It should be no surprise that the future of the workplace is changing and evolving. But despite those changes, one thing remains constant: the importance of having engaged employees, and the role a company’s culture plays in that equation.
Our JLL Workplace Strategy experts recently took a look at just how important engagement and culture are, and the financial implications they can have on an organization.
According to the recently released report, 80% of employees are actively disengaged with their work, the product of which costs US workplaces upwards of $550 billion per year. On the flip side, as the chart below shows, engaged employees can improve a company’s bottom line through increased customer satisfaction and enhanced productivity.
Company culture plays an integral role in driving improved employee engagement and can significantly affect very real business outcomes. Companies that actively develop their culture return 516% higher revenue and 755% higher income. Genuine expression of a strong and vibrant company culture can also serve to attract new talent. One workplace study shows that more than 70% of workers would settle for slightly less pay but a better work environment.
For a more in depth look at how company culture impacts productivity in the workplace, I encourage you to download our complete Fully Engaged report, and feel free to contact me or connect on LinkedIn with any questions.