Only 29% of America’s workforce is actively engaged in their organization, meaning they are psychologically committed to their jobs and likely to be making positive contributions.
Half (54%) of employees polled by Gallup are not actively engaged – and even worse, 18% identified as actively disengaged!
Engaged employees boost productivity, facilitate teamwork, lower employee turnover – and we all know how much more it costs to replace an employee than retain one. Organizations with engaged employees have 3.9 times the earnings per share than their competitors.
How can philanthropic policies affect a business and lower turnover?
- 43% of consumers are more interested in the social purpose of a company than design or innovation.
- 45% of employees would take a 15% paycut if it meant they could work at a job that made a social or environmental impact.
- 80% of surveyed 18-25 year olds wanted to work for a company that cares about how it impacts and contributes to society.
Philanthropic polices stand out in the hiring process!
Options you can offer:
- Paid time off for employees to volunteer for what is important to them
- A match to a portion of employees’ charitable donations
- Employee-driven selection of which charities and programs to support
Budget constraints? There are plenty of ways to facilitate community partnership without spending money, such as donating meeting space.
Ramp up your employee engagement and retention: