Whether you've just begun with your startup or are looking forward to transforming the work environment in your well-established company, this post will help you a great deal. Over here, we've listed the top 9 employee engagement statistics that matter in 2022.
Using these, you can prepare an effective employee engagement strategy and take the necessary measures to maximize the productivity of your team. Let's get to it!
What is Employee Engagement?
Before we analyze the statistics, let's ensure we're on the same page. By definition, employee engagement refers to employee activity. It's an HR term.
But put simply, employee engagement is the positive attitude exhibited by employees. It refers to their level of enthusiasm towards their role and their eagerness to contribute to the betterment and success of the organization.
Nowadays, the market is becoming too saturated in almost every industry. And hence, employee engagement is a big issue. It can help a company scale up to achieve its goals or push it down to pits of doom. It can be game-changing.
9 Employee Engagement Statistics that Matter in 2022
Now, let's review the top 9 employee engagement statistics of 2022. We recommend you study each statistic's impact and relevance concerning your company to drive profitable results!
58% of employees wish their workplace conducted employee engagement surveys more frequently.
In a survey that was conducted right after the pandemic, most employees appreciated their say in the workplace. They appreciated when the employers took their feedback as it made them feel as if they were a part of the community.
In the same survey, more than half of the employees expressed their concerns regarding the minimal acquisition of employee feedback. 58 percent of employees said they wished their workplaces conducted more employee engagement surveys. And employees who were surveyed four times each year instead of once every other year engaged much more actively at the workplace.
71% of executives verify that employee engagement is a huge contributor to organizational success.
Harvard Business Review conducted a detailed study on employee engagement and released all of its findings in a journal called The Impact of Employee Performance. From this journal, we got to know that 71 percent of executives believe it's a high level of employee engagement that set their company for immense success.
Further breakdown of this percentage tells us that the biggest employee engagement driver is the recognition of high performers. It is followed by having a clear understanding of their role and contribution to the strategy, communication with senior leadership, understanding of business goals, socialization skills, and corporate training and development of the individuals.
You can use it to direct your employee engagement in the right direction. And once the situation is better, acquire employee testimonials. These will help you verify your implementation strategy. Thus, making room to proceed with the other two metrics that lead their organizational success include:
So, that's what you should follow once employee engagement has worked well enough.
61% of employees report complete burnout at jobs.
Quite unfortunately, most companies comprehend employee engagement as more work. They assign newer tasks for the time when the employee is supposed to be engaging with the team. As a result, about 61 percent of the employees report having experienced competition for burnout and this estimate is about to hike in 2022.
90% of employees admit that recognition motivates them to work better.
We all seek validation and attention. Don't we? It helps us perform better and give our best. Recently, a survey conducted also revealed the same. About 90 percent of workers say that they work even more dedicatedly once they are recognized for their efforts.
6 in 10 employers have a hard time retaining employees.
Perhaps, Willis Towers Watson contributed most to this list of 9 Employee Engagement Statistics that Matter 2022. The leading global advisory, broking, and solutions company surveyed 380 employers. The survey was conducted over five days (i.e., August 4th - 9th).
In these five days, Willis Towers Watson discovered that every 3 in 4 employers were facing difficulty attracting employees, which is twice as much as last year. Even more, about 61 reported it's more difficult to retain employees compared to hiring. Again, the count has doubled and even tripled since last year. And it's solely due to the lack of development opportunities for employees. Plus, there's a lack of networking and engagement in the workplace.
You can also use these tools to collect anonymous feedback and sort out issues that are being faced by the employees. You can also use these systems for tracking employee efficiency and evaluating the work being done by each employee.
Employee engagement boosts sales by 20 percent.
When employees engage better, they work twice as much as they usually would. Hence, you're likely to witness a 20 percent increase in sales with an increase in employee engagement. Simultaneously, profitability increases by 21% and consumer ratings increase by 10 percent.
1 in 3 employees is quitting because of boredom.
According to one survey, the majority of employees change their jobs because of boredom. While it may sound unbelievable, the lack of challenges can significantly exhaust an employee. Doing a task continuously uses the same skills again and again.
Plus, it drains the motivation to work. It even makes them feel as if they aren't able to use their expertise to the full extent. As a result, the task seems like a waste of talent and skill.
Hence, it is crucial to ensure that the employees have sufficient challenges and variation in work. Not only will this keep them engaged. But, it will also develop their skills and improve competency.
There’s an 81% decrease in employee absenteeism with an increase in employee engagement.
This particular statistic is really shocking. From wages to work culture, the major reason behind employee absenteeism is the lack of engagement. On a positive note, working on this can ensure you have a stable workforce available at all times.
But how? Of course, employee engagement is a vast topic. It's more than keeping your employees happy and content. It's about motivating, assisting, encouraging, and providing direction.
However, you can start with the two important areas; work/life balance and recognition. The majority of employees won't skip work if there's no compromise on personal life and career. Plus, encouraging them for their efforts serves as a great motivator.
Managers dictate 70% of the variance in employee engagement.
Gallup discovered that it's the management of a company that impacts employee engagement the most. Hence, it's essential to hire managers who respect differences and varying pace of work. Your managers should be leaders that make everyone in the team feel seen and heard. Plus, say no to micromanagement!
Summing up, working on employee engagement can turn the tables for your business. You can begin by arranging fun activities to boost your team's interest. It will also help in acquiring information about each employee. Further, you can use both to tailor your employee experience.
About Author: This article is written by our marketing team at HR Cloud. HR Cloud is dedicated to providing powerful solutions for your HR teams and creating an exceptional employee experience. Our aim is to help your company improve employee engagement, onboarding, and to save you valuable time!