An Engaged Culture and Your Bottom Line

A great culture gives you a competitive edge.  From individual contributors to the top executive, employees are a companies greatest resource and the reason for its success or failure.  Engagement is all about accentuating the positive and sometimes we have to take the necessary steps to ensure we are creating a culture of engagement. 

Where engaged cultures exist: 

• Highly engaged business units achieve 59% less turnover (Gallup's State of the American Workplace report).
• 55% of businesses say that stronger engagement would improve their ability to either retain, recruit or carry out succession planning (CBI's 2018 survey).  

A 2015 poll by Gallup showed that disengaged employees outnumbered engaged employees two to one.   The net negative impact of disengaged employees result in poor morale and productivity.  Some sobering statistics to consider:

• 60 to 70% of all employee turnover is voluntary (ADP Research Institute's Revelations form Workforce Turnover report).
• Top reasons for leaving a job include the following:  insufficient pay (44%), limited career paths (43%), lack of challenging work (30%), work-life balance (28%), and lack of recognition (27%).  (Randstad's Employer Brand Research report).  

The following components are critical to creating a culture of engagement:

• Leadership with a clear vision of the mission.
• Clear communication of the mission.
• Buy-in by the employees. 
• Support of company goals with the confidence that the organization cares.
• Transparency.