The Gallup’s most recent State of the American
Workplace report paints a fairly clear picture
or how important employee engagement is to company success.
When compared to organizations with lower
levels of employee engagement, those with higher levels of engagement typically
experience these type results:
- 41%
lower absenteeism
- 24%
lower turnover (high turnover industries)
- 59%
lower turnover (low turnover industries)
- 28%
less shrinkage
- 70%
fewer employee safety incidents
- 58%
fewer patient safety incidents
- 40%
fewer quality incidents (defects)
- 17%
higher productivity
- 20%
higher sales
- 21%
higher profitability
As the
majority of employee engagement is based on employee satisfaction, and employee
appreciation and recognition is a key component of satisfied employees, it is
also fair to say that employee recognition and awards are key in increasing
performance. For years,
the C-Suite constantly asked for the return on investment of recognition and
reward dollars. Is it not also fair to
say that employee rewards systems can drive bottom line results and the
increase in profits noted by the stats above?
For
more information on Ultimate Choice Inc.’s products or services or other white
papers please contact us at Ultimatechoiceinfo@cox.net
