Page 48 - Banking Finance December 2024

ARTICLE

Augmenting

Productivity by

Embracing Employee

Engagement Pankaj Dadhich

Manager Research
State Bank Academy
Gurugram

As the world's largest coffeehouse chain, Starbucks is a brand that understands the value its
employees add to the business. At Starbucks, every employee knows they are valued members of
the team. It took Starbucks some time to do this. They have prioritized implementing employee-
friendly rules from the beginning.

Abstract of Article
Employee engagement is a crucial aspect of the banking sector as it directly impacts the overall performance and
success of a bank. It refers to the level of commitment, motivation, and involvement that employees possess for
their organization.
One of the key benefits of high employee engagement in the banking sector is increased productivity. Engaged
employees are more likely to be motivated to perform their tasks efficiently and effectively, leading to higher
productivity levels.
Additionally, improved employee engagement can also foster innovation and creativity within the organization.
Engaged employees are more likely to share their ideas and opinions, leading to a diverse range of perspectives
and potential solutions to challenges.

Companies need to put in all the efforts scientifically and strategically by fostering a balanced work culture where
employees are recognized for their small contributions, given ample space for creativity and new ideas by open
communication which create opportunities for growth and development for individuals and organization both.

S tarbucks needs no introduction. As the world's tuition help to employees who wish to participate in online
or university programs. One more benefit of working at
largest coffeehouse chain, Starbucks is a brand that
Starbucks is that, after a specific amount of time, employees
understands the value its employees add to the
business. At Starbucks, every employee knows they are can own company stock through the "Bean Stock" program.
valued members of the team. It took Starbucks some time Additionally, Starbucks' organizational structure is distinct
to do this. They have prioritized implementing employee- in some manner. For instance, supervisors call team
friendly rules from the beginning. For instance, they provide members "partners" rather than "employees." This program

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