If your employees seem disengaged and isolated from their work and your company, you’re not alone Gallup research, which defines employee engagement as “the involvement and enthusiasm of employees in their work and workplace,” found that only 33 percent of employees reported being engaged at work in 2023.
New research from McKinsey & Company finds that when employees are disengaged—which can result in frequent absenteeism, stress, poor performance, self-solation and increased conflict—they cost a midsize S&P 500 company between $228 million and $355 million per year in lost productivity—or at least $1.1 billion per company over five years. It follows that improving employee engagement can offer significant benefits for your team and your larger organization.
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