70% of employees hate their jobs…
Well, what the study really reveals is that 50% of employees
are not engaged and an additional 20% are disengaged and not reaching their
full potential, according to the Gallup study “State of the American Workplace”
http://www.gallup.com/strategicconsulting/163007/state-american-workplace.aspx
which surveyed 25 million employees in the US. And of the remaining 30% who are
categorized as inspired, only 22% of them are considered engaged and thriving.
Why should companies care?
Employees in the top 25% (those being engaged) have:
·
50% fewer accidents
·
41% fewer quality defects
·
And incur less healthcare costs
Organizations with a high ratio of engaged employees (the
survey cites 9.3:1 engaged to disengaged) have 147% higher earnings per share
(EPS).
Dis-engaged employees cost
Gallup goes on to indicate that the cost of a bad manager is
$450 Billion to $550 Billion annually.
The cost of presenteeism, a measure of lost productivity
cost due to an employee at work but not engaged usually due to mental,
emotional or physical health issues, is now considered to cost 7.5 times more
than absenteeism, or approximately $2,000 per employee annually (Source: http://ezinearticles.com/?Presenteeism:-The-Hidden-Costs-of-Business&id=40408).
Who are the employees?
Contrary to what some think, remote workers actually log
more hours than their onsite counterparts; and women on average are slightly
more engaged than men.However, millennials are more likely to consider another job after 12 months in a job; they are also more likely to consider becoming their own boss.
How do you improve employee engagement?
Ask. Listen. Act.
Conducting employee engagement surveys is an art that
frankly has been abused. It’s not enough to ask questions – they need to be
questions that can be acted upon and that are highly relevant. Employers need
to follow up with action quickly after surveying employees or its all for not.
Employees will feel that they aren’t being listened to if issues and ideas aren’t
addressed. The best thing a company can do is to communicate – even if there
are some issues that can’t be solved quickly, acknowledging them goes a long
way in making an employee feel their opinions and feelings are being considered
and respected.
Leadership engagement
Engagement must be supported from the top down in order for
it to rise up! Managers play a key role in engagement but they must feel
empowered and supported by leadership to make any impact. Trust needs to be
built through consistency in words and actions with transparency in
communications. The company culture, goals and brands need to be communicated.
Employees who understand a company’s goals and their role in achieving those
goals are more likely to take pride in their work.
Managers need to be skilled in supporting and empowering
their staff by listening and focusing on an employee’s strengths and talents.
The manager needs to work with employee to set achievable goals and help them
to track their success. Employees need to understand how they can grow their
career and what their role is and how it can evolve.
Getting to Employee Engagement
Communicate. Communicate. Communicate.
A good communication strategy is implemented to allow two
way communications. Employees want to understand what the company does and
their role. In a research report by Blessing White: The Employee
Engagement Report Update http://www.blessingwhite.com/EEE__report.asp
The top contributors to drive engagement are:
·
Greater clarity about what the organization
needs me to do – and why (align employee goals and performance to the company’s)
·
More resources (provide employees with the
support they need to achieve their goals)
·
Regular, specific feedback about how I’m doing
(managers need to constructively tell employees how they are doing and how they
can improve)
·
Development opportunities and training (managers
should work with employees to identify opportunities for growth and learning)
·
A coach or mentor other than my manager
(leadership should support coaching and mentoring as a means to develop staff)
·
Better communication with my manager (weekly
meetings and reporting schedules, as well as performance sessions should be
implemented)
·
A better relationship with my coworkers (supporting
a team environment including social activities that encourage interaction as
well as communication mechanisms to highlight employee achievements)
It’s important to
recognize that people are motivated by different things – money, recognition,
environment, relationships, etc. But everyone wants to feel that they are being
heard. So listening to your employees is key to understanding them. And then
keeping the communication channels open so there is a two way conversation occurring
in the organization is the best way to support engagement.