How to Increase Employee Engagement
The State of Michigan has suffered more than any other State in the U.S. in terms of high unemployment and home foreclosures. With this backdrop of economic gloom, many employers assume that their workers are "just happy to have a job" but in reality only 53% of employees actually feel this way (Monster.com and The Human Capital Institute).
There are several reasons for this low morale.
- A CareerBuilder.com survey of 4,400 workers found that half of American workers say they have taken on more responsibility because of a layoff, while 37% say they are handling the work of two people.
- This same survey found that 34% of workers are spending more time at the office and 22% are working more weekends.
- One in five workers are "highly disengaged" and the drop in employee engagement has reduced workforce productivity by 3 - 5% (Corporate Leadership Council 2008).
- The downturn has exposed a severe skills gap among managers in how to engage employees - 63% are now rated as ineffective (Corporate Leadership Council 2008).
As companies look to the future, they expect the job market to begin to turn around. Even in Michigan there will be a significant gap between the amount of labor needed and the amount available due to the delayed retirement of older workers. Eventually these workers will retire and there will be fewer younger workers to fill their places.
It is critical to engage and retain these younger workers so that they can ultimately assume leadership positions in their organizations.
The attached article outlines simple and low cost ways to keep morale and productivity up with these young workers.