and thus are emotionally engaged with their organization. Here is further proof in the form of Gallup study - Data from over 23 thousand business units showed that those with the highest engagement scores (top 25%) averaged 18% higher productivity than those with the lowest engagement scores (bottom 25%) and also:
31% in turnover for high-turnover companies (those with 60% or higher annualized turnover) 51% in turnover for low-turnover companies (those with 40% or lower annualized turnover 12% in customer loyalty/engagement 62% in safety incidents 51% in shrinkage 18% in productivity 12% in profitability
This is impressive proof that the right management commitment and focus on people and their skill building can lead to every employee feeling like they have a stake in the organization!
References The Towers Perrin research, Kenexa research and Gallup study are taken from open sources /internet, www.delta7.com , 123rf.com
Neelima Chakara is a Management Accountant and a Project Management Professional by qualification. She has 18+ years of work experience in Finance, operations and projects management. She is currently working for EYGBS India Private Limited and have worked for organizations like Infosys, Oracle, Accenture and ITI Limited in the past. You can reach her out on LinkedIn
Feedback: pminicmag@pminorthindia.org, Prashant@pminorthindia.org
Synergy June 2014, Page