A quick review of the internet finds some of these alarming statistics
I don’t know about you but these stats are scary.
If you’re in a competitive industry with low profit margins (below 10% after paying yourself) then having a disengaged workforce is likely to eliminate most of that profit – or the other way to think about it is if you had a more engaged workforce then you could double your profit.
Doubling my profit without spending any money or increasing sales sounds awesome – so why don’t most business owners give it more focus? The main reason is time.
When a business is small, the owner and a couple of people, the owner can generate a good team culture as they are spending time with everyone. But as they move past a couple of employees they have less and less time to interact with the growing team – and the result is team work is left up to chance – and chance is not a great business strategy.
If you think that your team could be more engaged then we can help you, we have a training resource on building winning teams and our Test Drive Program (free for September) is about gaining back time in your week which would allow you to work on building a better team culture.
Interested? Book a discovery call to find out more.
- 14% of the workforce is Engaged (that’s 76% of employees are not engaged or actively disengaged)
- The cost of a disengaged employee is 34% of their annual salary
- Engaged employees are 17% more productive than their peers.
- Highly engaged organizations see an average of 20% higher sales than their disengaged counterparts
- Highly engaged organizations have 21% higher profitability than their peers.
- Employees who feel their voice is heard are 4.6 times more likely to feel empowered to perform their best work
- 69% of employees say they’d work harder if they were better appreciated
- Highly engaged workplaces saw 41% lower absenteeism.
- Good Company Culture Increases Revenue by 4X
I don’t know about you but these stats are scary.
If you’re in a competitive industry with low profit margins (below 10% after paying yourself) then having a disengaged workforce is likely to eliminate most of that profit – or the other way to think about it is if you had a more engaged workforce then you could double your profit.
Doubling my profit without spending any money or increasing sales sounds awesome – so why don’t most business owners give it more focus? The main reason is time.
When a business is small, the owner and a couple of people, the owner can generate a good team culture as they are spending time with everyone. But as they move past a couple of employees they have less and less time to interact with the growing team – and the result is team work is left up to chance – and chance is not a great business strategy.
If you think that your team could be more engaged then we can help you, we have a training resource on building winning teams and our Test Drive Program (free for September) is about gaining back time in your week which would allow you to work on building a better team culture.
Interested? Book a discovery call to find out more.
