- 93% of higher performers measure employee engagement, compared with 79% of lower performers. In this economy in particular, engaging the workforce is of paramount importance.
- 93% of higher performers utilize employee engagement surveys, compared with 78% of lower performers.
- 90% of high performers report the use of satisfaction surveys for such measures, compared with 68% of lower performers.
The study - commissioned internally by i4cp - also found several other significant traits for high-performing organizations. For example:
- 71% of higher performers measure compliance or completion of diversity plans (52% in lower-performing companies)
- 61% of higher performers, compared with 39% of lower performers, consider employee referral rates.
- 78% of lower-performing organizations measure total labor cost to cost revenue percentage, compared with 55% of high-performing organizations.
BOTTOMLINE: "The contrast is striking - it most likely reflects the attitude that low-performing organizations see their employees a mere expense and not a source of competitive advantage."