Profit: highly engaged employees boost bottom line by as much as 60%.
Towers Perrin-2007 studied 360,000 employees in 41 companies over 3 years. Engaged groups added 2.06 points of net profit. Disengaged groups reduced net profit by 1.38 points. On a 5% total net profit, this is a net increase of over 60% (engaged vs disengaged). On a 10% net profit, the net increase is over 30%
Productivity: highly engaged staff were 47% more productive than staff with low engagement.
Watson Wyatt Worldwide Mar 29,2007
Annual revenue per employee: high engagement- $484 k per ee, low engagement- $328 k per ee.
Growth: annual compound growth over 5 yrs was 263 % higher for companies with highest staff engagement (12.9 %) vs lowest (4.9%).
Hewitt Associates- Canada’s Best Employers 2007
Best of the best – engagement levels at canada’s 50 best companies were 40% higher than “good” companies studied.
Hewitt Associates- Canada’s Best Employers 2007
Note: 100% of Canada’s top 50 companies now measure employee engagement.
Having gone through the process now for a second time, I am an even more ardent supporter of the power of ‘engagement’ than I was before. I have found it rewarding to observe my sales leadership crew arrive at that same conclusion. This process measures the right things and provides a great framework to address shortcomings and improve where we need to.
The quality of our strengthening plans in this second round of the HPCA is much more focused and will drive the right results for us going in to this downturn.
Thanks again for your guidance.
--Greg J., VP of Sales
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