Proving the business benefits of employee engagement

Hegemonic approach to engaging with senior leaders

“Organisations with high levels of engagement continue to outperform the total stock market index and those in top quartile posted total shareholder returns 17% higher than average in 2015. Those that were granted Best Employer status - using the criteria established by Aon Hewitt’s Global survey in 2015 - produced shareholder returns 57% higher than average. In addition, organisations without a performance management culture increased their net income by one per cent over 11 years. Those with a performance management culture saw a 756% increase in net income – as found in a Harvard Business study.

“True talent management should deliver a return on investment for any size organisation with the proof being in its measurement. In the UK it can cost around £30,000 to recruit a new employee and so retention of the best people and ensuring you get strategies for retention and recruitment right are clearly important- a report by Oxford Economics found.

“A 2013 survey by CareerBuilder indicated 27% of UK employers had a single bad hire cost over £50,000, but functioning without employees in key roles can cost money. A typical assumption is that the cost is three times salary but it can be more than £5,000 per day if a pivotal position isn’t filled which is clearly important to succession planning.