Well-Being Focused Companies Get Superior Results
At Fortune's 100 Best Workplaces 2023:
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Revenue per employee increased a sky-high 7% year-over-year.
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60% of employees reported a high level of workplace psychological health.
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Employees' willingness to go above and beyond was nearly 70% higher compared to a typical US workplace.
Engagement is a Competitive Edge
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Companies with the highest rates of employee engagement are 21% more profitable than their peers.
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Employees at these companies are 87% more likely to stay with their employers.
No Well-Being, No Retention
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4x as many people quit over well-being and culture concerns rather than compensation.
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People who typically feel tense or stressed during their workday are 3x as likely to leave their company within the next year (71% vs. 20%).
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Employees with higher well-being are 18% more likely to stay with their current employers for 3+ years.
Disengagement is Expensive
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Disengaged employees had 37% higher absenteeism, 49% more accidents, and 60% more errors.
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Organizations with low employee engagement scores experienced 18% lower productivity, 16% lower profitability, 37% lower job growth, and 65% lower share price over time.
The Burnout Cycle is Too Costly
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Voluntary turnover due to burnout accounts for 15-20% of total payroll cost.
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This turnover further worsens the burnout cycle for existing employees, leading to even more turnover.