𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐆𝐚𝐥𝐥𝐮𝐩’𝐬 2024 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐖𝐨𝐫𝐤𝐩𝐥𝐚𝐜𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: 𝐖𝐡𝐚𝐭 𝐄𝐯𝐞𝐫𝐲 𝐋𝐞𝐚𝐝𝐞𝐫 𝐍𝐞𝐞𝐝𝐬 𝐭𝐨 𝐊𝐧𝐨𝐰

 

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

➢ 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐄𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐃𝐫𝐢𝐯𝐞𝐬 𝐒𝐮𝐜𝐜𝐞𝐬𝐬: 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 wellbeing​​.

➢ 𝐓𝐡𝐞 𝐑𝐨𝐥𝐞 𝐨𝐟 𝐌𝐚𝐧𝐚𝐠𝐞𝐫𝐬: 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 board​​.

➢ 𝐌𝐞𝐧𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐚𝐧𝐝 𝐒𝐭𝐫𝐞𝐬𝐬: 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 crucial​​.

➢ 𝐖𝐞𝐥𝐥𝐛𝐞𝐢𝐧𝐠 𝐨𝐟 𝐘𝐨𝐮𝐧𝐠𝐞𝐫 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬: 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 retention​​.

➢ 𝐋𝐨𝐧𝐞𝐥𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐑𝐞𝐦𝐨𝐭𝐞 𝐖𝐨𝐫𝐤: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 settings​​.

𝐖𝐡𝐚𝐭 𝐓𝐡𝐢𝐬 𝐌𝐞𝐚𝐧𝐬 𝐟𝐨𝐫 𝐋𝐞𝐚𝐝𝐞𝐫𝐬:

– 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: Hiring and training managers who can effectively engage their teams is a critical strategy for improving organizational outcomes.

– 𝐏𝐫𝐢𝐨𝐫𝐢𝐭𝐢𝐳𝐞 𝐌𝐞𝐧𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡: Implement organization-level changes that address the root causes of workplace stress.

– 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐘𝐨𝐮𝐧𝐠𝐞𝐫 𝐖𝐨𝐫𝐤𝐞𝐫𝐬: Develop specific strategies to support the mental health and engagement of younger employees.

– 𝐅𝐨𝐬𝐭𝐞𝐫 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐨𝐧 𝐢𝐧 𝐑𝐞𝐦𝐨𝐭𝐞 𝐖𝐨𝐫𝐤: Create opportunities for remote workers to connect and build relationships, mitigating feelings of loneliness.

The data is clear: engaged employees drive better outcomes. It’s time to prioritize engagement, support mental health, and adapt to the changing needs of the workforce. Let’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