Will Holland is a Principal Software Engineer at ThreeWill, where he champions our core value of “Better Together” with his focus on helping employees thrive by building meaningful connections in the workplace. Outside of work, Will can usually be found at the nearest soccer pitch, enjoying watching his children play or rooting for Atlanta United FC.
In today’s dynamic work environment, the importance of belonging and community within the workplace is often emphasized. In a previous blog post, I discussed how fostering a supportive and inclusive community can transform the workplace. I approached that article from an emotional place, driven by my belief and my passion for the topic. However, I also want to highlight some of the statistics that quantify the impact of belonging and community at work.
The Power of Positive Workplace Relationships
One of the most striking indicators of the importance of workplace relationships is the correlation between having a best friend at work and employee engagement. According to a Gallup study, an employee who says they have a best friend at work is 7 times more likely to be engaged. This statistic emphasizes the importance of fostering strong interpersonal connections among colleagues to boost engagement levels.
Furthermore, engaged employees are shown to be 21% more productive than their disengaged counterparts, according to research published by Harvard Business Review. This productivity boost translates directly to better performance and outcomes for organizations.
In terms of retention, engaged employees are 87% less likely to leave their organization for other employment, as per statistics from Zippia. This highlights how crucial engagement is in reducing turnover and maintaining a stable workforce.
The Impact of Workplace Culture on Job Seekers
The importance of workplace culture is also evident in job seekers’ preferences. A significant 56% of new job seekers consider culture more important than salary and benefits. Additionally, another 24% say it’s at least as important. This data suggests that organizations that prioritize a positive and inclusive workplace culture are more likely to attract top talent.
This statistic was the most unexpected to me. It may also just be the most significant, particularly if you’re struggling to hire fresh talent. As Gen-Z continue (and Gen-Alpha begin) entering the job market, it pays to know what they prioritize. Literally.
The Cost of Disengagement
On the flip side, the consequences of disengagement are staggering. According to a 2024 Gallup survey, 77% of US employees are considered disengaged. This widespread disengagement has severe financial repercussions.
Gallup further reports that between lost productivity and turnover, disengagement cost organizations a total of $1.9 trillion in 2023. This figure illustrates the immense economic burden that disengaged employees place on businesses nationwide.
Here in Georgia, the impact is equally significant. For a 100-person company, this level of disengagement could result in over $1.9 million in lost profitability. This statistic underscores the critical need for organizations to address disengagement proactively to safeguard their financial health.
Conclusion
The statistics clearly demonstrate that the impact of belonging and community at work is not just a feel-good initiative; it’s a strategic imperative. Engaged employees are more productive, less likely to leave, and contribute to a positive workplace culture that attracts top talent. Conversely, disengagement can lead to significant financial losses.
Investing in strategies to enhance employee engagement and build a supportive workplace community is essential for the long-term success and sustainability of any organization. By prioritizing belonging and community, businesses can create a thriving environment where both employees and the organization can prosper.
READY TO CREATE A SENSE OF COMMUNITY IN YOUR ORGANIZATION? CONTACT THREEWILL TODAY!
