According to the People-Element-2023-Engagement-Report, high employee engagement correlates strongly with positive performance outcomes. Organizations that focus on increasing employee engagement see growth and profits.
Lower employee engagement can lead to turnover, accidents, and absenteeism. Higher engagement rates lead to a 14% increase in productivity, an 18% increase in sales, and an astonishing 68% increase in well-being. Higher engagement leads to a “healthy” workplace where employees are connected to their work and culture. A healthy organization is 2.2x more likely to exceed its business goals.
Ask employees who leave a company the main reason for their departure, and they will likely mention how engaged they were with their leader or organization. While the aftereffects of the Covid-19 pandemic have contributed to the increasing discontent, the numbers of highly engaged employees were lower before 2020. As we put the past two years in our rearview mirror, we can change how we view and organize our teams, and a part of this involves how we engage as leaders.