If there is one thing that can make or break a company, it is the employees that work for it and whether or not they’re productive. More specifically, it is the various traits and mentalities of employees that determine the success of a company.
Employees that are engaged and like what they do, overall, are more productive and earn their businesses more money. However, in many industries, including the healthcare industry, engagement is challenging. Employers struggle to find ways to engage employees, while employees also have difficulty finding ways to stay engaged.
If you’re interested in learning more about how much more productive employees are when they’re engaged, keep reading.
Engaged Employees Are More Productive
Did you know that, according to HR Cloud, only 36% of employees are engaged at their workplace? More specifically, 51% of workers identify themselves as not being engaged, meaning that they feel psychologically unattached to their work, bored of the work, or are looking for better employment opportunities.
In other words, this means that 63% of employees are not engaged with their work and aren’t satisfied with it.
With the level of uncertainty surrounding the future of how businesses will operate going forward, it is more important than ever for business executives to delve deep into the statistics and general data regarding employee engagement to improve their businesses in 2021 and onward.
Even worse, the remaining 13% of employees report feeling actively disengaged, having miserable experiences, and dislike what they are doing.
Engaged Employees Bring More Profit For Businesses
Employee engagement has a sizable difference in terms of the overall profit businesses are likely to earn. It has been found that highly engaged workplaces are 21% more profitable on average than workforces that employ workers with low engagement. While it may not be surprising that there is a difference in terms of overall profitability, the almost one-fourth jump is a significant amount and should not be understated.
Engaged Employees Are Better At Customer Engagement And Loyalty
Workers who actively like what they do have a higher likelihood of impacting the customers they serve. There is as much as a 10% difference in terms of the loyalty and engagement that customers show toward a business with a highly engaged workforce.
Customers are the lifeblood of a company; without a steady flow of customers, businesses will inevitably fail. Having employees who not only do business with a store but also love doing so are likely to do so due to the employees who work there. Executives should take note that engaged employees also result in more engaged customers, as well!
Businesses with Engaged Employees Are Less Likely To See High Turnover
Depending on the business, training new hires can be both costly and time-consuming. One of the best ways to avoid having high turnover is to make sure your employees are engaged with the work they are doing.
Overall, businesses can expect to see as much as a 67% lower turnover if they employ extremely engaged employees. The need to keep employees around for a lengthy tenure is important to refining their skills and improving profits. Keeping your employees engaged is one of the best ways to ensure they will stay with you for a longer period.
Companies With Engaged Employees Are Significantly Less Likely To Have Safety Incidents
Having to read or hear about an employee getting burned, cut, or anything else along those lines is never a pleasant thing. Whether it is due to tripping and falling, a machine malfunction, or anything else, there are many ways for employees to get hurt while on the job.
Fortunately, a very easy way to drastically drop this number is for businesses to simply ensure their employees are engaged. It has been found that companies with highly engaged employees are up to 70% less likely to get injured via an accident than companies with less engaged workers. If businesses wish to reduce the number of annual safety incidents they incur, it is vital to keep their employees engaged with the work they are doing.
Theft Is Less Likely Among Engaged Employees
It has been said that most thefts of company property come from the employees that businesses employ. Whether or not this is a pencil or an expensive piece of technology,
businesses can reduce the amount of thievery involved internally by keeping their employees happy.
Workplaces with engaged employees have 28% fewer instances of theft than businesses with employees with low engagement. This goes to show that crime does not pay…for the employee and the business!
Engaged Employees Are Drastically Less Likely To Skip Work
Many people, whether or not they like their job or not, wake up just wanting to take the day off. However, those engaged in the work they do are much more likely to shrug off that thought and not skip out on work.
For businesses with engaged employees, there is as much as a 41% reduction in annual absenteeism than businesses that have employees with low engagement. While work cannot always be all fun and games, keeping your employees engaged will help keep them from wanting to bail on their duties.
Business That Manufacture Products Have Fewer Defects When Employees Are Engaged
Not all businesses create consumer products and goods. For those that do, however, making sure as few of these products are defective is critical to reducing costs related to replacing these products.
When it comes to defects on production lines, businesses with highly engaged employees see a 41% drop in defects annually than those who are not engaged in the work they are doing. For businesses like car and toy manufacturers, keeping employees engaged is one of the best things a business can do to decrease expenses incurred from defective products.
Being Engaged Causes Employees To Have Higher Wellbeing
This probably seems like common sense on a surface level. However, the overall increase of general happiness for engaged employees may come as a surprise to some.
While happiness is a vague concept that is hard to define, it is a fact that employees that are engaged with their work report having 66% higher overall wellbeing in their lives than employees who are not engaged with what they are doing. While satisfaction and happiness are fickle things, employees who are engaged are statistically happier than their unengaged counterparts.
The Key Takeaways
Engaged employees are more productive. They increase profit for their companies and become overall better brand ambassadors. Engaged employees are also have a positive effect on the workplace. Their energy spreads positivity to other employees. Engaged employees are also less likely to skip out on work, so they won’t encourage their co-workers to do the same.
Based on these findings, one would think that business executives would be jumping on the opportunity to try to satisfy their employees in any way they can. However, the numbers show this is rarely the case most of the time.
So why is this? There is no one answer but a variety of reasons. Whether it is due to poor management, a workplace that encourages gossip and negative talk, unsafe and abusive work conditions, or anything else, it is clear that America has a long way to go before the majority of Americans can report high engagement at their job.
While reaching for 100% job engagement is nothing short of unrealistic, businesses should still improve workplace conditions to engage their employees as much as organisationally possible and make both employees and productivity in the workplace higher.
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