Effective collaboration isn’t just good for productivity; staff morale, financial performance and company culture can all be improved by boosting collaboration in the workplace.
Research by Villanova University School of Business suggests that “disengaged employees are one of the top reasons why businesses fail, why office culture becomes toxic, and why companies lose their competitive edge”. They also found that each disengaged employee costs companies upwards of $2,000 per employee per year, and that this issue is pervasive across industries and sectors. 30% of organisations believe that poor communication creates employee retention issues. Gallup estimates that disengaged employees cost the USA $450-550 billion every year in lost productivity.
With statistics like these, improving collaboration in order to boost employee engagement seems like a no-brainer. Our infographic reveals some other numbers your business can’t afford to ignore.
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Content Marketing Specialist
Gianna is a copywriter with degrees in English and Marketing. She is passionate about the ever-evolving world of technology, and uses her skills to research the latest industry trends and insights.