Do you feel passionate about your work and committed to your company? 70% of Americans would be likely to respond “no” to this question.
According to Gallup’s 2013 State of the American Workforce report:
- 18% are actively disengaged: dissatisfied, unmotivated workers with attitudes that can be contagious to coworkers
- 52% are disengaged: doing the bare minimum required to keep their job, but without any real connection to their work
- 30% are engaged: proactive, productive employees who feel personally connected to the company
Low Employee Engagement Increases Attrition
Actively disengaged employees cost the U.S. more than $450 billion each year. Unhappy employees are more likely to leave the organization. Adecco’s 2012 Graduation Survey revealed that 91% of recent graduates would leave a job they didn’t like within a year. Turnover is expensive: on average, replacing just one employee costs 20% of their annual salary.
Attrition occurs when employees who leave aren’t replaced. Ironically, this often results in more turnover, as remaining employees become frustrated trying to “do more with less.” If your company has an employee engagement problem, or if you’re a disengaged employee, you probably already know it.
So how do you solve the problem and avoid attrition? Start by getting inspired by these five companies, who have developed creative employee engagement strategies to keep employees happy and minimize turnover.