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๐Š๐ž๐ฒ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐†๐š๐ฅ๐ฅ๐ฎ๐ฉ’๐ฌ 2024 ๐’๐ญ๐š๐ญ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐–๐จ๐ซ๐ค๐ฉ๐ฅ๐š๐œ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: ๐–๐ก๐š๐ญ ๐„๐ฏ๐ž๐ซ๐ฒ ๐‹๐ž๐š๐๐ž๐ซ ๐๐ž๐ž๐๐ฌ ๐ญ๐จ ๐Š๐ง๐จ๐ฐ

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The latest Gallup report is out, and itโ€™s packed with crucial insights that every leader should understand. Here are the key takeaways:

โžข ๐„๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ž๐ž ๐„๐ง๐ ๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ฌ ๐’๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ: High-engagement business units significantly outperform their low-engagement counterparts. According to Gallup’s 2024 meta-analysis, these teams see:
17% higher productivity
23% higher profitability
68% higher employee wellbeingโ€‹โ€‹.

โžข ๐“๐ก๐ž ๐‘๐จ๐ฅ๐ž ๐จ๐Ÿ ๐Œ๐š๐ง๐š๐ ๐ž๐ซ๐ฌ: Effective management is central to engagement and wellbeing. Managers who provide meaningful feedback, set clear goals, and build positive relationships create more engaged and productive teams. Organizations that prioritize manager development see better results across the boardโ€‹โ€‹.

โžข ๐Œ๐ž๐ง๐ญ๐š๐ฅ ๐‡๐ž๐š๐ฅ๐ญ๐ก ๐š๐ง๐ ๐’๐ญ๐ซ๐ž๐ฌ๐ฌ: The report highlights a troubling rise in workplace stress. A staggering 41% of employees report experiencing a lot of stress, particularly those with poor management practices. Stress not only affects individual wellbeing but also organizational performance. Addressing this through better management practices is crucialโ€‹โ€‹.

โžข ๐–๐ž๐ฅ๐ฅ๐›๐ž๐ข๐ง๐  ๐จ๐Ÿ ๐˜๐จ๐ฎ๐ง๐ ๐ž๐ซ ๐„๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ž๐ž๐ฌ: Wellbeing among younger employees dropped in 2023, emphasizing the need for tailored support and engagement strategies. Younger workers are particularly vulnerable to mental health challenges, which can impact their performance and retentionโ€‹โ€‹.

โžข ๐‹๐จ๐ง๐ž๐ฅ๐ข๐ง๐ž๐ฌ๐ฌ ๐ข๐ง ๐‘๐ž๐ฆ๐จ๐ญ๐ž ๐–๐จ๐ซ๐ค:Twenty percent of employees experience daily loneliness, with fully remote workers being the most affected. This highlights the importance of fostering connection and community, even in remote settingsโ€‹โ€‹.

๐–๐ก๐š๐ญ ๐“๐ก๐ข๐ฌ ๐Œ๐ž๐š๐ง๐ฌ ๐Ÿ๐จ๐ซ ๐‹๐ž๐š๐๐ž๐ซ๐ฌ:

– ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ ๐ข๐ง ๐Œ๐š๐ง๐š๐ ๐ž๐ซ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ: Hiring and training managers who can effectively engage their teams is a critical strategy for improving organizational outcomes.

– ๐๐ซ๐ข๐จ๐ซ๐ข๐ญ๐ข๐ณ๐ž ๐Œ๐ž๐ง๐ญ๐š๐ฅ ๐‡๐ž๐š๐ฅ๐ญ๐ก: Implement organization-level changes that address the root causes of workplace stress.

– ๐’๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐˜๐จ๐ฎ๐ง๐ ๐ž๐ซ ๐–๐จ๐ซ๐ค๐ž๐ซ๐ฌ: Develop specific strategies to support the mental health and engagement of younger employees.

– ๐…๐จ๐ฌ๐ญ๐ž๐ซ ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‘๐ž๐ฆ๐จ๐ญ๐ž ๐–๐จ๐ซ๐ค: Create opportunities for remote workers to connect and build relationships, mitigating feelings of loneliness.

The data is clear: engaged employees drive better outcomes. Itโ€™s time to prioritize engagement, support mental health, and adapt to the changing needs of the workforce. Letโ€™s create workplaces where everyone can thrive.

To your success,

Isabel

 

Isabel is an experienced Peak Performance Strategist with over 25 years of international work experience holding senior positions within the hospitality industry in countries around the world, as well as Executive and Leadership coaching, mentoring and training. She specializes in high performance strategy, leadership development and building organizational culture to help leaders and their teams learn, grow and succeed. Isabel is passionate about helping empower business leaders with the mindset, skills and strategies that they need to get ahead.

More available on www.isabelvalle.com

Global Coach Coaching for Leadership, for Growth, for Success

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