Investing in Employee Engagement Makes Business Sense
Did you know…
Best Buy found that by increasing employee engagement by one 10th of a point (on a 5 point scale) an average store will see an increase of $100,000 in sales for that year.
Towers-Perrin found that high-engagement firms experienced a growth rate of 28% in 2008 compared to 11.2% decline for low enagement firms. Although the recession has upset many expectations, one thing remains true – highly engaged employees are better for the bottom line, for innovation, and for growth when things turn around.
At Molson-Coors, the average cost of a safety accident for an engaged employee is $63. For disengaged employees, the cost is $392. Do the math, this amounts to a lot of $$ for larger companies.
The strongest predictor of litigation against doctors is the doctor-patient relationship, as perceived by the patient.
For more findings, check out the Blessing-White 2008 State of Employee Engagement North American Overview report.
Engagement is about loyalty, motivation, and influencing what your employees do with their discretionary attention. Next Element is serious about employee engagement. Using the Process Communication Model, adventure-based learning methods, and scientific metrics, we craft an approach that gets right at the heart of the matter.
Our outcomes data is consistent with the national data I shared above…solid investment in employee engagement pays off. One company we worked with saw nearly 600% return on investment from upper-level management training on better communication and leadership skills. Another company saw 2.5% reduction in turnover and among nursing staff and an increase in engagement, which saved them nearly $250,000 last year.
If you’ve read the latest neuroscience brain research, you will know that conventional wisdom about engagement, motivation, leadership, and management is being turned on its head. We are ready to help you take action according to the latest science on how to lead, motivate, and engage today’s workforce.
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