Employee Recognition Programs that Work:
Designed to help your organization develop a high-performing culture of recognition.
The Impact of Low Employee Engagement
Low employee engagement costs American companies $370 billion dollars annually according to Gallup. Low employee engagement and complacency is costing your company. Disengenged employees have higher increases in the following:
- LOWER ABSENTEEISM 37% 37%
- LOWER PRODUCTIVITY 18% 18%
- LOWER PROFITIBILITY 15% 15%
How much are disengaged employees costing you? A lot! Gallup found that, on average, 17.2% of an organization’s workforce is actively disengaged and those disengaged employees cost their organization 34% of their salary, or in other words, $3,400 for every $10,000 in salary. To illustrate, lets look at those metrics for a 3,000 employee company.
Average Annual Salary in U.S. – $47,000
Disengagement Costs – 34% of $47,000 = $15,980 per employee
Number of Disengage Employees: 516 (3,000 x 17.2%)
Total Cost of Disengaged Employees: 516 x $15,980 = $8,245,680 PER YEAR!