This Week's Herman Trend Alert Remote Work Associated with Higher Rates of Depression

The Herman Trend Alert August 11, 2010 Global Employee Engagement Declining As business around the world is increasing, global employee engagement is waning significantly. In fact, in the most recent study of employee engagement levels by Hewitt Associates, the report found that engagement levels at the end of the June 2010 quarter represented the largest decline Hewitt has seen in 15 years. Not surprisingly, this dramatic drop is due to the growing strain between employers and their employees. Employers are attempting to stabilize their financial situations and their employees are exhausted after 18 months of stress, insecurity, and bewilderment thanks to the effects of the recession and their employers’ actions. Historically, Hewitt's research has shown that about half of the 900 organizations polled improved their engagement levels in a one-or-two year period, while 15 percent experienced a decline. However, this year's study shows more than three times the number of organizations with declining engagement levels. . . so that in the quarter ending this June, 46 percent of organizations reported falling engagement levels. Only 30 percent improved. Hewitt's analysis found an obvious link between employee engagement and financial performance. Organizations with high levels of engagement (65 percent or greater) outperformed the total stock market index and posted total shareholder returns 19 percent higher than the average in 2009. On the other hand, companies with low engagement (40 percent or less) had a total shareholder return that was 44 percent lower than the average. Hewitt also detailed a number of key factors common to organizations with higher engagement levels and offers the following suggestions: Focus on the long term Obtain buy-in from leadership for making engagement a top priority Implement specific and measurable actions and take steps in areas where the organization will see a clear impact *Involve all stakeholders and clearly communicate their roles *Understand and focus on key employee segments and critical talent Utilize a broader array of information and analytics Strengthen the onboarding process. Expect some enlightened companies to heed this valuable advice and reap the rewards including higher levels of engagement and a stronger bottomline. Others that ignore these suggestions will have high employee turnover and much lower profits. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 1.336.210.3548 or https://hermangroup.com. To sign up, visit https://HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." BE RECOGNIZED AS AN EMPLOYER OF CHOICE® in 2023 With the low unemployment rate, we've seen a strong resurgence in interest by employers in being recognized as an Employer of Choice®. Celebrate your employee-centered corporate culture! This coveted award is well worth the effort, yet is not easy to achieve. Download the extensive application at http://www.EmployerOfChoice.com; or for a Word® version, drop a note to Joyce@EmployerOfChoice.com or call Joyce at 336.210.3548. JOYCE IS ON THE RADIO EVERYDAY NOW To listen to Joyce's TV shows on the radio, simply visit RadioFutures.com. Joyce's show is streaming every day at 3:00PM Pacific Time. FUTURES SHORTS: HERMAN TREND ALERT HIGHTLIGHTS IN A PODCAST Every week, my cohost Rom Gayoso and I will give you the highlights of this week's Herman Trend Alert. Look for it on LinkedIn Live on Wednesday afternoons (when I am not traveling) or on YouTube on the IMCI Channel. To read this Herman Trend Alert on the web: https://hermangroup.com/alert/archive_3-15-2023.html. Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service. Subscribe or Unsubscribe to weekly Herman Trend Alert View this week's Herman Trend Alert Archived Weekly Herman Trend Alerts

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