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Global Economy Suffers Due To Low Employee Engagement

employee engagement

Employee engagement and well-being are crucial factors that impact not only individual workers but also the global economy, as highlighted in a recent report. The report, titled 'State of the Global Workplace,' revealed that low employee engagement costs the global economy a staggering $8.9 trillion, equivalent to 9% of the global GDP.

The findings were based on a comprehensive survey conducted as part of the annual World Poll, which gathered responses from 128,278 employees across more than 140 countries. The survey uncovered that approximately 20% of workers worldwide experience feelings of loneliness, anger, or sadness on a daily basis, with 41% reporting feelings of stress.

Notably, younger workers, full-time remote employees, and those who feel disengaged at work are more likely to report feelings of loneliness. The report emphasized that while work may not always be the root cause of negative emotions, employers should be attentive to its impact on employee well-being.

The report highlighted the significant influence of work on employees' daily experiences, noting that meaningful work relationships can lead to high levels of enjoyment and low levels of negative emotions. In contrast, disengagement at work can have detrimental effects on well-being, with disengaged employees experiencing levels of stress and negative emotions comparable to or worse than those who are unemployed.

20% of workers worldwide experience daily negative emotions.
Low employee engagement costs global economy $8.9 trillion.
Engaged employees drive performance and innovation.

Despite the importance of employee engagement, the survey revealed that only 23% of employees reported being engaged at work, while 62% were classified as not engaged. Engaged employees were described as highly involved and enthusiastic about their work, driving performance and innovation within their organizations.

The report emphasized the role of managers in fostering employee engagement, highlighting that engaged managers contribute to higher levels of employee well-being, productivity, profitability, and sales. Organizations that prioritize well-being and invest in manager hiring and development tend to have higher levels of engagement among employees.

Regional variations were observed in engagement and well-being levels, with the United States and Canada showing the highest percentage of engaged employees. However, these regions also reported high levels of daily stress. In contrast, Europe exhibited the lowest level of employee engagement, while South Asia had the lowest percentage of thriving employees overall.

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