67% of Your Company is Disengaged
At some point in your life, you’ve probably smacked the snooze button on your alarm and thought, “Man, I just don’t want to go to work today.” Maybe you don’t like the culture of the company you work for, don’t like your physical office space, or maybe you don’t have the necessary resources to support your day-to-day tasks. That’s disengagement. According to Gallup’s State of the American Workplace study, only 33% of employees are actively engaged at work. A staggering 50% of the workforce is not engaged, and the remaining 17% are actively trying to harm their organization. Engaged employees are productive employees. This means an organization gets the most out of its employees, and employees get the most out of their organization.
Investing in Engagement
People are typically an organization’s largest expense. According to Gallup’s State of the American Workplace study, the cost of payroll, benefits, paid time off, and training often represent up to 80% of a company’s expenses. The cost of real estate, interior fit-out allowances, and furnishings are minimal in comparison. But an investment in physical office space can bring a significant return on investment through staff engagement. Companies that create a place where people want to come to work see reduced levels of absenteeism, lower turnover rates, and increased overall profits because of higher engagement in day-to-day tasks.
Spaces that Win the Talent War
Not only is the workforce a large expense, but it’s getting harder to attract talented people. According to PwC’s 17th Annual Global CEO Survey, 63% of CEOs said availability of skills is a serious concern. Nationally, unemployment is near a 10-year low. This means there is a shortage of available talent and because the pool of available candidates is smaller, it’s harder for an employer to attract them. Recruits aren’t just interviewing with your competitor down the street; they’re talking to employers across the country and around the globe. And they aren’t just evaluating a company based on the salary and benefits package. They want to know about the organization’s culture, to connect with its mission, and to live in a vibrant community. Engaging spaces help organizations win the talent war by attracting strong employees who fit their culture and work mode.
A people-first workplace not only reinforces a company’s culture, but improves it. It connects an organization’s built environment to their messages. People-first workplaces allow teams to achieve their purpose and help staff perform at a higher level. That, in turn, leads to an increase in the overall performance and profits of the organization. By focusing on creating a people-first workplace, companies are able to better attract and retain talent, improve productivity and performance, and increase overall profits.
Follow along with us throughout July to learn more about the ways that culture, message, and purpose create people-first workplaces.