Business Cost of Employee Turnover

Ever wonder what your employees are doing behind their computers? Are they working or playing games? Tweeting or sharing photos with friends on Facebook?  What’s that costing your organization in lost productivity?

Nearly 66% of employees are dis-engaged. 55% want out. In the meantime, on your dime, they’re playing games and in some cases, sleeping as shown in this Infographic by industrial/organizational psychology research institute NBRI.

But, that’s only half the story. This infographic also shows the critical skills managers and leaders can use to engage their workforce:

Statistics on employee engagement

The ability of managers to coach and develop their employees is a  critical leadership skill that so many managers lack. Many of them don’t know this is important or they are uncomfortable coaching. But, according to a PWC study, this is one of the top management skills critical to successfully operating a business.  The impact on peak performers, especially younger ones, is huge.  In fact, Millennials prefer career coaching to a bonus by a factor of 3 to 1: 

 58 percent of millennials—the younger generation of workers—will be loyal to an organization only if they feel fulfilled in their roles.”  

As they say, a picture tells a thousand words. What are you doing to train managers to be better communicators and coaches?

 

This entry was posted in communication, HR, IN, management, motivation and tagged , , , , , , , , , , , , . Bookmark the permalink.