New report finds that companies 40 percent of employees want their employer to make significant changes to their employee engagement strategy
BOSTON — A new survey from WeSpire, the positive business platform, offers insights into how employers can move the needle when it comes to employee engagement. In data collected from more than 1,000 US employees, just 34 percent of respondents reported that their employer has an official employee engagement strategy, and nearly 40 percent say that they would like to see their employer make significant changes to the strategy. The report, “The Driving Forces of Employee Engagement” also dives into the connection between employee engagement and an employee’s sense of purpose, finding that 90 percent of employees whose companies have an official employee engagement strategy feel that they are making a positive impact at their organization.
Employee engagement is an important issue for most senior executives, given that nationally only 32% of employees are engaged in their work, which costs companies an estimated $450 billion, according to Gallup. Nearly nine in ten executives in Deloitte’s Global Human Capital Trends 2016 report rated employee engagement as an important or very important priority for their companies – yet many companies still struggle to develop and implement successful programs for their employees.
“Companies know how critical employee engagement is to their business results, and employees are demanding more than ever from their employers – they want to feel a sense of purpose, be recognized for their work and make a difference. The answer is formal employee engagement programs with an emphasis on positive impact,” says Susan Hunt Stevens, founder and CEO of WeSpire. “We have found that companies with an official employee engagement strategy in place are 47% more likely to have employees that are very excited about their work.”
WeSpire’s research demonstrates the impact that formal engagement programs can have on employee engagement levels and employee satisfaction. This research helps organizations move beyond just measuring employee engagement levels, and provides insight into what types of programs spur change, improvement and action.
Other key findings from the report include:
- 43 percent of people who are unenthusiastic and unengaged in their jobs have never participated in an engagement program
- 83 percent of employees whose companies have sustainability programs believe their company is making a positive impact on society
- Recognition, volunteering and health & wellness programs are the most popular programs offered by companies
- The programs with the highest participation rates, when offered, are health and wellness, giving, volunteering, sustainability and culture programs.
The full research report can be downloaded here.
WeSpire provides corporations with a technology platform to design, run and measure the impact of their employee engagement initiatives. On WeSpire employees from around the world participate in sustainability, volunteering, health and wellness, corporate culture, diversity inclusion, recognition and other custom programs. These programs encourage employees to take actions that are good for them, good for the company and good for the world we live in. For more information, visit www.wespire.com, contact us at firstname.lastname@example.org, or follow us on Twitter, LinkedIn and Facebook.