A recent
study by Towers Watson shows that just over a third (35%) of the 32,000 full
time employees who participated in the study are “highly engaged.” Of the remaining participants, 39% are
“unsupported” or “detached” and fully 26%
are actively disengaged. The impact
of disengaged employees is startling. In fact, Gallup estimates that the lost
productivity of actively disengaged employees costs the US economy at least
$370 billion annually.
A key driver
of employee engagement is effective leadership. While HR programs and perks may
increase employee satisfaction, the
number one contributor to whether an employee feels valued, connected and
challenged is the employee’s immediate leader.
In our increasingly global environment, we need leaders who can engage the workforce, motivate virtual teams, communicate effectively across borders and attract and retain diverse talent.
In our increasingly global environment, we need leaders who can engage the workforce, motivate virtual teams, communicate effectively across borders and attract and retain diverse talent.
But how do we
develop and support those leaders?
By providing
leadership development that helps leaders understand their preferences in the
four dimensions of leadership – Leading through People, Leading with Vision,
Leading to Deliver and Leading with Drive – and how they can adapt to a given
situation or person to produce maximum results.
A culture of
engagement includes two-way communication and feedback, trust in leadership,
opportunities for development, employees who clearly understand how they
contribute to organizational success, and shared decision-making. Leaders contribute to this culture by
recognizing the unique value that each member of the team brings to the
organization, and by adapting to different communication styles, motivation triggers,
and work style preferences.
The proof is
in the numbers.
According to
Towers Watson, those companies with a highly engaged workforce improved
operating income by 19.2% over a period of 12 months. Companies with low
engagement scores saw operating income decline by 32.7% over the same
period.
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