American companies are struggling to keep and engage most employees. Only one-third of employees say they're engaged in their work---and Financial Institutions are no exception.
Gallup's 2017 State of the American Workplace survey found that the impact of engagement can be huge. The top quarter of companies with the highest engagement, compared to the lowest, had:
- 59% Lower Turnover (Low-Turnover Organizations)
- 24% Lower Turnover (High-Turnover Organizations)
- 17% Higher Productivity
- 20% Higher Sales
- 21% Higher Profitability
Clearly an engaged workforce has powerful effect, and day-to-day communication is key to improving engagement. Consistent employee communication is a challenge for most organizations, but technology is making it much easier.