It’s sad, but true: only 32% of U.S. employees feel engaged in the workplace. And although it’s true that work is just that — work — low team morale can actually have a widespread and negative affect on your business. As it turns out, boosting employee motivation is actually correlated with higher productivity, higher profits, and higher growth.
The bottom line? The better your employee motivation, the better your business will run and ultimately thrive. Here are some useful stats on why that team morale is so important, and what you can do to help your team thrive.
Importance of Team Morale
Not surprisingly, employee motivation shares a strong bond with productivity in the workplace. When companies are ranked by employee engagement, not only is there an uptick in productivity, there’s also an increase in collaboration and work ethic.
According to a study by the Temkin Group, employees are more likely to help someone at work without being asked and are more likely to stay late to complete a task if they feel highly engaged in the workplace. That means more work getting done, and more success to the company overall.
If you’re looking for a way to increase your company’s profits, start with boosting team morale. Managers who look out for their employees’ well being outperform competitors in a multitude of ways, as shown in the infographic above. And not only will your profits soar, but your company image will benefit as well — and recruit more engaged employees in turn.
At the beginning phase of a small business, growth is everything. Organizations that are hiring are more likely to have engaged employees than not. Additionally, those employees are far less likely to leave.
According to a study on Jobvite, 21% of job seekers leave a position due to company culture. If you make the effort to engage your employees, your growth will continue in the best direction possible — which is a win-win. You can check out the full infographic here.
Learn which perks and benefits employees want the most.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.