Date post: | 07-Aug-2015 |
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The Evolution ofEmployee Engagement
• www.wespire.com • [email protected] • @goWeSpire
AN ANNUAL REPORT & RESEARCH JUNE 2015
Why is Employee Engagement critical to a company’s success?
Where employees are engaged, business have:
22% higher profitability
10% higher customer ratings
28% less theft
48% fewer safety incidents
And employees are:
3x as likely to stay with the organization
Gallup’s “State of the American Workforce Report 2013” (Gallup, June 11, 2013)“Why You Hate Work,” Tony Schwartz & Christine Porath (New York Times, May 30,
2014)
How isEmployee Engagement evolving in the workplace?
Lack of awareness of EE
27% of employees work for employers with an official employee engagement policy
33% of employees do not know if their employer has an official policy
Inconsistent ownership of EE
31% Human Resources
28% Employees
25% Management Team
Employees want
employers to do more
57% of all respondents
76% of Millennials
Employees want
to do more
50% are interested in volunteering, sustainability, well-bring or social responsibility initiatives
71% of Millennials
What are the drivers of Employee Engagement in the modern workplace?
1 GREAT MANAGERS
Managers that Care
89% of Very Engaged employees feel like their manager or supervisor cares about them
28% of Not At All Engaged employees answered positively
Frequent & Regular Recognition
74% of employees who are recognized daily are Very Engaged
26% of employees are Somewhat Engaged
Meaningful Work
97% of Very Engaged employees feel like they are making meaningful contributions to their team or organization
52% of Not At All Engaged employees feel this way
2 TRANSPARENCY
Visibility into EE Company Policy
55% of employees are engaged with a policy
40% of employees are engaged without a policy
89% of employees who are able to access information about corporate initiatives are engaged
Whereas only 76% of employees are engaged at organizations who cannot easily access information.
Access to Information
3 CHOICE & COLLABORATION
Workers who have a choice in the types of programs they can positively impact — whether it be volunteering, sustainability, well-being or corporate responsibility — are more likely to be engaged
Workers who are Very Engaged have an average of 2.92 impact programs to participate in whereas Not At All Engaged Employees have an average of less than 2
Choice in Positive Actions Taken
Ability to Collaborate on Outreach
52% of employees who do have a method for collaboration are Very Engaged
39% of employees are Somewhat Engaged
How can employers impact Employee Engagement?
Align employees work with corporate mission, values and goals
Deliver strong & transparent communications
Involve employees in corporate positive impact programs
Develop great managers to build meaningful & impactful relationships with employees
BEST PRACTICE: Utilize technology to integrate these pro-cesses into all aspects of business – changing behavior for lasting impact.
How can employees impact Employee Engagement?
Participate in and collaborate with colleagues on corporate positive impact programs
Contribute to building an inclusive and positive action oriented culture
Build meaningful relationships
with your manager and colleagues
BEST PRACTICE: Identify how you want to impact business, and break down your goals into small, actionable steps to achieve re-sults.
What are the new rules forEmployee Engagement?
Invest in middle management to begin to build a culture of engagement.
1 Become a catalyst for change
Utilize technology that enables and motivates employees to engage with positive impact programs.
2 Engage in purposeful work
Forward thinking companies know that cultural change continually evolves. Measure the impact and return.
3 Your actions influence others
TAKE ACTION
BECOMEPURPOSEFUL
GETINSPIRED
Each purposeful action can trigger
exponential impact.
Visibility over time drives the adoption
and impact rate.
Invite others to raise awareness and
create a network effect.
Get Engaged!
READ THE FULL REPORT
An Annual Research Report by WeSpire. • www.wespire.com • [email protected] • @goWeSpire