Novation HR
Expert HR consulting and administration for small and mid-sized businesses.
Expert HR management and administration for small and mid-sized businesses.
Employee Engagement
A recent study by the Gallup Group involving thousands of participants revealed that up to 71% of your workforce are not engaged in the success of your business. Your investment in human capital can make or break your business, as employee engagement affects an employee’s involvement with, commitment to, and personal satisfaction with their work. Employee engagement is an important factor in employee retention as well.
A business can increase profits by moving people from disengaged to engaged, or by firing disengaged employees and bringing in new employees and actively engaging them.
A typical workforce:
- 55% “not engaged” – do their jobs but are not highly engaged.
- 16% “actively disengaged” – actually work against the best interests of company.
- 29% “highly engaged” – put in extra time, think about their jobs during off-hours, are energized, and generate the most per-employee profit.
* These statistics are widely accepted in the industry within a couple percentage points
What this means to your business:
- “Highly engaged – employees are 90% productive.
- “Not engaged” – employees are 60% productive.
- “Actively disengaged” – employees are only 40% productive.
According to a 2013 survey, “America’s Workforce: a revealing account of what employees really think about today’s workplace 40% say they don’t get the company’s vision or have never seen it.” And only 43% say they feel accountable for the company’s revenue, profit, or growth. The results of the 2012 “American Psychology Association Workforce Retention Survey” revealed that only 56% feel connected to the organization, and only 51% feel their job gives them the opportunity to make a difference.