What are the costs of not actively engaging your employees?

Posted November 25, 2021 by kozmun

There are concrete costs due to employee disengagement.

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.

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.

Example of Cost of Employee Disengagement

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.

Let’s apply this to an entire organization.

Let’s say you lead an organization of 100 people.

If we use the Employee Engagement Index which states only 25% of employees are actively engaged, then 75 employees are disengaged at your organization.

If we use the average salary of those employees as $55,800 then this employee disengagement is costing your organization annually:  $1,422,900 ($18,972 X 75 people.)

This example demonstrates that there are concrete costs due to employee disengagement.

Are you surprised by the magnitude of this cost? What is the actual cost to your organization? Are you OK with the return on this investment?

The Great Engagement is an Urgent Call to Action for Businesses

The Great Engagement is an urgent call to action for businesses to retain and  attract great employees. It’s your choice: you will either have the cost of disengagement or invest in engaging your employees.

While there is no quick fix, there are simple leadership practices that can produce immediate improvements in engagement.

Great Engagement: Engage and Mobilize Employees Program

To develop your strategies our Great Engagement: Engage and Mobilize Employees Training Program focuses on simple but powerful behaviours that will have maximum impact on a leader’s ability to engage his or her employees.

Your organization may be eligible for funding through the Canada Job Grant program. Employers may be eligible to receive two-thirds of the training cost.

The Next Era: The Great Engagement

Posted November 22, 2021 by kozmun

During the pandemic, people have had the chance to reevaluate their life. Some have reflected on their level of happiness around their job and career, life priorities and goals, and overall well-being.  

Acknowledging their discontent, people are making big changes in their lives and are leaving jobs that were not fulfilling and some are even completely changing careers. 

Dubbed as the Great Resignation, millions of Americans have quit their jobs with 4.4 million quitting in September alone with the highest quit rate among not engaged and actively disengaged workers.   

Numbers are not tracked in Canada, but researchers say smaller studies suggest the trend of job quitting and job switching is happening in Canada, too. 

Canadians are shifting jobs into industries where they are more engaged and the job gives them more job stability, better hours, better pay, and is more aligned with their life goals. 

The Great Engagement is an Urgent Call to Action for Businesses

We believe that this is the dawn of the Great Engagement for today’s workplaces. 

More businesses are waking up to the reality that they need to actively engage their employees to retain and attract employees.  

What’s the level of engagement and disengagement in your organization?

What side of the job switch will your organization experience: the Great Engagement or the Great Resignation?

While there is no quick fix, there are simple leadership practices that can produce immediate improvements in engagement.

Quick Tips

Here are some quick tips:

• Find ways to help your employees grow  and develop skills on-the-job
• Share how your employee’s talents and work contribute to the organization’s mission.
• Praise your employees easily, sincerely and often

Great Engagement: Engage and Mobilize Employees Program

To develop more strategies our Great Engagement: Engage and Mobilize Employees Training Program focuses on simple but powerful behaviours that will have maximum impact on a leader’s ability to engage his or her employees.

Your organization may be eligible for funding through the Canada Job Grant program. Employers may be eligible to receive two-thirds of the training cost.