Study: How Employee Disengagement is Costing Enterprises Billions

Prysm, creator of cloud-based visual workplaces, revealed new data from a recent Forrester Consulting study that is highlighted in a new Prysm-authored white paper that exposes why employee disengagement has grown to pandemic proportions, costing companies billions in lack of productivity and employee turnover. Data from Forrester cited in the paper shows:

• Seventy-one percent of information workers said they would be somewhat or much more likely to remain at their company if investments were made in a modern, digital collaboration solution.
• Eighty-three percent of information workers said they can be productive with the right collaboration tools regardless of location.
• Over three-quarters of IT and facilities respondents and over half of information workers reported [that a modern, digital workspace] could help their organizations make strides in product development, grow revenue, and speed time-to-market.

The Prysm paper further notes that PwC has reported that employees who are committed to their organizations put in 57 percent more effort on the job and are 87 percent less likely to resign than their disengaged coworkers.

“What happens when your employees live in 2016 but their workplace is stuck in 1999? Nothing good,” says Paige O’Neill, chief marketing officer at Prysm. “Without modern, engaging collaborative technologies, businesses are dangerously under-armed in the fight for top-notch employees. The only way to stop this cycle of employee dissatisfaction is to utilize high-quality collaboration tools that allow employees to feel engaged in their day-to-day work, making them more productive and satisfied at work, benefiting both employees and employers.”

Prysm also put together a slideshow breaking down some of the most important statistics that came out of the finding. You can check that out below. If you’d like to take a look at the full report you can download Prysm’s whitepaper, “Employee Disengagement Is a Disease: How Organizations Can Cure Today’s Workplace Pandemic,” at Prysm’s Website.

 

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