As the workforce enters another year of the COVID-19 pandemic and every one having to work remotely, it is crucial now more than ever for employers...
7 Important Employee Engagement Statistics in 2021
Employee engagement is about making the employee believe in the business and want it to succeed. Their enthusiasm for doing more can also motivate other employees.
The practice of keeping employees engaged at work is often misunderstood.
For one, you would think that it is about recognizing their efforts and rewarding performance. While it’s true that this is important; it is only part of keeping employees engaged at the workplace.
Employee engagement is about making the employee believe in the business and want it to succeed. These workers want to put the extra effort to meet sales targets. Their enthusiasm for doing more motivates other employees, which can have a net positive effect on the whole company.
However, to achieve this, management and leaders must put in the effort to engage with their subordinates. In other words, engagement comes from the top.
Here are 7 important statistics to know about employee engagement in 2021:
1. Disengaged employees cost companies up to $550 billion a year
Employees who feel disconnected from their jobs will only turn in the bare minimum amount of effort to keep earning a pay check. They exhibit no passion for the job and are very likely to jump ship at the first opportunity. Actively disengaged employees can also end up spreading the negative sentiment across the entire organization.
2. 85% of employees do not feel engaged
Only 15% of the global workforce feels engaged with their job. That doesn’t mean that the majority of people are actively complaining about their work, but rather that they don’t really care about their employers. While the global workforce doesn’t feel engaged, US employees buck the trend with a substantial 34% of employees feeling engaged.
3. 81% of employees are looking for a new job
The lack of engagement shows with the number of workers that are on the lookout for a new job. Any manager will tell you that retaining talent is much harder than hiring it, and this is something you need to look out for. An engaged employee isn’t looking to jump ship, and will much more likely to stick around for the long term.
4. Companies with engaged employees were 21% more profitable
A Gallup survey showed that the top 20% most engaged teams saw a 41% reduction in absenteeism and 59% less turnover. People who are engaged don’t mind coming into the office and doing what it takes to get the job done.
5. Remote workers feel more engaged - if they get enough feedback
Pandemic imposed lockdowns pushed more companies to institute work from home policies. What’s interesting is that this has had a net positive effect on employee engagement - but only for companies that provided the right amount of feedback.
Clear lines of communication and checking in periodically with employees is a good way to let them know they’re doing a good job.
6. 76% of workers experience varying degrees of burnout
Almost everyone experiences burnout at work - at last some of the time. That said, their reasons aren’t always connected to being overworked. The top reason for feeling burnout was for perceived unfair treatment at the workplace, with other top reasons being unclear communication from managers and lack of support from upper management.
In fact, engaged employees reported that they were more prepared to work extra hours.
7. Only 55% of full-time workers feel prepared to do their jobs
Increased workplace disruption has had a dramatic impact on employees’ preparedness. Expectations that were once clear in an office setting have been blurred by being forced to work from home. This lack of direction has had an unfortunate negative effect on the employee engagement.
Management is responsible for keeping employees engaged
Creating a culture of engagement works wonders for any company. Increased productivity and morale can itself create a positive feedback cycle that keeps your employees happy.
However, it’s important to maintain this culture through constant communication and setting clear goals.
An overworked and negatively engaged workforce can have serious consequences day to day operations. After all, mega-corporations are now experiencing the effects of neglecting the happiness of their employees.
A happy employee is a productive employee - and an engaged employee makes for a happy employee.