Findings:
Gallup's "State of the Global Workplace" report estimates that low employee engagement costs the global economy $8.9 trillion, or 9% of global GDP.
Roughly 20% of workers globally experience negative daily emotions like loneliness, anger, or sadness, while 41% report feeling stress.
Younger workers, remote workers, and disengaged employees are more likely to feel lonely.
Disengaged employees can have well-being levels as low as, or lower than, unemployed individuals.
Only 23% of employees are engaged at work, while 62% are not engaged.
Engaged managers play a crucial role in improving employee engagement and well-being.
The United States and Canada have the highest employee engagement but also high levels of stress, while Europe has the lowest engagement.
Key Takeaway:
Low employee engagement has a significant negative impact on the global economy and individual well-being. Organizations can improve engagement and well-being by focusing on manager development and fostering a positive work environment.
Trend:
The report reveals a concerning trend of low employee engagement and high levels of negative emotions among workers globally.
Conclusions:
Employee engagement and well-being are critical for individual and organizational success. Addressing these issues can lead to improved productivity, profitability, and overall economic growth.
Implications for Brands:
Prioritize employee well-being: Invest in programs and initiatives that support employees' mental and emotional health.
Develop strong managers: Train and empower managers to create a positive and engaging work environment.
Foster a culture of belonging: Encourage open communication, collaboration, and connection among employees.
Recognize and reward engagement: Acknowledge and appreciate employees who are engaged and enthusiastic about their work.
Measure and track engagement: Regularly assess employee engagement levels and use data to drive improvement initiatives.
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