“Employee engagement is the level of enthusiasm and dedication an employee feels toward their job. For engaged employees, the job is far more than just a paycheck. They’re eager to take on responsibilities and carry out their duties well. This passion for the job often translates into an employee’s superior performance and better outcomes for the company’s productivity. That direct correlation means business leaders will want to encourage employee engagement for a better bottom line,” according to Michelle Kankousky.
Achieving this is not an easy task; there are some strategies we can implement, but what do the statistics tell us? According to Hppy, these are the top 7 stats you should know about:
-
Over 85% of employees are not engaged at their work
According to a State of The Global Workplace report, less than 15% of employees are actively involved. This means that a mere 15% of workers show a strong emotional commitment to their company and contribute fully at work.
-
Highly engaged teams have a 21% higher profit margin
The same study by Gallup states that highly engaged teams have a 21% higher profit margin than disengaged ones. In addition, Gallup says that companies with at least one engaged employee for each disengaged employee can increase their net profit margin by 76%.
-
Engaged employees are less likely to be stressed
A study at the University of Warwick in England found that employees who feel engaged in their work are less likely to suffer from stress-related illnesses because they better understand what’s expected of them, and their job meets their psychological needs.
-
Low employee engagement costs companies $450-500 billion each year
Lack of employee engagement can impact your employees’ health and well-being, reduce productivity, increase turnover rates, and affect the overall performance of your business.
-
Over 61% of employees are burned out on their existing job
One-third of employees say that they’re most burned out on their job by having too many tasks, not enough recognition, and a lack of advancement within their current position.
-
Almost 70% of businesses have altered their physical surroundings to encourage healthy behaviors
An American Society of Interior Designers study says almost 70% of businesses have altered their physical surroundings to encourage healthy behaviors. This often includes setting up exercise rooms or fitness centers, providing more nutritious food options, and even changing office layouts to reduce long periods of sitting.
-
Engaged employees are 7x less likely to leave their current position
A study by Human Resources consulting firm Mercer found that engaged employees are seven times less likely to leave their current position than disengaged employees. This is important for your business because a high turnover rate can be costly. The cost of losing an employee and replacing them can be up to 2-5 times their annual salary!
Were you surprised about any of these 2022 Employee Engagement stats? Share your thoughts in the comments section below.
Did you find this article useful? Share your feedback
Join the Conversation
Grow Your Network, Build Your Career