In a world where flashy perks and big budgets don’t guarantee success, the real game changer is engaged employees. In fact, a recent report revealed that global employee engagement declined in 2024, costing the economy an eye-watering $438 billion. CEOs need to focus on creating environments that empower and energise their teams. Here’s a quick breakdown of what’s going wrong and how to fix it.
Key Points
- Global employee engagement dropped by two percentage points in 2024, with significant economic repercussions.
- The erosion of engagement is linked to higher burnout rates among managers, creating a paradox of demand for results versus the need for employee flexibility.
- There’s a potential $9.6 trillion boost to the global economy if workplaces achieve higher engagement levels.
- CEOs can drive cultural shifts by integrating meaningful initiatives that reinvigorate employee purpose and wellbeing.
- Corporate volunteering has proven to be a key tool for improving engagement and should be seen as essential rather than optional.
Why should I read this?
If you’re in the C-suite or working closely with leadership, this article is a must-read! Understanding how to improve employee engagement isn’t just fluff; it has direct implications on profitability, innovation, and everything that drives your organisation to the next level. Dive in to find out how you can turn engagement challenges into a competitive advantage!