Külli Koort is a fierce proponent of achieving more by doing less. That’s why she is currently working at Weekdone, a start-up that builds progress report software for managers that wish to gain more insights to their teams. You can connect with her on Twitter.
It’s not a new revelation that a big part of today’s workforce feels disengaged. What is more surprising is that the leaders are yet behind dealing with the fact that the way a lot of employees are working is just not working anymore.
The bold statement is supported by the statistics:
- Only 35% of the overall workforce is truly engaged.
- Just 1 out of 8 employees is committed to their job.
- Disengagement costs businesses billions of dollars per year.
There are numerous factors contributing to the feeling of fulfillment at work. Although it’s not fair to solely blame the team leaders, they are the ones that need to clean up the mess. After all, employee engagement is considered to be the number one reason behind employee productivity.
The growing need to keep track of employees’ progress is not something only we at Weekdone have witnessed. It’s the side effect for the growing disengagement, which turns management heads to processes and methodologies that can successfully signal these alarming trends.
Therefore, in order to understand this phenomenon a little bit better, we analyzed surveys that provide more context and depth to the problem. Looking at the bright side, companies with engaged employees receive 2.5 times more revenue compared to companies with low engagement workforce. Employees who consider themselves highly committed to the organization are willing to put in 57% more effort and are 87% less likely to resign. 7 out of 10 highly engaged employees prefer to stay with the current employer compared to 28% of the disengaged.