In a recent Trinidad Newsday article, a colleague of mine, Kwame Charles, makes the following observations:
The SHRM article highlights several research findings on employee engagement that demonstrate its link to competitiveness. Some of these findings are as follows:
- Highly engaged employees perform 20% better than disengaged employees and are 87% less likely to leave their organisation.
- Engaged employees work harder, are more loyal and are more likely to “go the extra mile” than disengagement employees.
- Engaged employees have been found to be five times less likely to have a safety incident and seven times less likely to have a lost-time accident than disengaged employees. In one study, the average cost of a safety accident for engaged employees was US$63, while the average cost for disengaged employees was US$392. This company was able to save over a million US dollars by increasing employee engagement.
Interesting, especially given my estimate that some 60-80% of Caribbean employees are disengaged.