What is the ROI of ConnexWork?

Employee engagement directly impacts your company's bottom line. As a leader in the trades, you understand how difficult it is to keep your workforce motivated, productive, committed, and aligned with company values and expectations. This challenge grows when teams work across multiple job sites and away from the home office. Disengaged employees slow down projects, increase turnover and hiring costs, and reduce profitability.

Gallup research underscores just how critical employee engagement is to your business. Construction companies with highly engaged teams see a 23% increase in profitability and a 21% boost in productivity. They also experience a remarkable 59% reduction in turnover compared to companies with lower engagement. On the other hand, disengaged employees cost the global economy $8.8 trillion in lost productivity.

Industry research reveals that today's workforce values more than just a paycheck and an occasional thank you.  Employees view their work as part of their identity.  They want to feel a strong connection to their employer and align their company values with their own.  They want meaningful recognition from their peers and their supervisors.  Finally, they want consistent communication and to know what's going on around their company and industry.

Enter ConnexWork, a company social platform created by an electrical contractor to tackle all of these industry-specific challenges and the engagement needs of your workforce.

The Solution for Your Industry Challenges

It's clear that having a more engaged workforce leads to higher profit margins and greater productivity, but how does ConnexWork help you tackle this common industry challenge?  The short answer is by creating real connections between your employees, promoting peer-to-peer recognition, rewarding engagement, and aligning everyone to your company's core values.  When these fundamental aspects of engagement are met, research shows your team becomes more profitable, productive, safer, and more dedicated to your company's mission.

ConnexWork is specifically designed to address the unique challenges construction companies face, such as desk-less dispersed workers and fluctuating workforces. An investment in our platform is an investment in your long-term profitability, sustainability, and ability to retain your top working talent.  ConnexWork's features all work together to positively impact your bottom line and reduce the costs of turnover, safety accidents, and disengaged workers.  By enhancing team alignment and promoting employee recognition, ConnexWork ensures your workforce remains engaged, motivated, and committed, delivering a clear return on your investment.

Connecting Your Dispersed Workforce

Your teams are often scattered across multiple job sites, making personal connections fundamental to your company alignment, efficiency, and morale. ConnexWork empowers your employees to foster stronger connections and build a deeper sense of belonging with their employer and peers.

• Improved Team Culture: Foster stronger workplace relationships through an interactive feed that enables media sharing and collaboration, ensuring your employees stay connected no matter their location.
• Effective Collaboration: Easily post job site progress, crew photos, tips and tricks, and coordinate efficiently. 
• Promoted Interactions: ConnexWork brings your dispersed workforce together on
  one platform, where team interaction, recognition, and collaboration are easy and
  rewarding.

Your Return

Forbes suggests that companies with effective internal communication practices are significantly more likely to lower employee turnover, helping you retain skilled workers and reduce costs in your hiring cycles. Gallup research on employee engagement further supports this, as they found that engaged teams experience turnover rates that are 21% to 51% less than disengaged teams. Connecting your team to an engaging platform for company interaction and employee recognition is the first step toward achieving a major competitive advantage in recruiting and retaining your top talent.

Fostering a Culture of Recognition

Your employees put in long hours and hard labor, often under challenging conditions. Authentic recognition strengthens team morale and increases employee retention by ensuring your team’s efforts are valued and rewarded at every level of the organization. ConnexWork provides a structured yet flexible way to highlight employee contributions.

• Meaningful Recognition: Employees and managers can visibly recognize hard work and achievements with redeemable points.
• Peer & Leadership Engagement: Our peer-to-peer recognition system works up and down the organizational chart, creating a culture of appreciation and shared success from the job site to the office.
• Improve Retention: Recognized employees are 56% less likely to look for a new job, helping you retain your best talent.

Your Return

Recognition is a powerful tool for driving employee engagement, especially in construction, where hard work often goes unnoticed. HR directors and Gallup studies have realized a direct relationship between employee recognition, engagement, and motivation. Companies with structured recognition programs are 2.5 times more likely to see an increase in employee engagement, and employees who feel recognized at work are 1.5 times more likely to feel motivated to do their best. Investing in employee engagement and recognition directly improves quality assurance and client satisfaction ratings for your company.

