Achievers and Harvard Business Review Analytic Services identify the link between employee engagement and business performance
“The Impact of Employee Engagement on Performance” details best practices for driving better business results Toronto and San Francisco – January 23, 2014 – Achievers, providers of the only true cloud Employee Success Platform™, and Harvard Business Review (HBR) Analytic Services have released The Impact of Employee Engagement on Performance. The report focuses on the connection between employee engagement and achieving business results based on discussions with more than 550 executives. The report also features in-depth interviews with 12 best-practice company leaders detailing the benefits of implementing employee engagement strategies which drive improved business performance.
The findings provide deep insights into the relationship between a highly engaged workforce and an increase in innovation, productivity, and retention in highly competitive talent markets. Further, the report provides statistics and proven best practices from world-class companies that have established metrics and programs to effectively quantify and improve the impact of their engagement initiatives on overall business performance. The increasing demand for Employee Success initiatives stems from three trends identified in the study:
- Only 24% of respondents say employees in their organization are highly engaged.
- 71% of respondents rank employee engagement as very important to achieving overall organizational success.
- 72% of respondents rank recognition given for high performers as having a significant impact on employee engagement.
“Employee engagement needs to be a top priority for executives in today’s changing workplace. High-performing companies gain a distinct competitive advantage by effectively using data to tie employee engagement to business success gleaning actionable insights that can improve overall employee performance,” said Achievers CEO Patrick D. Quirk. “We’re thrilled to present The Impact of Employee Engagement on Performance, which identifies a clear connection between highly-engaged workforces and improved business performance.”
San Francisco-based Achievers is the only company to offer the Employee Success Platform, uniquely designed to help organizations drive employee engagement, alignment with business objectives and company values while creating an environment of daily recognition.
According to HBR’s research, today’s business leaders are acutely aware that there is much to be done to ensure that they have a highly engaged workforce that is aligned with business objectives but it requires considerable effort and top management focus.
To view the full report, The Impact of Employee Engagement on Performance, or visit www.achievers.com.
About Harvard Business Review Analytic Services
Harvard Business Review Analytic Services is an independent sponsored research unit within Harvard Business Review Group, which conducts research and comparative analysis on management challenges and emerging business opportunities. HBR Analytic Services has been recognized for its 2009 "Face-to-Face Meetings" research report, sponsored by British Airways, as a finalist in the 2010 M&M Awards in the category of "Best Contribution to a Media Campaign by a Media Owner." Research from Harvard Business Review Analytic Services has appeared in The New York Times, Economist.com, USA Today, the Times of London, and on CNN, Fox Business, and other major media. And sponsors have distributed HBR-AS reports at Davos and Rio+20, among other global events. Learn more at http://hbr.org/hbr-analytic-services.