The importance of employee engagement for workplace wellness and business growth is undeniable. And so, HR leaders and employers must put together tools and resources along with the right employee engagement strategies to achieve desired business goals.
Overview of Employee Engagement Stats
Our previous blog showed the 5 top employee engagement stats that boost workplace wellness, which proved how crucial it is for employers to implement suitable employee engagement strategies. Here is a quick overview of the important employee engagement stats that all employers must know –
- Almost 85% of employees are not engaged at the workplace
- 81% of employees were ready to leave their current employer for a company with better workplace culture
- 1 in 3 employees leave the company due to boredom
- Lack of workplace engagement costs the companies $450 – $550 Billion in Lost Productivity
- Companies with a well-engaged workforce are 21% more profitable
- Companies with a well-engaged workforce have 17% higher employee productivity
- Companies with a positive workplace culture have 4X times better revenue
Stats Portraying COVID-19 Impact On Workplace Engagement
The COVID-19 has impacted employees in many ways. Right from elevating mental health issues due to social isolation, to lack of employee engagement owing to remote working – employee health and productivity was negatively impacted during the pandemic. Adding to the woes was the anxiety of the uncertainty and fear of financial loss. Along with the employees, even the employers had to go through tough times – combating lost productivity, disengaged employees, and overall change in the workflow.
Here are a few statistics that show how the COVID-19 pandemic has affected employee engagement in the US.
- A Gartner study showed that 88% of employers have asked their employees to work remotely ensuring employee safety, irrespective of any infection or symptoms.
- 60% of employers have started interacting more with their workforce and seeking employee feedback regularly. Only a few are still using the formal approaches to communicate – 31% are conducting employee engagement or pulse surveys and 13% are conducting focus groups.
- Only 47% of employers are ready to face or overcome any unexpected crisis, giving the best possible outcome to their employees.
- A Business Group on Health study revealed employers expected a 5.3% increase in employee health benefit costs by 2021 due to deferred care
COVID-19 and Employee Wellness Statistics
- According to a Buffer study, 22% of employees are unable to unplug themselves even after working hours.
- 43% of employees feel remote working allows them a much flexible working schedule
- 47% of employees are glad about not having to commute and save the transport amount and time
- A Conference Board study showed that only 7% of employees were willing to return to the workplace, even after normalcy resumes.
- A CNBC study said 24% of employees preferred working remotely for the whole time
- A Total Brain study reported a 14% rise in employee stress in June 2020
- The risk to develop anxiety increased to 41% in US employees
- While 84% of Aetna’s study respondents agreed that technology allowed a better work-life balance, especially while working remotely, 56% said they were aware of the harmful effects of overusing technology on their mental health and holistic wellness.
- According to a Bloomberg study, employees worked for 3 hours extra daily, and 45% of them were burned out by early April.
- A Citrix Talent Accelerator survey showed that 76% of employees were ready to take a pay cut in return to work with a company with amicable workplace culture.
All the above stats show that employee engagement is imperative for employee wellness and business growth. Implementing the right employee engagement strategies will build a healthy and positive workplace culture, stronger teams, and boost communication at the workplace – all which reflect better employee productivity and workplace wellness.