Employee Engagement: Is this another passing fad amongst HR professionals or are there real benefits from having a highly engaged workforce?
We’ve collated some of the latest statistics showing why employee engagement is a meaningful metric for managers to measure, and the impact it can have on the bottom line
The Stats
- Two-thirds of workers are satisfied with their jobs overall (CIPD)
- 18% of workers are very satisfied with their jobs (CIPD)
- 46% of workers are satisfied with their jobs (CIPD)
- Roughly one-fifth of workers are dissatisfied and are likely to quit their role in the next year (CIPD)
- 59% of UK workers would work even if they didn’t need the money (CIPD)
- Nearly half of all jobs fail to provide decent career development (CIPD)
- 30% of workers have workloads that are to some extent unmanageable (CIPD)
- 1 in 20 workers are swamped by what they do each day at work with ‘far too much’ work (CIPD)
- 80% of employees rate their relationship with their managers positively (CIPD)
- 44% of workers say work has a positive impact on their mental health (CIPD)
- 55% of workers feel under excessive pressure, exhausted or regularly miserable (CIPD)
- The average employee works five hours per week more that they would like to (CIPD)
- Nearly two-thirds would like to reduce their hours (CIPD)
- Employees in the private sector are the most positive about having a voice in the workplace (CIPD)
- Employees in the voluntary sector are the most least about having a voice in the workplace (CIPD)
- Organisations with high employee engagement levels outperform their low engagement counterparts in total shareholder returns and higher annual net income (EngageForSuccess)
- Companies with high and sustainable engagement levels had an average 1 year operating margin that was close to 3 times higher than those with lower engagement (Towers Watson)
- 70% of the more engaged companies have a good understanding of customer needs against only 17% of the disengaged (PWC)
- 59% of the more engaged employees say that work brings out their most creative ideas, against 3% of the less engaged (Gallup 2007)
- 94% of the world’s most admired companies believe that their efforts to engage their employees have created a competitive advantage (Hay)
- Companies with highly engaged staff report employees taking an average of 7 absence days per year, approximately half the 14 days per year reported in low engagement companies (EngageForSuccess)
- Highly engaged organisations have the potential to reduce staff turnover by 87%; the disengaged are four times more likely to leave the organisation than the average employee (CLC 2008)
- Rentokil found that their teams that most improved engagement saw retention increase 6.7%, providing an estimated saving of almost £7million
- 54% of the disengaged say work has a negative effect on their physical health as against 12% of the engaged (Gallup).
