16 October 2019

Employee experience: competitive advantage over other companies

Two men greet each other cordially with a handshake in an office, while a woman smiles in the background.

More and more companies view the human resources department as a employee experience manager more than just a simple department focused on attracting talent to the company. This is because the employee experience, when positive, greatly increases the company's own profits, which is why it has become an increasingly important point of reference in the business ecosystem. 

Table of contents

What is the employee experience

Employee experience is defined as The worker's own perception of themselves and their time at the company and in their job role. To achieve this, the approach is to directly ask employees how they feel within the company, and what aspects they believe could be changed to improve the company and the individual situation of each and every worker involved. In this way, the aim is to a much more human approach, which also has important advantages for all parties involved. 

Why is it important

Employee experience is important because it provides Specific information about the employee's situation which, in many cases, cannot be perceived through the most traditional systems and tools. To give an example, employee satisfaction surveys can be carried out in a company using a questionnaire. However, the information that these types of tests offer is limited, as it is predetermined by the questions asked in said test. On the other hand, if you want to know the real employee experience, the best option is for the human resources department to sit down with them and ask them directly. What do they feel and what do they need

This way, more subjective answers are obtained, but also much more profound for understanding the employee's real situation, allowing the company to make the most appropriate decisions in each case. For example, thanks to this type of approach, which focuses on the employee experience as opposed to more traditional or generic approaches, it's possible to determine whether an employee views their commute to their place of work positively or negatively. Consequently, the possibility of expanding the benefits offered by the company through the implementation of Transport Ticket, Nursery Ticket or Ticket Restaurant, which will help to improve the employee experience in that specific area. 

This can be applied to any element of the worker's experience, from the move to other aspects such as salary, or any element of social benefits that may influence their final experience. And, consequently, improve their situation in the company, thus also improving their performance and avoiding possible early turnover. 

What are the advantages for the company.

Taking the employee experience into account from a business perspective offers many advantages, both for the employee and for the company itself. Some of the most important ones are as follows:

  • A more satisfied and happy workforce equates to a more productive template
  • Improves the Turnover rate and with it, recruitment and training costs are saved. 

An employee-friendly environment attracts and retains talent.

Edenred Spain