Unhappy workers cost the U.S. between $450 and $550 billion in lost productivity each year, according to a 2013 report on the state of the U.S. workplace conducted by research and polling company Gallup.
That isn’t a drip.
It is a fire-hydrant sized leak of money lost each year by businesses – and that includes yours.
In an earlier study, the Corporate Leadership Council studied the engagement level of 50,000 employees around the world to determine the direct impact on both employee performance and retention.
They found that:
– Engaged companies grow profits as much as 3X faster than their competitors.
– Highly engaged employees are 87 percent less likely to leave the organization
And in a third study, McLean & Company found that a disengaged employee will cost an organization approximately $3,400 for every $10,000 in annual salary.
The reality is that people often make mistakes and disappoint their clients and coworkers because they continue to indulge in excuses and complaints. Too many employees are uncoachable, show a lack of enthusiasm, or neglect to acknowledge and appreciate the efforts of the people around them.
But winning organizations are different. They embrace the value of extra effort, concern for others, and claiming personal responsibility.
The goal of effective leaders has always been to help people achieve better results, better relationships, and better experiences. They want to build a winning team.
Unfortunately, disengaged and unhappy employees do not make a winning team.
Winning teams require winning teammates.