Research consistently shows that just one in three employees are truly engaged, about half are coasting along in a state of disengagement and the rest are active disrupters. That’s right - about 18% of employees are being paid to disrupt the workplace and damage your brand.
But what exactly is employee engagement, what effects can it have on your business and how can you amplify great employee activity to increase engagement.
The definition of employee engagement.
To put it simply, an engaged employee understands the company’s goals, understands their role in achieving those goals and will go above and beyond to help the company get to where it needs to be.
Why employee engagement is important.
Companies with higher levels of engaged employees continually out-perform the competition. In fact, 94% of the world’s most successful companies believe that high levels of engagement are a competitive edge. Engaged employees create greater value, are more productive, more connected to the impact their actions have and more committed to company success.
That’s the staggering cost to the Australian
economy of disengagement according to
Ernst & Young’s Australian Productivity Pulse.
That’s an average of $26,300 per employee.
What does that mean for your company? If you have 100 employees, lack of engagement could be costing you more than $250,000 per year.
So how can you improve these figures?
How to improve employee engagement.
While there is no single action or activity that will magically improve the numbers on the next HR survey, research on employee engagement commonly finds that the top influences of engagement are not necessarily what you think they might be. Pay comes into the equation, but there are other factors that employees rate more highly when it comes engagement.