“The only COMPETITIVE ADVANTAGE
we have is the CULTURE
and values of the company.”
– Howard Schultz, CEO of Starbucks
Below are a collection of statistics on recognition, collaboration, and trust that demonstrate how “soft” skills have a HUGE effect on your bottom line.
If you are seeking to improve productivity in your organization, the research-based numbers below are a valuable reminder that the success of your STRATEGY is always going to be determined by the quality of your internal team CULTURE.
TEAM CULTURE STATISTICS:
75 percent of survey participants said that the most stressful aspect of their job was their immediate boss
15% of job seekers declined a job due to the company’s culture.
Motivated workers outperform those with low engagement by 202%.
Managers are responsible for 70% of deviations in team engagement.
Millennials prioritize ‘people and culture fit’ above everything else.
Companies that build a positive culture could see a 400% growth in revenue.
Happiness raises business productivity by 31%.
69% of Millennials are concerned their workplace does not develop leadership skills
Highly engaged business units see a 41 percent reduction in absenteeism and achieve 59% less employee turnover.
“The ENVIRONMENT that a TEAM operates within is
key to its success and cannot be ignored.”
– DELOITTE INSIGHTS
TEAM COMMUNICATION STATISTICS:
Only 5.9% of organizations communicate their goals on a daily basis.
97% of workers and employers believe that the lack of team alignment influences the success of a task or project.
Overn 50% felt lonely from communicating primarily via computer.
Effective communication generates 4.5 times higher talent retention.
– Bit, 2021
80% of employees feel stressed due to ineffective communication.
50% of positive changes in communication patterns in the workplace can be credited to social interaction outside the workplace
Connected teams demonstrate a 21% increase in profitability.
RECOGNITION STATISTICS:
79 percent of people who quit their jobs cite ‘lack of appreciation’ as their reason for leaving.
Recognizing quality work and achievements increases profits by 29%.
Only a third of US workers receive weekly recognition for their work.
Employee happiness can increase productivity by 20%.
63% of employees feel like they don’t get enough praise.
More than 40% of employees feel that they would give more energy at work if they were recognized more.
Peer recognition has 35% more positive impact than manager-only.
52% of employees feel rewards aren’t aligned to organizational goals.
“Team Building Is The Most Important
Investment You’ll Make”
– Forbes Magazine
COLLABORATION STATISTICS:
Teams with connected employees see productivity increase 20-25%.
97% of workers believe that communication impacts tasks every day.
Miscommunication costs 100+ employee companies $420,000 per year.
86% of employees and executives cite lack of collaboration or ineffective communication for workplace failures.
Employees who acted collaboratively stuck at their tasks 64% longer
– Forbes, 2018
Workplace collaboration can increase successful innovation by 15%.
Collaboration increases individual loyalty to an organization by 33%.
39% of surveyed employees believe that people in their own organization don’t collaborate enough
TEAM TRUST STATISTICS:
Employees at companies with high-trust report:
…74% less stress and 13% fewer sick days
…106% more energy and 50% higher productivity
…76% more engagement and 40% less burnout
85% of people believe trust is important to have a high-performing team.
45% percent of people said lack of trust in leadership was the biggest issue impacting their work performance.
2/3 of Americans want to be trained in people skills over technical skills.
A highly engaged workforce has 21% higher profitability.
WORKPLACE CHANGE STATISTICS:
The brutal fact is that about 70% of all change initiatives fail.
– Harvard Business Review, 2020
Nearly 75% expect to increase the types of major change initiatives they will undertake in the next three years
46 percent of CIOs report that culture change is their biggest barrier to success.
31% of CEOs are fired for not managing organizational change well enough.
69% of the most effective change programs offered training before and after go-live
READY TO IMPROVE YOUR TEAM CULTURE?
CONTACT SEAN ABOUT AN EVENT FOR YOUR PEOPLE!
