The cost of doing nothing about employee engagement

When it comes to employee engagement, you have a few options as to how you can execute. One of those options is to do nothing. If your company culture is “work only”, and doesn’t offer much in the way of cultural outlets, then you can choose to not consider your employee engagement as a cost savings measure. For some this can mean a minor cost saving on the bottom line, year on year. However, the cost of doing this could be far greater than the simple implementation cost of using an employee engagement program.

For instance, if you lose your newly recruited employees to lack of engagement, the costs can blowout. The first six months in an employee’s time is crucial, with 90% of newly recruited employees deciding to stay in an organisation within this period. With a lack of emphasis paid to employee engagement, only 24% of employees in…