My work is about inspiring purposeful engagement in meaningful work. I do it because I know I can make a huge positive difference in people’s lives. That makes me happy. But why should YOU care? Here’s some “Engagement Nerd” data for you:
Gallup research has shown that”engaged employees are more productive, profitable, safer, create stronger customer relationships, and stay longer with their company than less engaged employees.”
The consulting firm, Blessing White says that “Engaged employees are not just committed. They are not just passionate and proud. They have a line-of-sight on their own future and on the organization’s mission and goals. They are enthused and in gear, using their talents and discretionary effort to make a difference in their employer’s quest for sustainable business success.”
Hewitt Associates has reported that high engagement firms had a total shareholder return that was 19% higher than average in 2009. In low engagement organizations, total shareholder return was 44% below average.
Similarly, Gallup found that organizations with comparatively high proportions of engaged employees were much less likely than the rest to see a decline in EPS in 2008 and Wharton’s analysis of the Best Companies to Work for in America indicated that “high levels of employee satisfaction generate superior long-horizon returns”.
A recent national poll by the Conference Board found that job satisfaction is the lowest since the poll began in 1987 with only 45 percent of employees satisfied with their jobs.
Disengaged managers are three times more likely to have disengaged employees. This data from the 2009 Sirota Survey Intelligence Study.
Studies over the past few years have consistently shown that 60 percent of workers plan to look for new jobs as soon as the economy provides opportunities. This data becomes more relevant to the average manager when paired with the fact that replacing a departing employee can cost as much as 1.5 to 3.5 times their annual salary, posing a threat to the success of any organization in a fragile recovery. (Salaries Looking Up, John Dooney, HR Magazine, October, 2009).