June 06, 2016
Where Does Your Country Rank?
Keeping employees engaged and positioned to succeed is a demanding task in itself. But in today’s world it’s even more difficult, as leaders are challenged to engage and motivate their people while responding to disruptive shifts in the workplace. The business environment is evolving, with technology changing the way we collaborate and interact. The workforce is changing as well, with employees becoming increasingly diverse, mobile and remote—all taking place amid rapid globalization.
Business success continues to depend on an engaged workforce, with our research showing that firms that engage and enable their employees achieve up to 4.5 times more revenue growth than companies that don’t. As organizations become increasingly global, however, they need to rethink engagement approaches.
Specifically, rapid growth in emerging markets and economic power shifting toward the East means that multinational organizations have to consider the diverse needs of their global workforces—and accommodate those needs in more personalized ways. One-size-fits-all approaches will not work. Instead, local leaders will need to be empowered to develop engagement strategies that support employees in their teams based on their unique values, needs and expectations.
Failure isn’t an option. The labor market has gone global, leading to a new competitive landscape for talent acquisition and retention. Likewise, the ability to collaborate effectively across borders is increasingly key. To respond effectively, organizations will be challenged to establish the cultures, processes and systems that promote meaningful collaboration and motivate and inspire performance in new ways.
Korn Ferry Hay Group’s Employee Effectiveness normative data are based on the perspectives of 6.4 million employees in 390 organizations worldwide, in a wide variety of industries. Our insights help leaders understand what engages people and inspires their best performance.
Our data show that engagement scores in the Americas are high and improving, with employees reporting an increased willingness to stay with their organizations for five years or more. Engagement is also on the rise in the Middle East and Africa, due in part to employees who are willing to deliver more for their organizations. After several years of improvement, we see engagement scores in Europe stagnating. And, in Asia Pacific, there is a high level of variation across regions and cultures.
Understanding how engagement differs around the world is essential for leaders who want to inspire their employees to be at their best—and interpret engagement levels in the right context.