According to Hewitt Associates, every engaged employee is worth about $5,000 each year in additional profit.
Telling employees what to do goes only so far. To get the most out of your workforce, you need to build engagement…
Voluntary employee turnover is at a record high of 14 percent... work / life balance is the most important factor in employee attraction and retention.
25% of top-performing employees plan to leave their companies when the right opportunity present itself. Innovation is an opportunity to re-engage the workforce
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 high-engagement firms experienced an earnings-per-share (EPS) growth rate of 28%, compared with an 11.2% decline for low-engagement firms."
Incentive Programs increase Individual Performance by 22% and Team Incentives by 44%.
McKinsey&Company have found that a … high-performing sales force can boost its share of a customer’s business by an average of 8 to 15 percentage points
The case for Sales Incentives and Product Knowledge... McKinsey research indicates that as many as 40 percent of customers remain open to persuasion once they enter a store.
Foodstuffs – New Zealand’s largest retail group, used a culture change program to ensure focused growth. Within the first year, ROI on the project exceeded $600,000…
85% of a company's capital is derived from intangible assets such as knowledge, technology/intellectual property, brand/reputation and human talent.
Business Units within organisations in the top engagement quartile have 44% higher profitability than those business units in the bottom quartile
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.
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.
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%.
Earnings Per Share grew 2.6 times more among companies with top-quartile employee engagement levels…
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.
Companies with high levels of employee engagement ... improved their operating income by 19.2%...
Global Research has revealed High-Performance Engagement Index Companies produced shareholder returns 9.3% higher than the returns for the S&P 500 Index from 2002 - 2006.
Employee Recognition by Supervisors and Managers can turbocharge Employee Engagement - increasing it in some cases by as much as 50%.
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.
64% of Business Leaders agree that improving individual performance is critical to achieve growth targets
Despite the uncertain economy, 77% of Australia's work-force are keeping their options open for a role that better fits their needs.
70% of organisations have adjusted their reward-and-motivation programs during the past 12 months… 27% made changes to increase employee motivation.
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...
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.
Towers Perrin research showed that only 14 percent of employees worldwide consider themselves to be fully engaged in their work.
69% of workers surveyed say that non-monetary forms of recognition provide the best motivation.
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.
International Survey by Accenture, show 67% of job seekers target employers who recognise and reward accomplishments.