An old wives tale insists that happy employees are productive employees. A modern twist to this old metaphor suggests that an engaged employee is a profitable employee. In today’s constant battle of the talent war and rising administrative costs employers cannot afford to have anything less than engaged employees. This is difficult to achieve for what satisfies one employee may not necessarily satisfy the next. The trick then is to ensure that companies have strategies and programs that offer variety of opportunities to stimulate engagement.
SIX TRAITS OF ENGAGED EMPLOYEES
COMPANY COSTS OF DISENGAGED EMPLOYEES:
• 3.4% OF ANNUAL PAY
• OVER 32% LOWER OPERATING INCOME VS. COMPANIES WITH ENGAGED AND HIGHLY ENGAGED EMPLOYEES
• 10-13% EMPLOYEE TURNOVER
SHOW ME THE ROI….
According to Gallop, Inc., a leading research-based performance-management consulting company, the remaining 70% of U.S. employees are “not engaged” or “actively disengaged.” These people “are emotionally disconnected from their workplaces and less likely to be productive,” reports Gallop. “Currently, 52% of workers are not engaged, and worse, another 18% are actively disengaged in their work. Gallup estimates that these actively disengaged employees cost the U.S. between $450 billion to $550 billion each year in lost productivity.”