The annual cost from lost productivity caused by disengaged employees is estimated to be $550 billion per year, but it costs 20% of an employee’s salary to replace him or her.
It pays not only to keep employees engaged but also to keep them happy.
Bolt Insurance put together an infographic that shares statistics about precisely how disengaged U.S. employees are and how that lack of engagement affects productivity and company bottom-lines. A few interesting stats follow:
- 70% of employees feel they are not engaged in their jobs.
- 18% of employees were emotionally checked out in the office in 2012.
- 27% of employees feel they are involved in important decisions.
- 48% of employees who resigned from their jobs did so because they lost trust in their employers.
- 42% of employees state that verbal fights and “shouting matches” are common in their workplaces.
- The highest turnover rates occur in the food services and accommodations industry followed closely by the leisure and hospitality industry.
- 2 million employees quit their jobs each month in the U.S.
You can view the complete infographic below.
Via: BOLT Insurance
How do you keep your team engaged, morale high, and productivity consistent? Leave a comment and share your tips.
Susan Gunelius
Susan Gunelius is the Founder and Editor-in-Chief of Women on Business. She is a 30-year veteran of the marketing field and has authored a dozen books about marketing, branding, and social media, including the highly popular Ultimate Guide to Email Marketing, 30-Minute Social Media Marketing, Content Marketing for Dummies, Blogging All-in-One for Dummies and Kick-ass Copywriting in 10 Easy Steps. Susan’s marketing-related content can be found on Entrepreneur.com, Forbes.com, MSNBC.com, BusinessWeek.com, and more. Susan is President & CEO of KeySplash Creative, Inc., a marketing communications company. She has worked in corporate marketing roles and through client relationships with AT&T, HSBC, Citibank, Intuit, The New York Times, Cox Communications, and many more large and small companies around the world. Susan also speaks about marketing, branding and social media at events around the world and is frequently interviewed by television, online, radio, and print media organizations about these topics. She holds an MBA in Management and Strategy and a Bachelor of Science degree in Marketing and is a Certified Professional Career Coach (CPCC).
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