Are your team members fully engaged at work? Because the statistics imply that a lot of individuals across a lot of sectors are not. Engagement is the psychological commitment to work, and research has shown that a lack of engagement can be costly for all organisations.
Recent research from analytics firm Gallup was very interesting indeed. Gallup stated that:
- Only around 21-22% of the world’s employees are fully engaged at work.
- This mass disengagement is costing the world $7.8 trillion in lost productivity.
- Between 13-20% of employees were actively disengaged and acting out their unhappiness.
- These actively disengaged individuals cost their business a whopping 34% of their salary.
- So if 17.2% are actively disengaged (Gallup), at 34% of their salary (£26,193 average), this means that a company with 1,800 employees has 309 actively disengaged members of staff that cost them £11,220 per person.
- That’s a total yearly cost of over £3.4 million!
These statistics really do show how vital employee engagement is.
Good engagement doesn’t just save you these losses. Good engagement also drives an organisation on with purpose. It ensures leaders can set priorities and those working with them are aware of what’s required and actively work towards these specific targets. Good engagement means people see the purpose of their work and build valuable relationships with those around them, strengthening bonds and looking out for one another. Good engagement allows team members to feel valued, knowing their managers care about what happens to them. All of this combined is of the greatest value to any organisation.
Add to this the fact that truly engaged employees are more knowledgeable and attentive, taking personal ownership of ensuring that customers and clients are getting the service they desire, and you really start to see the importance engagement has for businesses of all sizes.
Written by Adam Rowden, creative copywriter at alterniq inspired growth
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