Engaged employees provide numerous benefits.
- 81% Lower absenteeism
- 43% Less turnover (in low turnover organizations)
- 23% Higher profitability
- 18% Higher productivity
- 10% Higher customer loyalty and engagement
But the vast majority of employees lack passion or motivation.
Only 35% of U.S. employees are engaged.
The key to engagement lies with managers.
70% of the variance in team engagement is determined solely by the manager.
3 things employees want from their managers:
1. Growth and development opportunities
2. Recognition and appreciation
3. Communication and feedback
Have continual conversations about development and performance.
3x Increase in engagement among employees who receive daily feedback from their manager versus those who receive feedback once a year or less
Recognition for good work doesn’t have to be monetary.
55% Improvement in engagement by addressing employees’ need for recognition through nonfinancial means
Inclusive organizations increase employee engagement.
Nearly ¾ of employees who feel very included say they are entirely engaged.
How to increase engagement? Rethink your work philosophies.
Instead of Paychecks > Think about Purpose
Instead of Satisfaction > Think about Development
Instead of Bosses > Think about Coaches
Instead of Annual Reviews > Think about Ongoing Conversations
Instead of Weaknesses > Think about Strengths
Instead of Job > Think about Life
Sources: Gallup, 2021, Springworks, 2021, McKinsey & Company, 2020
Images by PM Images/Getty Images