Did you know that, according to recent job satisfaction statistics, employee engagement plays an important role in the success story of every business organization?
The thing is:
Paying close attention to the job satisfaction of employees gives a business an edge over other the competition.
You might be wondering:
“What is job satisfaction?”
Here’s an answer for you:
Job satisfaction can be defined as the feeling of fulfillment that employees derive from doing their job.
There are several reasons for the reduction in the job satisfaction of employees. And if you are an employer and trying to figure out how engagement levels of employees are rated, this article has got you covered.
Everyone deserves to understand the ins and outs of engagement of employees. So, we gathered the most useful stats and facts to help you understand how engaged or disengaged employees around the globe truly are. But first, let’s take a quick peek at some of the most important job satisfaction stats.
Fascinating Job Satisfaction Facts (Editor’s Choice)
- Companies lose between $450 – $550 billion each year due to disengaged employees.
- 63% of employees mark salary as important to job satisfaction.
- Employees of small firms enjoy more engagement than their corporate counterparts.
- Highly engaged employees are 87% less likely to leave their companies than disengaged ones.
- 33% of employees who are dissatisfied want to leave their jobs because they are bored.
- Only 2.7% of employees with good relationships at their workplace were dissatisfied.
- 33% of employees who are dissatisfied want to leave their jobs because they are bored.
- 43% of highly engaged employees receive feedback at least once a week.
- Companies with engaged employees earn 2.5x more revenues than companies with disengaged employees.
General Job Satisfaction Statistics
1. 75% of the reasons employees quit their job usually involves their manager.
Employee satisfaction statistics have proven that managers are the leading cause of employee dissatisfaction. Most of the research carried out on employees who leave their jobs points to many possible reasons. However, managers are usually involved in these majority of these reasons. So, managers are advised to build a relationship with their employees, as employee retention statistics show that this helps to keep workers happy and loyal.
2. Less than 64% of employees in the UK are satisfied with their job.
You will find some amazing sets of companies that put both the needs of customers and employees first in the UK. This is sure to keep employees happy and boost their level of work satisfaction. However, there are still workplaces where employees feel less satisfied and happy with what they do. According to studies, just under two-thirds of employees in the UK are satisfied with their job.
3. 63% of employees mark salary as important to job satisfaction.
Today, many agree that money is one of the biggest elements that serve as motivation to work hard. According to top employee engagement stats from Screen, just over six in ten employees mark compensation or pay as a crucial part of job satisfaction. So, it’s important to note that retention stats also point to the fact that providing compensation is a good way to keep employees loyal. That being said, there are a lot of other ways to retain employees.
4. 12% of employees leave for more money.
As mentioned earlier, money is part of the many reasons for securing a job. Recent career satisfaction statistics point to the fact that a lot of employees leave their current job to secure a higher-paying one. This is a very logical act that is bound to happen at one point in your career as an employee. After comparing the actual numbers, statistics show that just over in ten do this.
Job Satisfaction Facts on Employee Engagement
5. Employees of small firms enjoy more engagement than their corporate counterparts.
The workplace engagement of an employee is affected by the size of such a company. The level of engagement attained by small businesses is considered to be high. In small firms, attention can be easily geared towards both employees and customers with greater ease. When an employee receives more attention, their work experience is driven towards a higher satisfaction level. Recent studies based on popular engagement statistics have shown that employees of small firms feel more engagement than their corporate counterparts. This is one of the many advantages small firms have over corporate ones. As a brand owner, creating a bond between you and your employees will help them feel more engaged. This will surely lead to better productivity in the business.
Which bring us to the question:
Why is employee engagement important?
6. Profitability is increased by 21% if teams are highly engaged.
Profitability increases when employees put in their efforts to yield high-quality results for the company. Improving the process of work by adding extra efforts can tremendously boost company productivity and profitability. Employees begin to work harder, which has a positive effect on business profitability, top employee engagement data by Forbes reveals.
7. 45% of employees work in a company for at least two years.
Most people will stick around for a long time when they find a job they like. However, when it comes to work that offers less satisfaction, employees tend to leave after a short time. A study carried out on employment retention rates signified that less than half of employees last at least two years at their workplace. And disengagement has a lot to do with it.
So, how many employees are disengaged?
8. 18% of employees are disengaged.
Employee disengagement is something most brand owners will try to avoid at all costs. Among other things, it can lead to a drop in productivity and the loss of company funds. A study based on employee disengagement statistics shows that nearly one-fifth of all employees are disengaged.
Which brings us to the $64,000 question:
How to keep employees engaged?
9. 96% of employees believe displaying empathy can help with employee retention.
As an employer, being rude, bossy, temperamental, and lacking in empathy can come back to haunt your business. Today, employees keep this in mind and ensure the company they work for cares about their feelings. In fact, the overwhelming majority of employees believe displaying empathy can help with employee retention. Many companies consider this to be one of the many employee engagement and retention strategies needed to retain employees and boost their job satisfaction.
10. 75% of companies are using employee retention strategies.
The rate at which employees have left their jobs has increased over the past years. So, companies have started including key strategies to boost employee engagement and retention. Although addressing such issues can be a little bit time-consuming, companies need to check out special stats and facts first to speed things up.
11. Highly engaged employees are 87% less likely to leave their companies than disengaged ones.
Being happy with your job is sure to give you more than enough reasons to stay. This is simply basic human nature. From top happiness and productivity at work statistics, highly engaged employees are a lot less likely to leave their companies than disengaged ones. When people are interested in what they do, it usually means they are happy with it.
