X

Would you like to customize your experience?

We will only send you the content you are most interested in.

I'm interested in:

Not now, thanks.

Stay Up-to-date with Xceleration

Companies can save thousands by improving engagement

Canadian companies must be doing something right, as a recent survey found worker engagement had increased in part due to greater focus on employee recognition.

Canadian companies must be doing something right, as a recent survey found worker engagement had increased in part due to greater focus on employee recognition.

The study from Aon Hewitt, entitled "Best Employers in Canada," found that the average engagement score for the group of 280 employers was 79 percent, up one percentage point from the year before. Specific sectors differed in their level of staff member engagement, with real estate and law firms rising by four and five percentage points, respectively.

"High employee engagement is strongly correlated with a range of productivity-related measures such as revenue per employee, absenteeism and turnover," Neil Crawford, leader of the study, said. "Highly engaged employees have slightly more than one-half of the absenteeism of disengaged employees."

Crawford added that the productivity savings for high engagement based on a reduction in absenteeism alone could result in $1,000 per employee, when six days of absences are negated.

There are numerous ways in which companies can improve engagement and realize savings, including employee reward programs and tangible incentives.

What are you waiting for?
Subscribe to get the latest from our blog!