We share the top employee engagement statistics that highlight the impact of a solid engagement strategy.
In today’s fast-paced and competitive business landscape, organisations are increasingly recognising the importance of employee engagement in driving success.
Understanding the latest statistics and trends in employee engagement can provide valuable insights into the current state of workforce satisfaction, motivation, and productivity.
Keep reading for a comprehensive analysis of employee engagement statistics, exploring key metrics, industry benchmarks, and the impact of engagement on various aspects of organisational performance.
Whether you are an HR professional, a business leader, or simply interested in the topic, this blog will equip you with the knowledge to make informed decisions and implement effective strategies to enhance employee engagement within your organisation.
What is employee engagement?
Employee engagement refers to the level of commitment, enthusiasm, and dedication that employees have towards their work and the organisation they belong to.
It encompasses the emotional connection and sense of purpose that employees feel, which drives them to go above and beyond their basic job responsibilities. Engaged employees are motivated, satisfied, and actively contribute to the success of the organisation.
They are more likely to be productive, innovative, and loyal, leading to higher levels of customer satisfaction and overall business performance. Employee engagement is crucial for fostering a positive work culture, enhancing employee well-being, and ultimately achieving organisational goals.
11 employee engagement statistics for 2023
The effects of employee engagement are far-reaching, which is why it’s so important to consider when looking at your learning and HR strategy.
Engaging your people can have huge ramifications on business outcomes and staff happiness.
Here are 11 key statistics in employee engagement:
Only 15% of employees worldwide are engaged in their jobs
This alarming statistic highlights the widespread issue of low employee engagement, indicating that a significant majority of employees are not fully invested or motivated in their work.
And how is this impacting business?
Engaged employees are 21% more productive than their disengaged counterparts
They’re more active and committed in their role, so it’s no surprise that they contribute more to the overall success of the organisation.
Companies with highly engaged employees experience a 41% reduction in absenteeism
This highlights how engagement can encourage more enthusiasm in their work and their goals, whether that’s working to hit bonuses, or just get good feedback.
Engaged employees are 87% less likely to leave their organisations
Employee retention is an important statistic for any organisation. But this statistic highlights the huge impact engagement can have on attrition.
Long-term commitment to an organisation is hugely beneficial as it can mean:
- Reduced training costs
- Better business outcomes
- Improved company culture
- More efficient training of new hires
All of this has a compounding effect on your business.
Organisations with high employee engagement levels have a 59% lower turnover rate.
Following on from the previous statistic, it’s clear that turnover is lower/retention is higher in companies with high employee engagement.
Engaged employees are 2.5 times more likely to exceed performance expectations
This underscores the connection between employee engagement and performance, indicating that engaged employees are more likely to surpass performance targets and deliver exceptional results.
When you consider the impact on retention alongside this, engaging your employees becomes a hugely beneficial investment.
Companies with engaged employees outperform their competitors by 202%
There’s a huge competitive advantage that organisations gain by fostering high levels of employee engagement.
We already know that engaged employees contribute significantly to overall business success, but this highlights the long-term impact of investing in your people.
Highly engaged teams show a 21% increase in profitability
Leading on from the previous statistic, it’s clear that organisations with engaged employees stand to see better ROI.
But a staggering 21% increase in profitability shows the importance of employee engagement and its direct link to financial success.
Engaged employees are 87% more likely to feel a strong sense of loyalty towards their organisation
When considering retention and productivity, you would expect a positive relationship between employee and organisation.
In fact, 87% feel more loyal. This shows a commitment to their organisation, which likely impacts retention, and paves the way for better productivity.
Engaged employees are 70% more likely to recommend their organisation as a great place to work
Improving employee engagement isn’t easy. But another potential impact is creating brand advocates through your staff.
This can be an incredible way to attract top talent within your niche and sector, as new talent moves into your organisation, and brings previous coworkers with them.
Organisations with engaged employees experience a 10% increase in customer ratings
It’s not just the staff and the company that can expect a benefit when it comes to engaging employees. Your customers will also see an impact.
Improve your employee engagement for better business outcomes
Getting started with employee engagement can feel overwhelming. If you’re not sure where to begin, the first thing you should do is assess what you have currently.
At Think, we’re experts in helping teams and businesses engage their teams and create user-lead learning and development experiences.