Global Employee engagement Benchmark
Global Employee Engagement Benchmark
Great Place to Work is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees around the world and used those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Their unparalleled benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces in the U.S. and more than 60 countries, including the 100 Best Companies to Work For® and World’s Best list published annually in Fortune. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.
In 2021 Global Employee Engagement Benchmark study reveals the state of workplaces worldwide. Conducted in the summer of 2021, the study surveyed over 14,000 workers across 37 countries to determine the average employee experience around the world.
Employees rated their workplace against 17 statements in Great Place To Work’s Trust Index™ survey. The statements measure factors that contribute to a positive employee experience, such as a sense of purpose, innovation opportunities, psychological safety, perceptions of leaders and fairness.
4 key employee experiences are holding companies back
Why are great workplaces so rare? The study reveals four challenges common to most workplaces today:
1. Equity
More than half of workers feel pay and promotions are handled unfairly.
2. Meaningful connections
A significant portion of workers report a pervasive lack of personal connection and psychological safety:
43% believe their coworkers don’t care for each other
35% say they don’t feel they can be themselves at work
45% say their workplaces are not psychologically and emotionally healthy
3. Purpose
A large percentage of respondents also said their work lacked meaning or failed to make a difference, a clear signal that employees still struggle to experience purpose in their work.
4. Leadership
Finally, nearly half of all employees reported weak or poor relationships with their leaders with roughly half indicating their leaders do not:
Care for them as people
Involve them in decisions
Match their actions to their words
These challenges mean that the average company is missing out on the full potential of their employees.
At average workplaces around the globe, a poor employee experience undermines companies’ ability to take advantage of new market opportunities and outpace their competitors.
(Erb, 2021)
- ITX360 Pvt Ltd
- PHOENIX
ABOUT ORGANIZATION
“Phoenix Lives For You.
Our purpose is to make every moment of your life practical, smart, seamless, and beautiful. We imagine, create, and manufacture products envisioning what can give you the most trust, comfort and support – everything you would look for in a life partner!
Look around, and you’ll see we’re right there with you. We are a part of your life – we design for life.”
Employees - 588
- Lion Brewery (Ceylon) PLC
ABOUT ORGANIZATION
Lion Brewery (Ceylon) PLC is the dominant market leader in the beer and premium imported spirits markets. The Lion range, consisting of Lager, Strong and Stout, act as the brewery's flagship brand alongside the license to brew Carlsberg since 1996. Luxury Brands, is a subsidiary and the sole importer, distributor & marketer of spirits in Sri Lanka with a portfolio of brands consisting of Diageo, Johnnie Walker, and some leading new world wine brands. Pubs N’ Places is another fully owned subsidiary that operates a range of restaurants under the brand names Machang, Chillax and Floor by O!.
Employees - 310
- DHL Global Forwarding Lanka
ABOUT ORGANIZATION
The Freight Forwarding experts since 1815. Our passion is to enable international trade. DHL Global Forwarding is part of Deutsche Post DHL Group.
Employees - 89
- HILTON
ABOUT ORGANIZATION
Employees - 976
Conclusion
There are many great places to work, and the ideal workplace can vary depending on individual preferences and priorities. Some factors that people might consider when looking for a great place to work include:
Company culture: A positive, supportive, and inclusive culture can make a huge difference in job satisfaction.
Compensation and benefits: Fair pay and comprehensive benefits can help employees feel valued and supported.
Opportunities for growth and development: Access to training, mentorship, and career advancement can be important for many people.
Work-life balance: Flexible schedules, remote work options, and generous time off policies can help employees balance their personal and professional lives.
Mission and impact: Working for a company that aligns with your values and makes a positive impact on society can be fulfilling and motivating.
Some companies that are frequently cited as great places to work include Google, Salesforce, Airbnb, and Patagonia, but there are many other companies out there that prioritize their employees' well-being and satisfaction. Ultimately, the best place to work will depend on your individual preferences and priorities.
Very comprehensive and detailed article Ridma , Adding more How to measure employee engagement with surveys. There are essentially 4 ways to establish employee engagement benchmarks with surveys: equity, meaningful connections, purpose, and leadership. Through these pillars, you can get a better pulse of how your organization is operating and detect any areas of improvement. Employee engagement benchmarks are great at giving you context. For example, when you get a poor score on a particular survey question, you can look at a relevant benchmark and see that your score is standard for most companies. The benchmark makes sure you don't panic about the wrong things. Employee benefits benchmarking is an analysis of how your benefits compare to other companies of your size and industry. Some reports even break down by specific geography, job title, and experience. The more granular you can get, the more you can tailor the results to your specific needs.
ReplyDelete-Great Place to Work-Thank you for overseeing a timely topic. very good Special issues such as the global appeal of workplace culture, sense of purpose, opportunities for innovation, security, fairness of leaders and new avenues for a positive employee experience are well handled.
ReplyDeleteAs you discussed the Global Employee Engagement Benchmark, it's a study by Great Place to Work to determine the average employee experience around the world. The study reveals four challenges common to most workplaces: equity, meaningful connections, purpose, and leadership. These challenges mean that the average company misses out on the full potential of its employees. The text also lists some of the companies that are frequently cited as great places to work, including Google, Salesforce, Airbnb, and Patagonia
ReplyDelete