Engage and Mobilize Employees on
Employee Appreciation Day
Posted on March 5, 2021 by kozmun
We recognize that today, March 5, is National Employee Appreciation Day.
We hope that you have been able to take action on some of the employee engagement ideas we have offered this past week. If not, then today is a great day to start!
Employee engagement impacts employee morale, productivity, innovation and problem solving and customer service. Any one of these can impact the business bottom line.
In fact, the lack of employee engagement is a billion dollar problem.
The Management Journal’s semi-annual Employee Engagement Index reports that 60% of employees are not engaged, and 15% are actively disengaged at work and only 25% are actively engaged.
The impact of employee engagement or rather disengagement is hitting businesses’ bottom line hard.
According to Canada Human Resources Centre, unhappy workers cost the North American business economy over $350 billion per year in lost productivity.
A study conducted by Queen’s School of Business and Gallup, found that disengaged workers logged 37% higher absenteeism, 18% lower productivity, 5% lower profitability, 49% more accidents and 60% more errors and defects than engaged employees.
So how much is this disengagement costing you and your organization? According to Forbes, the costs of a disengaged employee is equivalent to 34% of their annual salary, or $3,400 for every $10,000 of income.
If we applied this to the average Canadian salary of $55,800 a year, the costs of a single disengaged employee to the business is going to be $18,972 annually.
While there is no quick fix, there are simple leadership practices that can produce immediate improvements in engagement.
We are offering a program that focuses on simple but powerful behaviours that will have maximum impact on your leaders’ ability to engage.
In appreciation of you and all the work you do, please download our free Employee Engagement Self-Assessment for Instant Insights.
See the Energize and Mobilize Employees page for program information.
Your organization may be eligible for funding through Re-Open Saskatchewan Training Subsidy. Employers receive 100% reimbursement for approved training up to $10,000. Deadline to apply for this Training Subsidy is March 31, 2021.