In the first installment of this blog, we discussed the differences between employee satisfaction and employee engagement. While satisfaction broadly gets at an employee’s contentedness with aspects of their jobs, engagement gets at an employee’s commitment to their job and organization. Only 31% of employees are actively engaged in the workplace, leaving a remarkable 67% unengaged. This lack of engagement translates to 56% to 73% of employees likely to look for new employment.
The major implication of this last statistic is that less engaged employees are more likely to contribute to significant turnover, and turnover is expensive. While many factors contribute to a positive or negative bottom line, when unexpected turnover occurs, the negative impact to the bottom line can be substantial.