Employee Engagement In The Watch Industry Statistics
In watchmaking, engaged teams thrive through managers, recognition, purpose, growth, and communication.
In the watch industry, engagement is the real timepiece of performance, because when employees are connected, recognized, coached, and fairly led, organizations can cut turnover by 59%, boost profitability by 21%, and improve business unit results driven by manager influence, recognition, and clear communication.
Executive Summary
Key Takeaways
- 01
71% of employees in the U.S. say they would work harder if their company took steps to engage them
- 02
Organizations with highly engaged workforces experience 59% less turnover than organizations with low engagement
- 03
Companies with strong recognition programs have 31% lower voluntary turnover
- 04
Organizations in the top quartile for employee engagement have 21% greater profitability than those in the bottom quartile
- 05
Employee engagement accounts for 10% of the variance in business unit performance
- 06
Highly engaged teams are 21% more profitable
- 07
70% of variance in engagement scores is attributable to the manager
- 08
Managers account for at least 70% of employee engagement outcomes
- 09
Employees with strong manager relationships are 2x more likely to be engaged
- 10
Only 21% of employees strongly agree their workplace has a strong culture
- 11
Employees who feel connected to their company are 3.9 times more likely to be engaged
- 12
55% of employees say they have more motivation when they feel appreciated at work
- 13
33% of employees said they want training opportunities to improve engagement
- 14
94% of employees would stay longer at a company that invests in their career
- 15
Employees who receive training are 37% more likely to feel engaged
Section 01
Culture, Inclusion, and Recognition
Only 21% of employees strongly agree their workplace has a strong culture [1]
Employees who feel connected to their company are 3.9 times more likely to be engaged [2]
55% of employees say they have more motivation when they feel appreciated at work [3]
81% of employees report that they want recognition for good work [4]
In a meta-analysis, recognition improved performance with an effect size of 0.33 [5]
Employees who believe their opinions are taken seriously are 4.6x more likely to be engaged [6]
76% of employees say they would work more if their workplace recognized their efforts [7]
50% of employees want recognition more than money [8]
30% of employees are motivated by fairness and transparency (Edelman Trust) [9]
73% of employees say they are more productive when information flows openly [10]
48% of employees say they do not feel respected at work [11]
61% of employees say they would recommend their company if they felt their leaders communicated well [12]
84% of employees say they are more engaged when leaders communicate a clear vision [13]
79% of employees say recognition increases their engagement [14]
81% of employees say recognition helps them stay motivated [3]
30% of employees strongly agree their organization does a good job communicating company news [15]
47% of employees say internal communications are not effective (survey) [16]
73% of employees point to communication as important for engagement (survey) [17]
68% of employees say they feel more engaged when their organization communicates goals clearly [18]
72% of employees say they want to understand how their work connects to company goals [19]
46% of employees say they don’t feel heard [20]
57% of employees say psychological safety improves engagement (survey) [21]
Teams with high psychological safety are 3.5x more likely to be high-performing (Google study) [22]
32% of employees say they experience microaggressions at work (survey) [23]
67% of employees say diversity improves employee engagement (survey) [24]
73% of employees are more likely to engage when they see role models and fairness in leadership (survey) [25]
41% of employees say they are not comfortable speaking up with concerns [26]
14% of employees say they are highly satisfied with recognition programs (survey) [27]
67% of employees say they work for organizations with weak employer branding (survey) [28]
34% of employees say employer brand affects whether they apply for a job (survey) [29]
46% of employees say they are disengaged due to poor communication of priorities [30]
24% of employees say they are not recognized enough for good work (survey) [31]
26% of employees say their company does not provide timely recognition (survey) [32]
62% of employees say being listened to increases engagement [33]
Section 02
Employee Engagement and Business Performance
Organizations in the top quartile for employee engagement have 21% greater profitability than those in the bottom quartile [34]
Employee engagement accounts for 10% of the variance in business unit performance [35]
Highly engaged teams are 21% more profitable [36]
Disengaged employees cost the U.S. $450-$550 billion annually [1]
Disengaged employees cost employers $1,967 per employee per year [37]
87% of employees are unlikely to stay with an employer where the culture doesn’t fit them [28]
85% of workers say benefits are important to engagement (National Survey) [38]
62% of employees say they value flexible work options [39]
70% of employees want flexible work [40]
Companies that use flexible work practices see higher engagement (survey) [41]
61% of employees say remote/hybrid work improves work-life balance and engagement [42]
20% of employees say they are not satisfied with their work-life balance [43]
33% of employees would consider leaving their jobs for better work-life balance [44]
39% of employees say benefits are essential to engagement (LinkedIn) [45]
74% of employees expect companies to act on engagement feedback [46]
50% of employees say engagement surveys do not lead to action [47]
62% of employees say they are engaged when feedback is frequent (survey) [33]
58% of employees would be more engaged if they saw progress on goals [48]
76% of HR leaders say improving employee engagement is a top priority [49]
55% of executives say employee engagement has worsened (survey) [50]
28% of organizations say employee engagement surveys are not effective (survey) [51]
70% of employees say they would recommend their company if they felt engaged (survey) [6]
Section 03
