Look at the facts and numbers from a recent survey: “organizations with high employee engagement have: higher stock value, 22% higher profitability, 21% higher productivity, 10% higher customer engagement, 25-65% lower turnover, 37% lower absenteeism, 28% lower shrinkage (theft), and 48% fewer staff safety incidents.”
At a minimum, your turnover cost is 1/3 annual salary based on a meta-analysis of 21 different companies with employees making $8/hr. That equates to $5,000 per leaver if they are only making $8/hr. Most employees make more than $8/hour, and in turn, your turnover cost is actually much higher. If you save 10 employees, you just saved your organization $50,000. Now - plug in your actual numbers. The savings you gain when using Engagement Studies are impressive.
Engagement Studies give you the information you need to understand employee attitudes to make positive changes and reduce internal costs significantly.