If your employees are miserable, it’s likely your bottom line is, too.
Good&Co has created an infographic that addresses the ramifications of low morale around the office—which are more substantial (and financial) than you might imagine. The graphic cites the Gallup statistic that disengaged workers cost the U.S. economy upward of $550 billion in lost productivity each year.
As costly as apathy is, turnover might be even more so. The infographic states:
The infographic touts the importance of investing in a culture that prioritizes worker happiness. To wit, Good&Co says “happy” employees:
What are the financial implications of keeping workers dialed in? According to the infographic, companies with a “highly engaged workforce” lifted income by 19.2 percent over the course of a year. Meanwhile, businesses with poor engagement saw income sink by 32.7 percent over the same period.
Good&Co offers six tips to keep employees whistling while they work:
1. Screen all new hires for company culture fit.