Killer Stats

Employee Engagement

•  Acquisition and retention of employee talent is the number 1 factor identified by CEO's in achieving success in the future. Employee motivation and engagement was rated number 4. (Source: Hewitt & Assoc)

•  87% of Australian big business have downsized in the past 12 months and are planning further cuts in the future. (Source: Lee Hecht Harrison)

•  During down sizing 89% of companies rated retention of high performing employees as very important, yet only half of these firms had implemented a plan to retain top staff. (Source: Lee Hecht Harrison)

•  90% of organisations are dealing with attraction and retention of employees at board level, because it is now such a critical issue for their survival. (Source: AHRI)

•  Only 30% of corporations have well developed strategies for staff retention (Source McKinsey)

•  40% of major corporations track the departure of high performers (Source McKinsey)

• Turnover costs 230% of the employees' salary package. So by not retaining 20 employees on $100,000 can cost the business at least $3.5 million dollars.

•  For a company with 1,000 employees, annual staff turnover of 20%, and an average salary of $50,000 p.a represents costs of around $23 million. In this situation, reducing staff turnover by 5% p.a would save the organisation $1.15 million per year

•  76% of organisations provide non-financial rewards for their employees, up from 55% in 2002 (Source: Mercer HR)

•  80% of people are finding it increasingly difficult to get work life balance (Source: Relationships Australia)

•  Less than 30% of companies measure the cost of staff turnover. (Source: Mercer Cullen Egan Dell).

• Too many organisations rely simply on remuneration to keep staff and less than 33% of organizations reported holding managers accountable for retaining staff. (Source: Mercer Cullen Egan Dell)

•  An 86% higher share holder return is generated by companies that spend more than the average on training. (Source: American Society for Training & Development)

•  70% of office workers believe that the most important consideration when choosing a new job is the company's culture. (Source: AHRI)

•  48% of the variance in the share price in the US stock market is based on intangible employee engagement factors such as talent and leadership.

• In Australia 70% of mergers and acquisitions fail to realise their financial targets, and more than 90% of the failures are attributed to the failure to integrate the cultures and get the people side of the equation right.

•  73% of companies researched said they were implementing a self-service intranet portal for the benefit of employees. (Source: AHRI)

•  Australian families now average 1.8 children, compared to 1.48 in Singapore. The Singaporean Government is so concerned about the declining birth rate that it has stated to actively promote work life balance fearing that the continuing trend would create a 25% smaller workforce by the middle of the century.

•  60% of childcare centres in Amsterdam are now owned by companies as they are wanting to attract and retain quality employees.