22. After three years of work, promoted employees have a 70% chance of staying with the same organization.
Additionally, the ones who have moved laterally have a 62% of staying. In comparison, people who have remained in the same position have only a 45% chance of staying in the same company or organization. One of the most important things for every employee is their career, and if they don’t get the chance to grow professionally, they might leave, and these employee retention statistics prove that.
23. Employees are more satisfied with their job position and coworkers than with their managers and companies.
Employees are more satisfied with their coworkers (69%) and job position (70%), compared to their satisfaction with their managers (64%) and the company they work in (60%). Managers should work on the direct channels of communication with their employees to increase their engagement.
24. 87% of millennials think the opportunity for professional development was critical in 2018.
As career development statistics point out, if employees are disengaged, they are most likely to leave, and that’s why over 50% of companies struggle with retaining their employees. 25% of employees would like to be given a chance to do what they think they are the best at, while 74% of them would even invest their own assets in training. Despite that, more than 70% of learning at the workplace occurs informally.
25. 70% fewer safety accidents happen in workplaces with highly engaged employees.
Some of the significant benefits of employee engagement are employee safety, health, and satisfaction. They can focus on their work effectively, without having to think about possible stressful situations regarding the room for advancement or their bosses, which also makes them more satisfied.
26. Engaged employees are less likely to be obese.
Happy and engaged employees and prone to exercising more and eating healthy. Some of the other benefits that engaged workplaces deliver are higher sales, profitability, and stock price, better customer support, greater productivity, employee loyalty, employee retention, lower absenteeism, and better home life.
27. There are four employee engagement levels: engaged, highly engaged, disengaged, and highly disengaged.
Highly engaged workers are the most productive, innovative, and they contribute to the overall engagement score in a certain company or organization. Typically, 5–15% of the staff are highly engaged. 20–25% of employees are considered engaged.
28. Around 50% of employees are somewhat disengaged.
Disengaged employees are distracted for approximately 2–3 hours, and they don’t invest themselves fully in the given tasks. Roughly 5–15% of employees are highly disengaged. They doubt the company’s vision, and often undermine the efforts of more engaged coworkers.
29. Disengaged workers cost the economy around $300 billion every year.
Employee motivation statistics for 2015 show that the 100 best companies to work for had an incredible 200.6% return over the last decade. Some people believe that incentive programs don’t work. If an employee incentive program truly doesn’t work, it’s probably because it’s poorly structured or difficult to manage; evidence shows that companies that use incentive programs have a 79% success rate in achieving their goals.
30. Employee turnover costs a company around 21% of their annual salary.
That means that investing in increasing employee morale is more beneficial. Employee morale statistics reveal that the best means of increasing employees’ morale and productivity is enabling flexible work since those who have implemented it have experienced an 89% employee retention increase. Almost all employee turnover statistics regarding employee engagement show that work-life balance is the key to success for every company.
31. Engagement drops by almost 7% after one year of working at a company.
New employees are motivated in the beginning because they want to demonstrate their abilities. While 82% of employees are engaged in their first year of work, it quickly drops to 75% in the second one. After three to five years, it drops to 74%.