The Cost of Ignoring Employee Engagement
Are your employees disengaged? If so, it could be costing your business. A recent study shows that 85% of the global workforce is disengaged. The effect? An estimated loss of $225.8 billion annually. This comes from a combination of workplace illness, injury, and absenteeism. At roughly $1,600 lost per employee, it’s clear that investing in a healthy, engaged workforce will save companies money in the long term.
Creating a corporate culture of wellbeing is worth the investment. In a recent study, 43% of respondents felt that programs designed to benefit employee well-being not only reinforce the organization’s mission and vision but 60% report these initiatives positively impact employee retention. Finally, 61% believe they improve employee engagement and overall productivity.
Worth the Investment
Creating a corporate culture of wellness improves employee engagement and inspires workers to generate more innovative ideas, create new business, and have better entrepreneurial energy. These same employees had 70% fewer accidents, took 56% fewer sick days, and has 25% less absenteeism. It’s no wonder why companies with engaged employees outperform their competition 200%.
Ultimately, offering any benefit doesn’t guarantee universal participation, but creating a corporate culture of wellness does ensure employees will engage in healthy behaviors that positively impact corporate culture—and your bottom line.
At Gympass, we work with clients every day to address these concerns and provide a unique benefit that is proven to engage employees. Download our newest white paper, “Maximizing Return on Engagement (ROE)” to learn more about the important role HR plays in keeping employees engaged.