Time to Start Monitoring Employee Engagement
21May10
Companies need to begin monitoring employee engagement. Recent research by Caburn Hope revealed that a mere 59 percent of companies carry out annual surveys to determine their current level of employee engagement. 78% of employer respondents in the online poll confirmed they have conducted some form of Employee Engagement survey, which means that 22% still don’t see any importance in employee feedback and engagement.
Caburn also points out that research by the Corporate Leadership Council has determined that a 10% rise in employee engagement yields minimally a 6% productivity increase. Employee engagement directly affects the bottom line – it’s time to start measuring it.
Filed under: Employee Feedback | 3 Comments
Tags: Employee Engagement, Employee Feedback
A handful of employers have found that developing and maintaining a highly engaged workforce is a differentiator that can make competing with them quite miserable. More importantly, creating a great workplace is not something that is limited to any industry or geography. Building a great workplace is about a mindset of senior leadership that prioritizes and puts resources to the cause. The most engaged employers also know this is something that isn’t built overnight— it isn’t a “we’ll do this for a month and trying something else”– they know it is a sustained effort over time that can create a unique, competitive advantage.
Thanks for the comment Mark. Engagement is indeed a result of sustained efforts over time.
I’m actually surprised that it’s as high as 59%. In my 25 year career, I can recall participating in one such survey and I’ve worked in Fortune 500, entrepreneurial start ups, and international companies. Individual leaders wishing to do better and create a great team culture can push ahead in this regard without the rest of the company. Gallup’s Q12 is a great tool. And there’s plenty of evidence that more satisfied employees leads to more satisfied customers.