The Secret to 21% improvement in Profits
One of the most confronting facts about business performance is the correlation between the engagement of your workforce and the productivity and profitability of your business. In any workplace, there are 3 levels of employee engagement, and the level of engagement in the typical Australia workplace is quite alarming.
[read more=”Click here to Read More” less=”Read Less”]
Employee Engagement Survey
Did you know that in the Average Australian workplace that:
- 24% of workers are Engaged; motivated employees and likely to exert extra or discretionary effort.
- 60% of workers are Disengaged; unmotivated staff and unlikely to exert extra effort.
- 16% of workers are Actively Disengaged; truly unhappy and unproductive employees.
What this means: in the average Australian workplace, over 75% of the workforce is either disengaged or actively disengaged. This means that too few of your workers are engaged and you are not getting the most out of your employees.
In contrast, and according to studies by Gallup, world’s employee engagement survey best practices are markedly different, where:
- 67% of the workers are Engaged;
- 26% of the workers are Disengaged;
- 7% of the workers are Actively Disengaged.
This means that by improving employee engagement from average to world’s best practice, you will increase your productivity by 21% and increase your profitability by 22%
There are reasons that cause a Disengaged and Actively Disengaged workforce. However, there are some simple steps that you, as a business owner, can do about it.
The first step is to diagnose where your business sits in terms of employee engagement. To do this we can help you with a free no obligation “Engaged Organisation Financial Snapshot.” To access this snapshot and discover what productivity and profitability increase you can achieve in your business, simply contact Neil at 1300Hired and we will send you a one-page form.