This Week's Herman Trend Alert

Super-Agers Part 2
 

  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."

WATCH JOYCE'S TV SHOW: IT'S YOUR FUTURE WITH JOYCE GIOIA!
This week, our own author, Joyce delivered the second episode of her own show on Roku.tv. (and now Apple.tv as well) It's Your Future with Joyce Gioia debuted last month in various timeslots---due to time zones. The second episode featured Joyce talking about The Future of Living Spaces. Of course, Joyce will continue to deliver the futures commentary segment of INGOMU's podcast, The Future of Life, Work, and Wellness which also appears on the Futures Television channel on Roku.tv. Each podcast closes with a special commentary from our author Joyce about what the interview insights mean for the future. Eventually, FuturesTelevision.com will offer the listings for the showings of both programs.

BACK BY POPULAR DEMAND: EMPLOYEE RETENTION SPECIALIST CERTIFICATE PROGRAM
The War for Talent is back. How can you compete? By having an Employee Retention Specialist on your staff. If you were ever interested in taking the Employee Retention Certification Program, now is the time for you to speak up. Joyce is putting together another class featuring the latest research for the end of September. Call Carol at 336.210.3548 or email info@hermangroup.com to express your interest.

SAVE THE DATE: DUBAI FUTURES FOUNDATION WILL HOLD ITS ANNUAL CONFERENCE 10-12 OCTOBER IN DUBAI
Hosted by the Dubai Futures Foundation, the event will convene 400 of the world's top futurists to anticipate challenges, imagine opportunities, share foresight, and shape the future. For more information, visit https://www.dubaifuture.ae/dubaifutureforum/

To read this Herman Trend Alert on the web: https://hermangroup.com/alert/archive_8-10-2022.html.


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