There is no doubt that engaged employees are key to maximized performance. As research performed by Gallup indicates, disengaged employees cost an organization more than $13,000 in lost revenue per employee per year. It is estimated that disengaged employees cost US businesses alone more than $300 Billion a year! In fact, many investors are placing an increased emphasis on engagement because companies with an engagement score of 60% or higher have an average five year shareholder return of more than 20%. Conversely, those with engagement scores of 40% or less typically have a negative return of 10% to shareholders.
Research has also found that after six months in a new job engagement drops by an average of 62%. In the average company the ratio of actively engaged to disengaged employees is 1.83:1. Conversely, world-class organizations have an engagement ratio near 8:1!
The encouraging news is that as organizations move toward this benchmark, they greatly reduce the negative impact of actively disengaged employees while unleashing the organization’s potential for improved performance and growth.
Pinnacle Management Group has a proven model that will assist your organization to become one of the benchmarks of your industry. Our approach is based on decades of research and successful implementation. The process steps are:
- Prepare for Change: Pinnacle Management Group developed the Team Performance Map to assist the team to prepare for change. Click here to learn more. When working with the leadership team, Pinnacle Management Group offers the Leadership 360 Degree Assessment or the Leadership 360 Degree Assessment for Clergy as a way to help prepare individuals for change.
- Training – Each client has different needs and aspirations. Consequently the training is tailored for your specific requirements. Click here to learn more.
- Implementation assistance – One of the biggest challenges many organizations have in making sustaining changes to improve engagement so that revenues, productivity and performance are increased is keeping the momentum going. It is easy to get excited about the prospect of change while sitting in training. However, it is much more difficult to implement the new skills/tools and knowledge upon returning to the daily pressures at work. That is why world class processes include implementation assistance. This takes a variety of forms depending upon the client’s needs, including consultation, coaching, facilitation etc.
- Feedback – Everyone likes to get feedback on how they are improving. Thus, our recommended process includes periodic Team Performance Maps that will allow the team to measure progress. This also ensures that the improvements remain on the front burner at all times.
To learn more about how our process can help boost engagement within your organization, please fill out the form below to schedule a conversation to discuss your specific requirements.
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