There was a nice write-up in yesterday’s Kansas City Star about the research that Leigh Branham and I conducted about employee engagement in these challenging economic times. An additional point was made in the article about the benefits of increased employee engagement, from our former employer Right Management:
Why is this angst explosion important for even the employers who aren’t laying off people or cutting workers’ pay or benefits?
Separate research by Right Management indicates that every 1 percent increase in employee engagement (assuming it’s correctly measured in employee surveys) equals $1.6 million more revenue for the employer.
That kind of revenue enhancement is a pipe dream for many small businesses, no matter how good they are to their employees. But the big-company research shows why employers of any size should care whether their workers want to be there.
Yet another study that shows the value of creating and maintaining a highly engaged workplace. For additional information about our study go to: Beating the Bear Market with Engaged Employees.
Tags: Economic Crisis, Economy, Employee Engagement, Employee Retention, Employee Satisfaction, Employee Survey, Recession
