Pete Tosh: Due to Covid Employee Engagement is a Hot Topic! And for Proven Reasons
Friday, October 30th, 2020
To adapt to the ever-changing marketplace & persevere through the disruptions caused by Covid, organizations need exceptional performance from their employees. And a recent study - published in Human Performance - found that ‘highly engaged’ teams were more resilient during both the 2001-02 & 2008-09 recessions.
Leaders are continuously in the ‘people business.’ And today leaders are striving to tap into the potential of their employees, increase their resilience & minimize the stress they are experiencing. Leaders can achieve all three by increasing the engagement of their teams.
Employee engagement is the:
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Degree of involvement, commitment, & enthusiasm employees have for their work & organization – through which everything gets done in business
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Approach many leaders are using to generate positive results amid competition, market challenges & disruptions
According to research by Harvard Business Review Analytics Services, 81% of business leaders ‘strongly agree’ that engaged employees perform at a higher level.
Gallup’s studies over three decades have confirmed that organizations focusing on employee engagement have seen consistent improvements in critical business outcomes. And Gallup’s latest study - the largest study of its kind ever - involved:
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54 industries - finance, manufacturing, construction, retail, transportation, public utilities, etc.
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110,000 business units/teams
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2,700,000 employees
Who can argue with that sample size?
The results of this most recent study were released just this month – with Gallup finding that highly engaged business units/teams generate the following:
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23% higher profitability
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14% higher productivity
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10% higher customer loyalty
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81% less absenteeism
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64% fewer accidents
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41% fewer quality defects
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18% less employee turnover in high-turnover organizations & 43% less in low-turnover organizations
The better leaders understand their employees & their needs, the more effectively they can lead. So, numerous well-known organizations – Ritz-Carlton, Chick-fil-A, Campbell Soup, Bayer, Caterpillar, Baptist Hospital, Honeywell, etc. – have been using Engagement Surveys to increase employee trust, develop their managers, become more resilient & take advantage of the economic benefits of enhanced employee engagement.
The Focus Group’s Employee Engagement Survey assists our clients in:
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Comparing their engagement levels to an extensive database - by facility, department, manager & organization-wide
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Understanding where they excel & where they can initiate improvements
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Implementing targeted, employee engagement-focused action steps
- Utilizing employee engagement to increase their desired business outcomes – including their bottom line