For one thing, high employee engagement typically translates to low employee turnover. With the price of replacing each lost worker estimated at anywhere from one half to 2X their annual salary, a growing, cash-strapped company simply can’t afford to have a retention problem. And since happy employees treat customers better, an engaged workforce means better sales, more revenue and less customer turnover, as well.

Here are five ways that high growth companies produce a more committed, happy workforce – with results that make CEOs smile.