Gallup

While voluntary employee turnover rates have stabilized since the Great Resignation due to cooling economic and job markets, employees’ long-term commitment to their organizations is currently the lowest it has been in nine years. Employee retention challenges are emerging, and failing to act could lead to costly replacements in the future. Gallup estimates that the replacement of leaders and managers costs around 200% of their salary, the replacement of professionals in technical roles is 80% of their salary, and frontline employees 40% of their salary. Learn what actions managers can take to reduce employee turnover. https://lnkd.in/gM_-_--V

In the latest episode of Leading With Strengths, Gallup’s global leadership study, Accenture’s Chief Leadership & Human Resources Officer Ellyn Shook joins Gallup CEO Jon Clifton to share how Accenture's adoption of a strengths-based approach revolutionized performance management for more than 740,000 employees. Listen in as she discusses the shift from "feedback" to "feed-forward", then watch the full interview here: https://lnkd.in/gM66mTPx

Just three in 10 managers globally are engaged -- feel involved and enthusiastic -- in their jobs. So, the chances of them engaging and improving the wellbeing of those they lead are low. If a company wants to increase workforce engagement, it should prioritize making managers’ jobs as streamlined, engaging and fulfilling as possible. Organizations must identify and promote the best methods for selecting and developing managers with the talents and skills to effectively coach in the new and changing workplace. It is also important to reformulate the primary responsibilities of managing, shifting from administrative work to coaching. Learn how to create an engaged workforce by empowering your managers: https://lnkd.in/g8jD6Auj

The biggest gaps between manager and employee perceptions are in the delivery of recognition and frequent feedback. Nearly 60% of managers feel they are doing a good job recognizing their team’s hard work and contributions, but only about a third of individual contributors (35%) share the same sentiment. The largest difference between manager and employee perceptions is in how often they think feedback is provided. Only one in five (20%) employees say they receive feedback weekly, compared with about half of managers (50%) reporting they deliver it weekly. Learn more about manager’s strengths, weaknesses and blind spots here: https://lnkd.in/gAEWyKtT

In 2023, the Middle East and North Africa had the lowest regional percentage of employees who say it is a good time to find a job (33%) and the highest level of actively disengaged employees (25%). Gallup’s State of the Global Workplace: 2024 Report finds that poor job markets are highly correlated with active disengagement. When asking respondents if they felt it was a good time to find a job where they live, their responses track consistently with official unemployment statistics. Discover more insights on workplaces in the Middle East and North Africa in Gallup’s latest State of the Global Workforce report. https://lnkd.in/gS8fDcpv

One statistic Gallup has found to remain consistent over time is this: 70% of the variance in team engagement is determined solely by the manager. Yet, managers spend just 7% of their time managing people. Our German Index report emphasizes this disconnect. Gallup Managing Partner Pa M. K. Sinyan explains, “97% of managers believing they’re doing a really good job of managing their people, while 69% of employees experience bad managers, so somebody’s not telling the truth, obviously.” Explore the full report here: https://lnkd.in/g2Nvm6df

Workplaces in Australia and New Zealand have reason to celebrate. In 2023, the region had the highest percentage of thriving employees (60%), the lowest percentage of employees experiencing daily loneliness (13%) and the highest percentage of employees who say it is a good time to find a job where they live (79%). Learn more about the regional successes and pitfalls Australia and New Zealand faced over the last year, and dive into other regional findings in Gallup’s latest State of the Global Workplace report — out now. https://lnkd.in/gK_3PE_U

One key metric when gathering data for Gallup's State of the Global Workplace report is our Q12 employee engagement survey. Gallup's Q12 meta-analysis finds that the powerful relationship between employee engagement and performance can be generalized across countries, industries, organizations and teams. With the average employee spending 13 straight years of their lifetime working – humans are spending more time working than any other activity besides sleeping. This makes it crucial for companies to actively engage their employees and address their most pressing needs. So how is life at work going for millions of people? And why should leaders care? Learn more about how work and life is going for the world’s employees here: https://lnkd.in/gykv8qSw

In the latest State of the Global Workplace report, 41% of employees report experiencing “a lot of stress.” Yet stress varies significantly depending on how the organizations are run. Those working in companies with bad management practices (actively disengaged employees) are 60% more likely to be stressed than those working in environments with good management practices (engaged employees). Leaders know workplace stress is a problem -- they’ve seen the data, heard it from their colleagues and experienced it themselves. A quarter of leaders feel burned out often or always, and two-thirds feel it at least sometimes. Many are trying to address it, but often in ineffective ways. Read the full story here: https://lnkd.in/gzbJRcr5

Europe had the lowest regional percentage of engaged employees in 2023 — just 13%, compared to the global average of 23%. Over a third (37%) also reported experiencing stress a lot of the previous day, up a percentage point from the previous year. Discover what leaders can do to create a more engaged workplace and explore additional global findings in Gallup’s State of the Global Workplace: 2024 Report. https://lnkd.in/gFuGiD4m