The outbreak of COVID-19 has impacted the outlook of every sphere of human endeavor in the world today. Everything is no longer as usual, especially in the corporate world. For those who care about numbers, this article on Nine Employment Engagement Statistics You Need to Know in 2022 will give you an insight into how the corporate world is fairing regarding employee engagement.
It is interesting to note that a little above 20 percent of employees are engaged in their workplaces. Although some researchers have argued with this stance, the numbers are relatively between 30 percent to 40 percent of disengaged employees. Before we go into the details of these nine employee engagement statistics you need to know in 2022, let’s define the term briefly.
Employee Engagement Definition
Employee engagement is often interchanged with employee satisfaction. However, the term ‘employee satisfaction does not completely capture the scope of employee engagement. This is because employees can be satisfied with where they work and not be willing to go the extra mile for the benefit of the organization. It is possible for people to be ‘happy’ with their jobs but are not committed to improving their workplace.
So what really is employee engagement?
According to Kevin Kruse, a New York bestselling author, employee engagement is an emotional and intellectual commitment an employee has to an organization and its goals. This emotional and intellectual commitment sponsors a willingness to offer discretionary efforts for the good of the company. When employees begin to perform these discretionary efforts, it leads to better business results regardless of their job role or responsibility.
This suggests that when a company has employees with a high engagement level, it will experience an improved productivity and growth rate as the employees will be willing to go beyond themselves to serve the organization.
You would typically expect an employee who’s truly engaged in a sales store job to put in the same level of effort on a Friday evening as they would on a Monday morning. Employee engagement involves happiness and satisfaction, but it goes beyond that, and this is something C-level executives must understand to create a level-playing ground for their employees.
One of the benefits of ensuring employee engagement is found in Kenexa Research Institute’s survey, which discovered that companies with engaged employees had stock prices five times higher than companies with disengaged employees. With that said, let’s go into the nine employee engagement statistics you need to know in 2022.
Nine Employee Engagement Statistics You Need to Know in 2022
The following are some of the important employee engagement statistics that are worthy of note:
1. The Percentage of Employee Engagement in the World is 65%, and 34% in the United States
According to Statista, the engagement score of employees worldwide took a slight decline from the 68% recorded in 2020 to 65% at the end of 2021. Gallup reports that in the United States, a little above one-third of employees are engaged in their places of work. It was reported that the first quarter of 2021 saw an employee engagement score of 36%, but it reduced to 34% at the end of the second quarter of 2021.
2. Europe has the Lowest Levels of Employee Engagement in the World
A Gallup’s analysis discovered that engagement in Europe has had no significant rise in the past ten years. Fewer than two in 10 workers in most Eastern and Western European countries are engaged by their on-the-job experiences. Gallup advises that employee engagement needs a central spot in the European employee experience.
3. About 70% of Employees are Considering Quitting their Jobs
Business Insider reported on the advent of The Great Resignation, which was coined by Texas psychologist Anthony Klotz. The Great Recognition, according to Anthony, is a time when people would step back and rethink their lives, leaving their jobs. In the post-COVID era, the US labor market has witnessed a record number of Americans quitting their jobs, and it looks set to continue.
Recent findings show that 73% of Americans are willing to quit their jobs, and a large chunk of this percentage is not concerned even without a new job ready for them.
4. Companies with Higher Employee Engagement Rating are 21% More Profitable than Others
One of the many benefits of having a good employee engagement rate in a company is that it allows employees to look beyond what they get from the company or organization to what they can give to it. This makes a company more productive, and a recent study by Gallup proves this assertion.
In one of Gallup’s meta-analysis, the American analytics and advisory company explained that businesses and work units with higher employee engagement rates showed 21% more profitability than other businesses. Productivity was also at a high in companies with higher employee engagement, with an average of 17%.
5. Companies Lose Between $400-550 Billion Due to Poor Employee Engagement
Poor employee engagement among companies in the United States accounts for losses around $400-550 billion annually, a study on workplace engagement reports. The disengaged workers do not take responsibility for anything and are not concerned with the well-being and growth of the company. When workers are lazy about their attitude to work, it impacts the organization’s overall productivity.
6. Female Employees Show More Engagement than Male Counterparts
Gender-based issues are prevalent in the business world, and there are many biases surrounding having to deal with female or male employees. According to a journal published in the IOSR Journal of Business and Management, employee engagement directly relates to gender diversity. Furthermore, the journal concluded that women are not given the same opportunities as men in the business world.
Despite this conclusion, a study by Gallup reported that female bosses are more engaging than male bosses, with female employees showing signs of employee engagement more than their male counterparts.
7. The Age of Workers determines Employee Engagement in Most Companies
A study showed that older workers show better employee engagement than younger workers. The study revealed that work engagement among employees below 40 was lower than among employees in their late forties and above.
8. Recognition is Preferred Among 37% of Employees
Octanner.com reports that respondents to a study on what would be the most important thing a manager or a company could do that would help the employee become successful suggested recognition. The study proves that a significant percentage of employees would love to put their all to work for an organization when they are accorded the level of recognition they desire.
9. 38% of Employees are Happy with their Current Company
A publication by Capital Associated Industries reported that 38% of employees would love to stay at their current company because of their satisfaction with their career and work-life balance. This shows an overlooked aspect of employee engagement: ensuring employees can find a balance between their job and life.
Before I draw the curtains on this Nine Employee Engagement Statistics You Need To Know article, let me show you three data-driven methods to improve employee engagement.
Data-Driven Methods to Improve Employee Engagement
You know that employee engagement is important to the growth and productivity of any company, regardless of the industry. How do you improve employee engagement? There are a couple of ways I will show you below:
The best way to improve your employee engagement game is to know where your company is. Not knowing your company’s engagement status is equivalent to trying to make a move in the dark. To know your company’s employee engagement status, you can send out surveys to employees or schedule stay interviews.
Gallup has a nice template to help you create a good survey and plan your interview questions for employee engagement. Check it out here.
Employees naturally look to leaders to decide how they would operate. In a work environment, leaders are the first players in ensuring employee engagement. They should be educated on employee engagement and professional development to give employees a hint on what is expected of them in the organization.
Employee onboarding is the first place to introduce employees to the company’s culture and the right attitude to work. Human Resource managers should be strategic about educating new employees on how they must coordinate themselves at work, enlightenment on the company’s vision and other company’s best practices.
Feedback is important in every workspace, and if a company will improve its employee engagement, it ought to request and adopt feedback. C-level executives should create several channels to get constructive criticisms of staff and act on them for improved employee engagement.
Employee engagement is crucial to any company’s success. Business executives and leaders must be proactive about the engagement of their employees to ensure the success of their organization. Internal communications is another excellent way for companies to demonstrate to their employees how much they care about them as valuable assets. Companies must acknowledge employee opinions and feedback for improved employee engagement.
That does it on these Nine Employment Engagement Statistics You Need to Know in 2022.
Author Bio: 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!