Quantum Workplace, a leading provider of comprehensive employee engagement and performance software, announced the release of a pulse survey report, A Winning Approach to Employee Success, produced by Harvard Business Review (HBR) Analytic Services, an independent commercial research unit within the Harvard Business Review Group and sponsored by Quantum Workplace.
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New Harvard Business Review Analytic Services Report Sponsored by Quantum Workplace Reveals Executives See Value of Employee Engagement, but Lack Strategic Commitment and Integrated Systems
A key finding among the 984 business executives responding to a recent survey by Harvard Business Review Analytic Services survey was the significantly high levels of confidence leaders expressed in the business value of employee engagement, however, their commitment to the strategy was lacking. 81% of business executives strongly agree that highly engaged employees perform better and are more productive than employees with average or low engagement. However, only 37% strongly agree that employee engagement is a significant area of focus for their organization today.
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Instead, a recent focus on performance management has surfaced at the expense of employee engagement. Nearly two-thirds (63%) of respondents say that their organizations have revamped their approach to performance management within the past two years; of those, 24% have done so as recently as the past six months, and 22% have done so in the past year. While these updates to performance management were necessary, many companies sacrificed focus on employee engagement to do so.
The study goes on to suggest that to realize true business value, engagement and performance must not be approached separately, but be linked in a meaningful way. Channeled engagement improves performance while better performance enhances engagement. In the report’s introduction, Quantum Workplace Co-founder and Chief Executive Officer Greg Harris discusses the importance of this integrated talent strategy.
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