Business secretary John Hutton has launched a government-funded review to examine new ways to boost the performance of employees and improve British business success.
The Review of Employee Engagement and Investment will look at how it can work with employees to encourage and maximise their potential while aiding the economy by boosting UK competitiveness and productivity.
David MacLeod, a leading expert on employee engagement and a non-executive director at the Ministry of Justice, will lead the review. He is also working with Nita Clarke, director of the specialist workplace involvement body, the Involvement and Participation Association (IPA).
At the launch of the review, which is expected to begin in early 2009, Hutton commented: “The most successful companies recognise that their employees are their most valuable asset. Employee engagement is not just a buzzword – it has a clear link to increased business success.”
MacLeod said he was looking forward to examining “how British business can maximise its potential and increase its competitiveness in the global economy.”
“The fact that only about 12% of the UK workforce can be considered as highly engaged shows that there is potential for huge gains for the economy if we can improve in this area,” he concluded.
© Crimson Business Ltd. 2008