The long awaited Engage for Success evidence report was published today. Some of the key points of evidence about the importance of employee engagement to organisational performance (which have been gathered with leading research firms) include:
- one third of UK workers say they are engaged – a figure which leaves the UK ranked ninth for engagement levels amongst the world’s twelfth largest economies as ranked by GDP (Kenexa 2009).
- productivity deficit where output per hour in the UK is 15% below the average for the G7 industrialised nations in 2011 and output per worker is worse at 20% below the rest of the G7
- the report demonstrates a correlation between employee engagement and high organisational productivity and performance, across all sectors of the economy.
- were the UK to move its engagement levels to the middle of the top quartile (comparable with the Netherlands) then this would be associated with a £25.8bn increase in GDP. (Kenexa)
- savvy businesses see competitive advantage to be gained by investing in employee engagement rather than containing labour costs. (CBI Harvey Nash employment trends survey, July 2012)
- 94% of the world’s most admired companies believe that their efforts to engage their employees have created a competitive advantage (Hay)
- a leading retail bank found that employee engagement levels predicted subsequent business level performance over a three year horizon while business unit performance predicted engagement only over a single year.