It’s estimated that disengaged workers cost the Canadian business economy over $350 billion annually in lost productivity. According to the Management Journal’s semi-annual Employee Engagement Index, approximately 60 percent of employees are not engaged, 15 percent are actively disengaged at work and only 25 percent are actively engaged. Why are these statistics important to businesses and economic growth? To remain competitive and grow as a business, organizations must stay focused on winning the talent war by hiring talented people and proactively working to keep them. Turnover costs are high — and not just in terms of replacement expense. It can also cost your company in productivity, and it’s demoralizing to other team members when they see good people leaving the organization. (more…)
The Labor Day holiday has come to represent many things beyond the original vision put forth by union leaders in the nineteenth century. For some, it represents one final dash to the beach for an end-of-summer celebration. Maybe it’s a small town parade with marching Cub Scouts and glad-handing politicians. For others it’s the perfect opportunity to replace an aging washing machine thanks to a “Biggest Labor Day Sale EVER!” None of these things are bad, in fact they have become part of the rituals we’ve come to enjoy each September. (more…)
This is the fifth in a continuing blog series based on insights and findings from the Sodexo 2016 Workplace Trends Report. The Report examines nine key trends affecting business outcomes and the quality of life of employees and consumers. To learn more, access the full article: Redefining Employee Engagement through Recognition.
Innovation. It’s one of those buzzy business words you hear in commercials for cars or even vacuum cleaners or perhaps read in full-page ads printed in the Wall Street Journal and New York Times. But what does it really mean to innovate in 2015?