Chaotic Global Events Continue To Have An Impact On Worker Morale

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According to a recent survey, employee involvement in organizations throughout the world is not as constant as it appears, owing to major global events that have had a “substantial influence” on workplace morale. According to a new study by Kincentric, a Spencer Stuart firm, while yearly worldwide employee engagement has stayed consistent between 67 and 69 percent, quarterly findings show a significant variation.

Global employee engagement peaked at 73 % in the first quarter of 2020, falling to 62 % in the first quarter of 2022.

According to the report, the outcomes in the first quarter of 2022 “suggest a bumpy year ahead as organizations figure out how to drive and sustain engagement,” and will be influenced by continued Talent Uprising, external circumstances, as well as reactions to events, changes in the market, and the implementation of new people strategies.

According to the survey, reduced employee engagement is accompanied by a decrease in employee willingness to stay, which may continue to make turnover rates an issue for employers.

“In North America, this factor has experienced a substantial reduction since 2019,” the study said of the Stay component of engagement. “Europe has lower Stay scores as well, but this looks to be a persistent battle more than a new one.”

“Historically, employees in Asia and Latin America have demonstrated a somewhat higher willingness to stay, but we are now witnessing swings to lower scores in recent quarters, indicating that staff turnover will continue to be a concern.”