You hear the words "employee engagement" and you might think of happy hours on Fridays or company camping trips. But the truth is far more pragmatic: When employees are engaged, they don't drain profits from the company.
It’s not just your organization, by the way. The epidemic of disengagement has infected 70% of workers. And according to Gallup, these disengaged workers are showing up to work, but their lack of interest or inspiration is costing US businesses anywhere from $450-$550 billion a year in lost productivity.
What if You Could Solve the Disengagement Problem?
Because disengaged employees are taking away from your bottom line, it makes sense to look at how your company could turn this situation around. Increasing engagement results in some eye-opening statistics. As the infographic points out:
Investing 10% more into employee engagement efforts could easily increase company profits by $2,400 per employee per year.
Engaged workers are 38% more likely to have above average productivity.
Companies with engaged employees outperform competitors with disengaged workers by up to 202% and enjoy 2.5X more revenue growth.
Best part: Highly engaged workers are 87% less likely to quit than their bored counterparts.
Culture and Collaboration: 2 Keys to Greater Employee Engagement
While you have no direct control over how disengaged employees choose to react to the company or to their work, you do have control over two key areas that affect their engagement: The company culture and the amount of collaboration in your organization.
Company culture is often (and quite wrongly) equated with perks. But the truth is it's a combination of your company's beliefs, values, and behaviors. It's how you interact with one another and how you work together.
A few salient points from the infographic:
90% of CEOs say culture is important.
But only 15% of CEOs say their company's culture is where it needs to be.
And yet peers and camaraderie are the #1 reason that employees go the extra mile in their work. It's not for money, it's for the community.
So imagine if you could direct your culture so that it builds up the spirit of collaboration throughout the entire organization. Think about what kind of impact that would have on engagement. Especially since 86% of employees and executives cite "lack of collaboration or ineffective communication" as the top reason for work failures.
Lionel is a former Content Marketing Manager of Wrike. He is also a blogger since 1997, a productivity enthusiast, a project management newbie, a musician and producer of electronic downtempo music, a father of three, and a husband of one.
Why You Should Care that Marketing & IT Leaders are Collaborating More (Infographic)
Collaboration is the new way to work. We no longer make progress in the silos of our own departments, we synchronize the efforts of multiple teams to get projects out the door faster and with better results. 55% of marketing leaders say they're now collaborating more closely with IT leaders than ever before.
But there are still many kinks to work out in the collaborative process. It is not easy to collaborate with new teams for the first time — especially other departments who are used to different lingo, processes, and mindsets.
If you want to prevent your collaborative efforts from devolving into a war between right-brained and left-brained colleagues, check out this infographic to see the common challenges facing Marketing & IT collaboration, and then think about how your team can overcome those barriers.
Sources: The Creative Group (TCG) and Robert Half Technology (RHT)
How to improve collaboration between Marketing and IT professionals
TCG, RHT, and Wrike have published several articles to help you think about how to overcome the collaboration problems between these two power groups in your organization. They're worth reading, so take a look:
Can We Please Get Along? 10 Tips for Collaborating with IT Professionals
The Great Creative-IT Divide: Top 10 CIO Concerns
3 Collaboration Tips for Enhancing Teamwork
Why Every Company Needs a Culture of Collaboration
Collaboration
5 min read
How to Break Down Work Silos Between Departments
why aren't more people collaborating? One major reason: corporate silos and the silo mentality. This is where groups or departments within an organization refuse to share information with others, which results in turf wars and inefficiency. If you're going to break down silos, you will need a mandate from management. But then you will also need the right culture and the corresponding tools that can help lay your cards on the table.
Collaboration
5 min read
Your Workplace is Scarier Than a Horror Movie
Happy Halloween! If you really want horror stories, forget Stephen King. You need look no further than your own workplace!
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