12. Employees who feel their voices are heard are 4.6x more likely to perform their best work.
According to recent employee engagement statistics, people who talk and communicate with a wide range of staff at their workplace get the chance to encourage collaboration. It gets even better when they have a good reputation within the company. The fact that they work in a place where their opinions count could turn out to be a great reason to stay.
What percentage of employees are engaged?
13. 15% of employees worldwide are engaged in their job.
That’s a scarily small number! And it also means that up to 85% of employees do not feel engaged in the job they do. This figure comes from recent statistics on employee engagement.
14. 93% of employees in nonprofit work feel engaged.
Employees in non-profit companies know they are doing their job based on their own will. This decreases the chances of them feeling dissatisfied. So over nine in ten feel engaged in their work.
15. Only 2.7% of employees with good relationships at their workplace were dissatisfied.
Based on the employee engagement stats put forward by Stats, only a tiny minority of employees with good relationships at their workplace feel dissatisfied. Finding employees who have good relationships in the workplace and are still dissatisfied is a rarity. This is a clear indication of the direct effect of personal relationships on employee satisfaction.
16. Companies lose between $450 – $550 billion each year due to disengaged employees.
Turnover statistics of companies show companies lose up to a mind-blowing $550 billion each year due to disengaged employees. This has affected a lot of organizations, as disengaged employees bring about extreme reductions to the productivity of that organization.
What are the benefits of employee engagement?
17. Companies with engaged employees earn 2.5x more revenue than companies with disengaged ones.
Engaged employees tend to bring many benefits to the table. One of the main ones is that companies with engaged employees earn considerably more than companies with disengaged employees. Productivity stats show that due to the increased engagement of employees in these companies, their profits skyrocket, as their workers will put in more efforts.
18. 43% of highly engaged employees receive feedback at least once a week.
Encouragement, recognition, and feedback are part of the many key factors that help employees stay engaged. Top retention statistics have proven this to be the case, as more than four in ten highly engaged employees receive feedback at least once a week.
19. 33% of employees who are dissatisfied want to leave their jobs because they are bored.
Boredom can dismantle people’s interest quickly. Once an employee becomes bored with the work they do, they begin to lose interest as well as satisfaction. In turn, this leads to extreme disengagement. According to popular employee loyalty statistics, about one-third of employees who are dissatisfied want to leave their jobs because they are bored.
Job Satisfaction in the US
20. Concerning their job, 32% of Americans say they are happy with how things are going.
Job satisfaction statistics also point to the fact that just under one-third of Americans say they are happy with how things are going at work for them these days. This satisfaction is sure to lead to higher levels of productivity for the companies in the country.
21. 51% of US employees feel satisfied with their job overall.
Although a lot of people hate their job in the US just like anywhere else, just over half of US employees are generally happy with their job. Productivity statistics have also shown that they can offer more engagement as well as more productivity to the companies they work for.
But it’s not all great news:
22. Only 20% of Americans feel passionate about the job they do.
Passion is a unique feeling, and only one-fifth of Americans are passionate about what they do for a living. This, of course, could potentially lead to disengagement or dissatisfaction. That’s why hosting a job survey can come in handy.
23. About 21% of Americans are eager to change their jobs.
Changing your job can be due to several reasons. Most people will change because they’re offered better pay elsewhere. The latest figures on job satisfaction by profession suggest this can also be because they feel they might offer better engagement when they work in another profession.
Interesting Stats On Job Satisfaction
24. 1/3 of employees will quit their job within the first 6 months.
Employee satisfaction statistics reveal that a large number of employees quit their job within the first six months Without proper replacement, the productivity of the company in question gets reduced. To fix such problems, companies should come up with innovative ways to engage their workers. These employment engagement strategies are sure to come in handy if you are a business owner.
26. 13% of employees who feel they have a higher chance of losing their job are dissatisfied.
Peace of mind is what all employees need if they are to perform at their best. According to employee dissatisfaction statistics, a considerable minority of dissatisfied employees feel they have a higher chance of losing their job. This situation is responsible for many cases of employee disengagement.
Which brings us to the $64,000 question:
How many people like their job?
27. 13% of people worldwide like their job.
Liking your job could mean you are very passionate about it. This mostly happens to people who find themselves working in their desired dream job, which doesn’t happen all that often. In fact, global workplace statistics suggest that a relatively small minority of people worldwide like what they do for a living.
28. 37% of employees consider recognition most important.
Employee motivation statistics show recognition is part of the many things that motivate people to work as hard as they can. These stats have revealed that over one-third of employees consider recognition as the most important.
29. 81% of employees could leave their job today.
Employee retention stats made on employees worldwide have shown that around eight out of ten employees are ready to quit on the spot. So, business owners should implement relevant strategies to sort this out. A staff engagement strategy, in particular, can be of great use.
30. About 4.8% of employees who had worked at non-standard times were dissatisfied with their work.
Non-standard times are times outside the hours of 7 am – 7 pm, from Monday to Friday. Many of those who had worked at these times experienced dissatisfaction, recent job satisfaction rates suggest.
Our top employee engagement statistics can help you learn a thing or two about how to keep your workers interested.
Let’s face it:
In today’s business climate, it’s not easy keeping your workforce fully engaged and firing on all cylinders.
With that in mind, the latest job satisfaction statistics are clear: