SAP Concur blog explains employee engagement as the connection employees feel to their work, colleagues, and organization. It discusses three key elements (satisfaction, commitment, involvement), benefits (high performance, profitability, innovation, retention), and measurement methods and best practices.
The SAP Concur blog interviews Anna Crowe on building an authentic corporate culture. The article emphasizes that authenticity starts from the top, requiring transparency and trust, and encouraging vulnerability. An authentic culture improves employee satisfaction, productivity, and profitability, and helps organizations respond flexibly to challenges.
This SAP Concur blog post discusses the health of life science organizations, focusing on employee engagement, compliance management, and financial visibility. It cites a Deloitte study showing only 56% of life science employees are satisfied with their work, compared to 70% in other sectors. The article suggests using automation to reduce administrative burdens and improve engagement, emphasizes the importance of tone from the top for effective compliance programs, and recommends tools like Concur Invoice to streamline accounts payable and increase financial visibility.
A SAP Concur blog post notes that exceptional team leaders are critical to employee productivity and engagement. A Forrester and SAP survey shows organizations with engaged, empowered workers see 4.3x increase in earnings per share, 21% higher profitability, 17% higher productivity, and 81% higher customer satisfaction. Management expert Lisbeth Claus shares leadership tips in a free webinar, including embracing technology. A January 2021 survey by SAP Concur and The Economist Group found 89% of executives said deploying advanced technologies would be instrumental in building resilience.
SAP Concur argues that sustainable growth goes beyond financials and means prioritizing employee well-being. It cites data that 39% of workers would be willing to work harder if they were happy in their current role or workplace, and Gallup data that 70% of employees lack engagement due to dissatisfaction, estimated to cost $450 billion to $550 billion in lost productivity per year. It uses RXBAR as an example: a surge in demand drove rapid growth, more employee travel led to a flood of expense reports, and the finance team spent extra hours compiling and reviewing submissions. By automating its expense process, RXBAR gained the insight and flexibility needed for fast, data-driven decisions.
A SAP Concur blog post discusses how finance and IT leaders can drive business transformation through collaboration. It emphasizes that in rapidly changing markets, finance and IT need to break down organizational silos and leverage technologies like smart automation, AI, machine learning, and advanced analytics to achieve spend management, expense compliance, and cost control. Cloud-based and mobile-ready solutions ensure business continuity and improve employee satisfaction. The article also notes that real-time spend visibility enables companies to optimize supplier contracts and forecast months in advance.