A hot topic in the news recently is that U.S. worker productivity has dropped for the third straight quarter. This is the fastest year-on-year pace of decline in three years and the longest dip since 1979. Experts believe that workers are being asked to do more without the tools, resources, and support they need, creating a culture of low productivity and disengagement. A 2015 Gallup poll found that only 32% of employees are engaged with their workplace.
This is shocking. Business leaders can’t deny that the constant churn of human resources makes organizations not only less productive but also less profitable. Gallup also found that disengaged employees cost the U.S. between $450 billion to $550 billion. On the other hand, studies show that companies with engaged employees enjoy two and a half times more revenue than competitors with disengaged employees and two times the annual net income than companies with disengaged employees.
Today’s workforce is looking for purpose, not just a paycheck. When employees don’t have clear goals and objectives or know how their role makes an impact within the organization, they can become disengaged and may leave the company.continue reading »