The Numbers Behind Employee Engagement

posted by NextGen'rs |

For the numbers lovers out there, and we know your ranks are growing, Glassdoor has released their Engagement figures for 2015. We’re not seeing much change in terms of trends. In fact, the answers for what makes a company innovative and productive and its workers happy seem as simple and unchanging as ever. There’s no denying the correlation between employee engagement and a company’s productivity, but getting and keeping employees engaged in their work and feeling satisfied is no easy task. It starts by assembling the right crew, and creating a culture where workers can thrive.

Engagement

– 32% of U.S. workers were engaged in their jobs in 2015.

– Companies with employee engagement programs achieve 26% greater year-over-year increase in annual company revenue, compared to those who do not have formal programs

– 87% of organizations cite culture and engagement as one of their top challenges & 50% call the problem “very important”.

– Mission-driven companies have 30% higher levels of innovation and 40% higher levels of retention and they tend to be first or second in their market segment.

– 66% of HR respondents report they are updating their engagement and retention strategies.

– 49% of employees would recommend their employer to a friend.

– While 90% of executives understand the importance of employee engagement, fewer than 50% understand how to address this issue.

Managers

– Managers who are not engaged or actively disengaged cost the U.S. economy $319 billion to $398 billion annually.

– High-performing companies spend 1.5X to 2X more on leadership than other companies, and reap results that are 3X or 4X the levels of their competitors.

– 1 in 2 employees have left their job to get away from their manager at some point in their career.

– 35% of managers are engaged.

– 51% of managers are not engaged.

– 14% of managers are actively disengaged.

– 84% of organizations anticipate a shortfall in the minimum number of qualified leaders over the next five years.

– 86% of global HR and business leaders cite leadership as a top issue for 2016.

– Only 26% of employees agree that “my employer listens and responds well to me”.

– Only 18% of current managers have the high talent required of their role (that unique combination of talents needed to help a team achieve excellence in a way that significantly improves a company’s performance).

– Only 17% of employees highly rate communications from their company’s top leader and senior leadership.

– 59% of employees who are supervised by highly engaged managers are more likely to be engaged than those supervised by actively disengaged managers.

– More than 67% of Millennials believe it is management’s job to provide accelerated development opportunities to encourage them to stay.

– 69% is the average CEO approval rating.

About NextGen

NextGen is the brainchild of longtime telecom professionals with nearly 50 years of experience and millions of dollars in Telecom Recruiting Services. We focus on establishing long term relationships with our clients and candidates so we can recruit the best and the brightest in the telecom industry. This ‘quality over quantity’ approach is at the heart of everything we do and has resulted in successful job placements at Fortune 1000 firms worldwide.