Gallup, through their research found that only 31.5% of U.S. employees and 13% worldwide are actively engaged in their jobs. Lack of engagement and low productivity cost up to $550 billion every year to the employers.
People are an important asset to an organization and managers can get the best out of these people by keeping them motivated and engaged. Employee engagement plays a vital role in the success of a business.
In an organization where workforce motivation is high, absenteeism reduces by 37%, overall business productivity increases by 21%, and customer ratings improve by 10%.
Employee engagement and workforce motivation are often used interchangeably. Though these two terms hold different meanings, yet they are critical to create high performing teams.
We have put together a lot of statistics, research data and thoughts in this informative infographic to give you insights on what causes disengagement amongst employees and how to motivate them. Take a note of these useful points.