The Reality: Not Receiving Employee Feedback is Expensive
Lost productivity from disengaged employees costs the US economy approximately $370 BILLION each year. (Gallup)
According to a recent survey, nearly 70% of engaged employees have a good understanding of how to meet customer needs while less than 18% of non-engaged employees say the same. (Wright Management)
Nearly 78% of engaged employees would recommend their company’s products of services, compared to approximately 13% of disengaged employees. (Gallup)
According to a global sample of 60 companies and organizations, the Corporate Leadership Council (CLC) determined that over 80% of senior human resources (HR) professionals view employee engagement was a high priority for 2009. Private sector HR managers of senior levels state that the primary challenge they currently face involves employee engagement.
Nearly 86% of engaged employees say they very often feel happy at work, opposed to11% of the disengaged employees. Approximately 45% of engaged employees say they receive a great deal of their life happiness from work-related interactions, as opposed to 8% of disengaged employees. (Gallup)
A report from Accenture determined that less than half of all chief financial officers (CFOs) appear to understand the return on their investments in human capital. (Accenture)
Approximately 75% of managers and leaders have no plan or strategy for employee engagement despite that 90% of them say engagement impacts on business success. (ACCOR)
And the list goes on and on…
Source: Human Resources Employee Engagement Statistics
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