What is workplace engagement?

Workplace employee engagement is quite important to organizations, and they are focussing on improving it more and more every year. Keeping workplace engagement high is much difficult than it sounds, considering globally, a mere 15% of employees are said to be engaged at their work.

Workplace employee engagement directly impacts staff motivation, employee productivity, workforce morale, employee turnover, employee experience, etc.

A recent study conducted by the Bureau of National Affairs suggested that annually, businesses in the US stand to lose $11 billion to employee turnover.

Actively disengaged workers cost organizations money, whereas engaged employees are high performing assets and make organizations money.

According to a study by Gallup, organizations that have high staff engagement rates are 21% more profitable than counterparts.

Workplace engagement insights

Traditionally, organizations did not believe workplace engagement would hamper organizational operations or success. They have changed their belief over the years, and there is significant data to back it up. Let’s look at some of that compelling data, what is ethical ai.

Organizational success

Workplace staff engagement directly impacts your business operations. Disengaged employees may not be as dedicated to their work as their colleagues, which can seriously hamper deadlines and team productivity.

A report by Harvard Business Review Analytic Services suggested 71% of executives believe staff engagement is critical to organizational success.

Expenses

Disengaged employees become a burden to the organization on account of their lack of productivity and motivation. What’s more worrisome is that they may bring the performance of the entire team down.

A survey by Gallup suggests low workplace engagement costs organizations about $450-500 billion annually.

Showing up for work

Disengaged employees do not have the motivation or the zeal to get up and get to work every day. A reason could be that they do not like the work they do anymore, or they do not get along with the team, etc.

A study by Gallup suggests that workplaces with highly engaged employees record 41% lower absenteeism.

Employee attrition

Disengaged employees leave organizations, eventually, if not right away. Low engagement levels directly impact employees’ intent to stay increasing the attrition rate.