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It’s not enough to recruit great people to your company. You need to retain them.
Positive company culture and employee engagement contribute to unwanted attrition. In a recent study by Gallup, low-engaged teams had turnover rates of 18% to 43% higher than high-engaged teams. An engaged workforce also contributes to other business outcomes like higher profitability, productivity, and even customer loyalty.
Despite the high impact of employee engagement, Forrester Research predicted that employee engagement and culture energy will continue to decline in 2024. In 2023, engagement dropped to just 34% and culture energy hit 55%