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.