Earnings Per Share grew 2.6 times more among companies with top-quartile employee engagement levels…
Survey data from 41 organisations, with over 1 million employees worldwide, who used employee engagement/recognition and reward strategies, showed that 75% realised improvements in their survey scores, regardless of the economic downturn.
According to Hewitt Associates, every engaged employee is worth about $5,000 each year in additional profit.
In the 2008 Employee Involvement Association Suggestion System Survey – 33 participating companies reported a total saving of over $564 million – an average saving of $9,000 per implemented suggestion.
Those companies who have both staff and customers engaged outpace their competition by 26% in gross margin and 85% in sales growth.
KPMG's People First Recognition Program has reduced turnover by 3.6%, saving $3 million and $5 million per annum.
The Hewitt Survey noted that 'Best Employers' average profit growth outstripped that of the other organisations in the study by 25% to 21%.
Towers Perrin found that firms with the highest percentage of engaged employees collectively increased operating income 19% and earnings per share 28% year-to-year.
Towers Perrin research showed that only 14 percent of employees worldwide consider themselves to be fully engaged in their work.
Voluntary employee turnover is at a record high of 14 percent... work / life balance is the most important factor in employee attraction and retention.
85% of a company's capital is derived from intangible assets such as knowledge, technology/intellectual property, brand/reputation and human talent.
Watson Wyatt found 44% of companies surveyed actually encouraged an increase in the use of Recognition Plans during the recession and 64% expect to keep their Recognition Programs permanently.
Companies in the top quartile on both engagement and enablement, exceed industry averages on five-year return on assets, return on investment, and return on equity by 40 to 60%.
An exceptional worker can deliver up to 40 percent more value to the Company than his or her average counterpart... which can translate into enormous financial gains.
70% of organisations have adjusted their reward-and-motivation programs during the past 12 months… 27% made changes to increase employee motivation.
Companies with high levels of employee engagement ... improved their operating income by 19.2%...
69% of workers surveyed say that non-monetary forms of recognition provide the best motivation.
International Survey by Accenture, show 67% of job seekers target employers who recognise and reward accomplishments.
Incentive Programs increase Individual Performance by 22% and Team Incentives by 44%.
Most Companies use a variety of disjointed programs to recognise and reward their people. Learn how to get more from your employees without paying more...
Despite the uncertain economy, 77% of Australia's work-force are keeping their options open for a role that better fits their needs.
Disengagement stifles productivity - it is a cost to business of $33.5 billion a year.
A 15% improvement in employee engagement can mean a 2% increase in operating margin - Towers Perrin.
A 10 year Fortune 500 Study showed that those companies with high employee engagement outgrew lesser engaged companies by 4:1.