Why "Hungry" Employees
Boost Productivity For The Company


Less than 33% of all employees are actively engaged at work. In other words, about 66% of employees are disengaged in their work and are less productive as a result.

What’s the cost of having disengaged employees in your company?

At least $2,246 per disengaged employee every year.

On the other hand, engaged employees generate at least 25% higher profits and operate at 40% more productivity.

So, how do you get your employees engaged in your company?

This is done by creating a working environment in which the workforce is not satisfied with their current performance and is driven to do even better.

Simply put, making them continuously “hungry” for success.

The creation of such an environment can be formed by implementing a few tips below: boost productivity with donald wong

1.) Specific definitions of success and failure – High performance cannot be achieved if everyone is unsure of what to go for and what to avoid. Be specific. For example, a failure can be defined as year-end profits being below $100,000 and a success would be defined as above $100,000. Avoiding failure is a powerful emotional motivator and can incite your employees to be very active in work.

2.) Emotional discomfort for low performers – Any low performer must be put in a state of emotional discomfort in order to signal the need for improvement. They have to know that they are not doing as well as they could and need to improve their performance. If they have what it takes, then they will improve. If they remain as low performers, then they should be dismissed in order to make room for the employees that are “hungry” to prove themselves.

3.) Tightening the range – People generally compare themselves with their peers. For example, if person A’s performance places one in the middle of a seven-person team, then person A is not at risk of getting fired and may feel content. But after the company fires the three lowest-performers, then person A suddenly ranks in the bottom. This makes person A feel the immediate pressure to improve in order to avoid being the worst performer. We are tightening the range. Collect high performers, and then tighten the range again by dismissing the poorer performers. Repeating this process will result on building a team full of driven workers who know they must strive hard since their peers will be equally talented to them.

Taking any of these steps can create a highly productive working environment full of engaged employees that increase profits and boost productivity in your company.

Boosting employees’ productivity is important to your business growth. Boosting your own productivity is also important to your business growth. We’ve developed a FREE 2 minute quiz that pinpoints exactly what you need to work on in YOUR life to be your most productive. Click here, and within minutes you'll know more about what's been holding you back (and how to quickly fix it) than you would after reading the top productivity books on the market today...


donald wong productivity quiz

References:
“ Studies show that engaged employees generate an average of between a quarter to a third more profits for their companies.” [quarter to a third = 25% to 33% more profits]
“According to one eye-opening study, fewer than a third [33%] of all employees can be classified as actively engaged at work. Put another way, some industry statistics show that 66% of employees are disengaged and 60% are actively looking for work.”
Forbes. “How to Get Your Employees to Stop Job Hunting”
http://www.forbes.com/sites/causeintegration/2012/07/10/how-to-get-your-employees-to-stop-job-hunting/

“ a recent Towers Watson survey indicated that nearly two–thirds of U.S. employees are not fully engaged in their work and are less productive as a result.”
Forbes. “(Almost) Everything We Think About Employee Engagement is Wrong”
http://www.forbes.com/sites/dovseidman/2012/09/20/everything-we-think-about-employee-engagement-is-wrong/

Calculating the Cost of Actively Disengaged Employees
Gallup developed its $292 billion estimate of the annual cost of actively disengaged employees through a three-step process. First, it applied its proprietary formula to the Q12 survey results to calculate the number of actively disengaged employees in America. Next, widely used published statistical guides (standard utility analysis methods) were applied to the $30,000 per year U.S. average salary. This yielded $2,246, which, multiplied by 130 million U.S. workers who are 18 years old or older, produced the $292 billion estimate. Gallup Business Journal. Gallup Study Indicates Actively Disengaged Workers Cost U.S. Hundreds of Billions Each Year
http://businessjournal.gallup.com/content/466/gallup-study-indicates-actively-disengaged-workers-cost-us-hundreds.aspx

“The offices with “engaged” employees were as much as 43 percent more productive.” (Pg 3)
Hay Group Consulting. Engage Employees and Boost Performance.
http://www.haygroup.com/downloads/us/engaged_performance_120401.pdf

Specific definitions of success and failure (section)
Emotional discomfort for low performers (section)
Tightening the range (section)
Forbes. Why You Need Dissatisfied Employees

http://www.forbes.com/sites/robertsher/2012/08/03/why-you-need-dissatisfied-employees/