Simplified, Consistent, Meaningful Rewards

ConnexWork enhances motivation by integrating a rewards system that allows employees to earn points and redeem them for meaningful incentives.  

• Points-Based System: Employees earn points for their engagement with the app and meaningful contributions to company success. Points are redeemed for company swag, gift cards, or custom rewards.
• Flexible Redemption Options: Companies can tailor the points system and rewards program to fit their specific workforce and culture.
• Motivate All Employees: The reward system ensures that recognition extends across the entire organization, from frontline workers to office staff, encouraging engagement even among traditionally less involved employees.

Your Return

Effective rewards programs motivate your employees and show that you value them more than the regular paycheck. When companies implement them, they experience a significantly lower employee turnover rate, reducing hiring costs and increasing profits. Along with our peer-to-peer recognition feature, ConnexWork enables you to automatically reward your employees on their birthdays and work anniversaries. Showing you value each employee and their longevity in your company strengthens your culture and loyalty, and ConnexWork makes this automatic.

Aligning and Informing Your Employees

ConnexWork's engaging posting and recognition features keep a constant flow of engagement and eyeballs on the company feed. This provides a great place to make important announcements and promote company values.

• Announcements That Pop: ConnexWork's feed highlights company announcements in orange, making users aware of the significance of the post. Users are also notified of company announcements, ensuring your messaging reaches even your least engaged workers.
• Well-Aligned Team: Employees consistently understand your company's mission, values, and goals, creating a unified and motivated workforce. ConnexWork makes reinforcing your culture to all employees simple and effective.
• Safer Workers: Immediate access to project updates and safety protocols significantly reduces workplace accidents and creates a safer working environment for your employees.

Your Return

Strategic alignment implies that employees are motivated to give discretionary effort and proactively seize opportunities aligned with their organization’s goals (Ahmetoglu et al., 2015; Brown et al., 2015). Gallup research reinforces the significance of strategic alignment, revealing that companies effectively communicating their mission and values experience 63% fewer safety incidents. Further, strategically-aligned employees are more likely to be leaders in pursuit of your company's objectives. Supporting this, studies (Lees 2020) demonstrate that strategic alignment serves as a positive mediator between manager credibility and employee motivation. Fostering clear strategic alignment inspires employees to proactively advance your company's mission, significantly improving both individual performance and overall business success.

Your ConnexWork Investment Summarized

The measurable returns on a ConnexWork investment are clear. An investment in ConnexWork is an investment in your company's bottom line figures, reducing costly safety incidents and turnover while enhancing profitability, productivity, and company alignment.  Let ConnexWork provide you with a distinct competitive advantage to help your company experience the following benefits and continue to be a leader in your industry:

• 23% increased profitability
• 21% increased productivity
• 51% reduction in turnover
• 63% fewer safety incidents

The benefits and competitive advantage our platform provides more than offset the cost.  ConnexWork is not just a software tool; it is a system that strengthens employee connections, fosters meaningful recognition, enhances company alignment, and provides your internal communication with an engaging feel. These advantages extend beyond your workforce, positively influencing client relationships, quality assurance and safety ratings, company reputation, and your overall business growth. With ConnexWork, your company is equipped to thrive in the dispersed and fluctuating work environments in the construction industry.  

ConnexWork is your solution for a more connected, motivated, aligned, and engaged workforce. Make our platform your own through our customizable features, and create a continuous cycle of celebrated team success, individual recognition, and the reinforcement of your company values. Give your company culture a boost and establish a core competency that sets you apart in your industry with ConnexWork.

Supporting Research and Insights:

• ConnexWork Enables Companies to Put ELECTRI Findings to Work – How ConnexWork effectively implements ELECTRI's research findings to improve retention, safety, and workforce productivity.
• The Cost of Disengagement in Construction – How disengaged workforces in construction negatively impact profitability, safety, quality, and reputation.
• Recognition: The Key to Engagement and Retention - How consistent employee recognition is vital for enhancing engagement and retention, leading to increased productivity and a positive workplace culture.