New Research on 3X Higher Innovation Rates for Employee Engagement

Abstract

In fact, disengaged employees cost organizations just over $8.9 trillion annually in lost productivity worldwide. It is an alarming situation and makes it quite clear why everyone should care about the level of employee engagement in their organization. In fact, our research reveals that engaged employees are 18% more productive and can contribute to the company’s profitability by 23%.Despite this, workplace engagement dropped to 23% in 2024, down from 39% in 2021. While the impacts of team engagement do not stop at basic productivity metrics, significant results can be found when they are present. Highly engaged companies produce 87% less absenteeism and additionally, up to three times more innovation than their competitors. We know that it costs between half to double an employee’s annual wage to replace them. Furthermore, organizations with high engagement levels are more profitable than their competitors, they’ve got higher levels of customer satisfaction and also they’re more innovative. In this article, I will explore the importance of employee engagement and its relation to organizational success using the most extensive research and data driven insights available.