The Hidden Costs of Not Caring About Our People
The more people I talk to in industry, the more I see a divide. I see a divide between companies who treat their employees like robots and companies who treat their employees with the love & connection that they deserve. We’ve all experienced disengagement, frustration and apathy throughout our careers and it costs us our happiness. It costs us our mental health.
It also costs our companies. It costs them big dollars.
Gallup estimates that actively disengaged employees cost the U.S. $450 billion to $550 billion in lost productivity per year. They further compare bottom quartile with top quartile companies (in terms of engagement) and provide the following statistics:
- 21% Higher Profitability
- 40% Fewer Defects
- 70% Fewer Employee Safety Incidents
- 41% Less Absenteeism
As leaders, we can’t continue on this trend of arms-length, antiquated management. We can’t continue using the carrot and the stick to motivate our people. We can’t continue to operate under fear. It’s unsustainable. It’s costing our business but more importantly, it’s costing us our happiness.
It’s costing us our lives.
Are you going to join me on my mission to bring Sustainable Growth Leadership to our industry? Hit reply and let me know. I’m challenging you to step up.