Employee engagement is facing a significant challenge today. With the rise of phenomena like “quiet quitting,” many organisations are witnessing a decline in productivity and an increase in operational costs. Disengaged employees not only take more sick days but also contribute less creatively, communicate less effectively, and show weak alignment with company goals. According to McKinsey, the cost of disengagement can amount to around 4% of an organisation’s wage bill, an expense just as critical as employee turnover.
So, how can companies turn this trend around?
The answer lies in fostering a social and collaborative workforce. When employees socialise and collaborate, creativity and innovation flourish. Studies reveal that 71% of employees who socialise with their colleagues feel empowered to share their views, compared to just 41% among those who don’t.¹ This safe space for expression leads to better problem-solving, new ideas, and improved products and services – key drivers of staying ahead in today’s competitive market.
Moreover, engagement and collaboration translate directly into productivity. Teams that communicate and share ideas effectively get more done, adapt to challenges quickly, and make better decisions, resulting in higher efficiency and reduced costs. In fact, 74% of employees who socialise say they understand their company’s strategy and goals, while less than half feel this connection when they don’t engage socially.
Why does this matter?
Because a motivated, engaged, and creative workforce drives business success. When employees understand their role in the bigger picture, their sense of purpose increases, leading to even greater productivity. This creates a positive cycle. Better financial performance allows companies to reinvest in their people, boosting morale and job satisfaction even further.
Want to Dive Deeper?
Ready to learn more about how you can harness engagement, creativity, and productivity to transform your workplace? Our full whitepaper provides:
- Detailed analysis of our workplace wellbeing survey findings
- Scientific research backing the importance of social connectivity
- Practical strategies for building workplace community
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¹ Compass Group PLC, The Power of Socialisation, 2024 (all subsequent statistic are from this report unless indicated)
