Tuesday, September 6, 2016

Low Employee Engagement Equals Costly Poor Work Performance


If you subscribe to the belief that low engagement equals low performance, you’ll understand the importance of keeping your employees excited and sustaining the belief that they are valued and appreciated.

Losing an employee that you’ve spent time to hire, train, and bring up to speed  is significant.  The cost of replacing an employee who leaves is at least 30% of that employee’s annual salary.  To put that in perspective, with a $150M annual payroll, just a 20% turnover would cost that company $9M a year!
Employees often leave due to a LACK OF APPRECIATION AND PRAISE – not money!  A lack of something as simple as an unexpected “you did a great job” –  or “we couldn’t have done it without you.”

Many companies use simple “thank you” recognition programs to foster a CULTURE OF RECOGNITION.  Others allow their employees to say thanks to each other with peer-peer programs.  Over the last few years research has shown that positively engaged employees will perform better, last longer, and provide better and more positive experience for your customers.


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