Return On Investment.
Organizations that have engaged employees are far more successful.
Consider that a 15% increase in Employee Engagement can result in:
19
29
40
Disengaged employees cost organizations 1/3 of their annual salaries.
How many disengaged employees are in your organization?
33
Engaged
Engaged employees are committed, energetic and often contribute their discretionary effort - going the extra mile to make good things happen. They are the people you are excited to see on Monday morning and the ones who would gladly take time to help if one asked them to. When things go sideways, they are first in line to help get things back on track.
52
Disengaged
Disengaged employees are best described as average people. They come to work on time, take breaks on time and they always go home on time. They are simply there to exchange time for a paycheck. When unexpected things arise, they are too busy with their tasks to lend assistance. They may have a needed solution, but are unwilling to share.
15
Actively Disengaged
Actively disengaged employees are looking for the door. They can be toxic - sabotaging processes and trying to take others with them down their path of discontent. They have the mindset that they are above certain tasks and coerce others to do them in their stead.
What is it worth to your organization to increase employee engagement by 15 percent or more?
A tech company in Utah had these figures in 2019
Annual Revenue
23500000
Average Annual Salary for Tech in Utah
84000
Number of Employees
162
Event Cost Including PTO
275076
19% Increase in Sales
4465000
ROI Spending L&D Budget on Employee Engagement
16.2
ROI includes paid time off (PTO) to attend 2 full-day events at $499 each.
PTO was calculated from Annual Salary with 20 working days per month.
Achieve success in your organization today!
References
https://www.designingdigitally.com/blog/how-establish-budget-for-employee-training-development
https://www.gallup.com/workplace/285674/improve-employee-engagement-workplace.aspx
https://www.forbes.com/sites/karlynborysenko/2019/05/02/how-much-are-your-disengaged-employees-costing-you/?sh=4b34d3ae3437
https://www.linkedin.com/business/learning/blog/learner-engagement/how-to-calculate-the-cost-of-employee-disengagement
https://www.americanexpress.com/en-us/business/trends-and-insights/articles/how-much-disengaged-employees-really-cost-you/
https://healthcaremba.gwu.edu/blog/benefits-employee-development-increasing-engagement/
https://www.gallup.com/workplace/284180/factors-driving-record-high-employee-engagement.aspx
https://www.inc.com/ariana-ayu/the-enormous-cost-of-unhappy-employees.html
https://hbr.org/2020/08/without-compassion-resilient-leaders-will-fall-short
https://newsroom.siliconslopes.com/magazine/flexibility-and-the-future-of-work/
https://blog.trello.com/form-storm-norm-perform-stages-of-team-productivity
https://www.slideshare.net/BusinessEssentials/focusing-on-employee-engagement-how-to-measure-and-improve-it
https://news.gallup.com/poll/241649/employee-engagement-rise.aspx
https://www.gallup.com/workplace/236297/strengths-based-employee-development-business-results.aspx
https://www.gallup.com/workplace/269405/high-performance-workplaces-differently.aspx
https://www.ibm.com/thought-leadership/institute-business-value/report/closing-skills-gap