Posted by: rayseghers | July 28, 2010

5. Did you see…

the recently published study — Financial Sector Sees Massive Drop in Employee Engagement — from Modern Survey?

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Minneapolis, MN, July 20, 2010 – Over the past twelve months, employee engagement has dropped significantly across the U.S. workforce. In March 2010, Modern Survey released the results of a comprehensive study depicting a precipitous decline in the degree to which U.S. workers are psychologically invested in their work. Now, nearly six months later, a new study focused specifically on the financial services industry shows the same trend of declining engagement, only magnified to a startling degree.

While employee engagement had trended upward in the U.S. financial services sector from 2008 to 2009, over the past year, the industry has experienced a tremendous decline. Most alarmingly, the number of disengaged employees has skyrocketed from 11% of the population in 2009 to 29% in 2010, a statistically significant increase of eighteen percentage points.

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While this is not surprising, it is nonetheless very scary.  Organizations in all sectors must examine their people strategy to ensure that they are doing everything they can to create a workplace environment that builds engagement and encourages an ethic of teamwork and service to others.

Well, you know my bias as an employee survey consultant…

http://www.segherssurveyconsulting.com

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