve and incent."

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