Growth, Learning, and Career
33% of employees said they want training opportunities to improve engagement [52]
94% of employees would stay longer at a company that invests in their career [53]
Employees who receive training are 37% more likely to feel engaged [54]
87% of employees say that learning opportunities motivate them [55]
76% of employees say they are more likely to stay with their employer if it invests in their career development [56]
4 in 10 employees report not having access to the training they need [57]
58% of employees say career advancement is a key factor in engagement [58]
62% of employees say they are more engaged when they have opportunities to grow [59]
Employees who are empowered are 2.3 times more likely to be engaged [60]
33% of employees say they are disengaged due to lack of growth opportunities [61]
45% of employees say learning and development is a major driver of engagement (survey) [58]
60% of employees say they would stay longer if offered training (survey) [62]
38% of employees say they want mentorship programs to improve engagement [63]
53% of employees say they’re more engaged when they have clear growth paths (survey) [64]
47% of employees say they are not satisfied with career development [65]
86% of employees believe development opportunities are important (survey) [66]
76% of employees say learning contributes to their job satisfaction [67]
Section 04
Manager and Leadership Drivers
70% of variance in engagement scores is attributable to the manager [36]
Managers account for at least 70% of employee engagement outcomes [68]
Employees with strong manager relationships are 2x more likely to be engaged [69]
When employees have a best friend at work, engagement is higher (Gallup) [70]
Employees who do not receive feedback are more likely to be disengaged (Gallup) [71]
69% of employees say they would work harder if their manager praised them [72]
58% of employees have left a job because of poor leadership (Gallup/SHRM cited) [73]
40% of employees will leave within a year if they don’t get meaningful feedback [74]
41% of employees say their workplace does not allow them enough independence [75]
82% of employees say they want more autonomy [76]
Autonomy is significantly associated with engagement in workplace studies (meta-analytic correlation r≈0.27) [77]
84% of managers say they believe they have a positive impact on engagement (Meta-analysis summary) [78]
40% of employees want more frequent check-ins (Manager feedback cadence survey) [79]
1 in 2 employees do not think they receive useful performance feedback [80]
69% of employees say they would work harder if they were recognized (Deloitte) [81]
59% of employees want their manager to better communicate priorities [82]
48% of employees say their manager doesn't provide enough support [83]
45% of employees say they are not aligned on goals [84]
23% of employees say they are not involved in decisions that affect their work [85]
67% of employees say leadership sets the tone for engagement [86]
41% of employees say they would like more involvement in decision-making [87]
59% of employees say they are more engaged when there is a feedback system (survey) [88]
80% of employees say coaching improves performance (survey) [89]
44% of employees say coaching is lacking from their manager (survey) [90]
57% of employees say they would be more engaged if managers held regular one-on-ones (survey) [91]
31% of employees say their manager’s support is poor (survey) [92]
52% of employees say they would like more recognition from their direct manager (survey) [93]
75% of employees say they want managers to be more transparent (survey) [94]
Section 05
Workforce Engagement Outcomes
71% of employees in the U.S. say they would work harder if their company took steps to engage them [36]
Organizations with highly engaged workforces experience 59% less turnover than organizations with low engagement [36]
Companies with strong recognition programs have 31% lower voluntary turnover [95]
57% of employees say they feel worn out by work [2]
Burnout is a major driver of engagement issues, with 23% of workers saying they experience burnout often or always [96]
61% of employees report feeling disconnected from their workplace [97]
The U.S. had 62% of employees not engaged in their jobs (2017 Gallup) [98]
2 in 3 employees are not engaged (Gallup global) [2]
18% of employees worldwide are engaged [2]
15% of employees are actively disengaged [2]
72% of employees say they are more likely to stay when they are recognized for their work [99]
45% of employees say they don’t have what they need to do their job effectively [100]
57% of employees feel that their work is meaningful [2]
People who believe their work has a purpose are 2.6x more likely to be engaged [101]
45% of employees say they lack a sense of purpose at work [102]
54% of employees say they can make a difference at work [103]
27% of workers believe they are overworked (Gallup Workplace) [96]
55% of employees say workload affects their engagement (workplace survey) [104]
66% of employees say their company is not doing enough to keep them engaged [105]
52% of employees expect their employer to take action on employee well-being [106]
63% of employees say mental health support would make them more likely to stay [107]
73% of employees said that if their employer offered mental health benefits they’d be more likely to work for it [108]
52% of employees feel that their organization does not provide the resources they need to succeed [92]
49% of employees say they lack clarity on job expectations [109]
60% of employees say they have the necessary tools and technology to do their jobs well [110]
34% of employees say their company’s HR processes are not easy to use (employee experience) [111]
56% of employees say they would leave if HR didn’t respond quickly (survey) [112]
62% of employees say they would leave if they perceived unfair treatment [113]
72% of employees say they would stay longer if they felt valued (survey) [114]
65% of employees report feeling valued when there is effective recognition [115]
58% of employees say they feel more engaged when their work is aligned with purpose (survey) [116]
38% of employees say they feel stressed at work due to unclear expectations (survey) [117]
References
Footnotes
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