Research Shows Investing in Employee Engagement Strategies Pays Dividends

Numbers around the level of employee disengagement have been widely reported.  And while it’s true the youngest generation is the most disengaged, as reported by Gallup, the number of disengaged employees across all generations is concerning.  What’s even more disconcerting, the reasons for lack of employee engagement are as varied as the number of individuals employed!

We now know ignoring employee engagement leads to disruption across a business.  According to the Queen’s School of Business and Gallup, employee disengagement leads to:

  • 37% higher absenteeism
  • 49% more accidents
  • 18% lower productivity
  • 16% lower profitability
  • 37% lower job growth
  • 60% more errors and defects
  • 65% lower share price over time

Employee engagement it seems couldn’t be more of an important issue for HR to address, but the answers to the engagement challenge have been limited and place a large burden on often small, in-house HR teams.

One case study to gain insight about this topic is the recent trend of employee wellness (versus engagement) programs.  After all, the foundation to a healthy business is the well-being of its employees. A study by Health Affairs reported that every dollar spent on a wellness program returned $6 on the investment.

While workforce engagement can sometimes be a happy side-effect of wellness programs, the focus on physical health lacks answers to overall engagement and the comprehensive wellbeing of employees to include mental, financial, emotional, as well as physical health.

So where to begin?  Effective employee engagement deserves the same diligent planning and analysis required for effective company strategy development.  New product or service introductions need to link across all market research, leadership buy-in, strategic planning, measurements, and more.  This same connective-tissue needs to apply to employee engagement strategic development efforts.

Given the pervasiveness of engagement challenges across the personalities and processes of a fluid organization, how does a maxed HR team allocate it’s time to a comprehensive employee engagement strategic development process?

To help you efficiently break down your time allocation, download our template for developing an effective employee engagement strategy.

Download here

Despite the massive resources required to tackle such an all-encompassing problem, employee engagement tools and programs are being developed to help businesses regardless of size.  Amp-It allocates the entirety of our focus to helping businesses solve engagement challenges and, in return, makes our results more economical and effective for you.

The world now clearly sees the results of employee engagement strategies and program execution are well worth the effort.  How to invest smartly to make employee engagement work for the wellbeing of employees and the success of the business is the next challenge.  Be ready when you’re rushing to complete next year’s budget.