Engaged employees boost business performance
The report titled 'The Impact of Employee Engagement' focuses on the connection between employee engagement and achieving business results based on discussions with more than 550 executives. The report also features in-depth interviews with a dozen best-practice company leaders detailing the benefits of implementing employee engagement strategies which drive improved business performance.
The findings of the report from Achievers Harvard Business review Analytic Services provide deep insights into the relationship between a highly engaged workforce and an increase in innovation, productivity, and retention in highly competitive talent markets. Further, the report provides statistics and proven best practices from world-class companies that have established metrics and programs to effectively quantify and improve the impact of their engagement initiatives on overall business performance. The increasing demand for Employee Success initiatives stems from three trends identified in the study:
- Only 24% of respondents say employees in their organization are highly engaged.
- 71% of respondents rank employee engagement as very important to achieving overall organizational success.
- 72% of respondents rank recognition given for high performers as having a significant impact on employee engagement.
“High-performing companies gain a distinct competitive advantage by effectively using data to tie employee engagement to business success gleaning actionable insights that can improve overall employee performance," said Achievers CEO Patrick D. Quirk. "
According to HBR's research, today's business leaders are acutely aware that there is much to be done to ensure that they have a highly engaged workforce that is aligned with business objectives but it requires considerable effort and top management focus.