This post was featured in Forbes.com.
Studies show that engaged employees generate an average of between a quarter to a third more profits for their companies. Fantastic, right? But here’s the question: do you think that most of your employees are engaged?
If you answered yes, chances are you’re dead wrong. According to one eye-opening study, fewer than a third of all employees can be classified as actively engaged at work. Put another way, some industry statistics show that 66% of employees are disengaged and 60% are actively looking for work.
This rampant disengagement or semi-engagement hits where it hurts - your bottom line. As HR.com writer David Bator put it, since you pay a disengaged employee 100% of their salary for 50% effort, if we assume that the average salary of an employee in a 500 person organization is $50,000, then the annual cost of disengagement for that company is over $8M, or $34,200 per day.