INTHEBLACK December 2023/January 2024 Special Edition - Flipbook - Page 7
THE COST OF LOW
WORKPLACE ENGAGEMENT
23%
The global jobs
predicted to
change in the
next five years
due to industry
transformation
through influences
such as artificial
intelligence
and other text,
image and
voice processing
technologies.
Employee engagement is vital to business prosperity, with data
from Gallup showing that low engagement costs the global
economy an estimated A$14 trillion and accounts for 9 per cent
of global GDP.
The good news from Gallup’s latest State of the Global
Workplace report is that global employee engagement levels
are at their highest since its measurement began in 2009.
Much of this gain is due to a 7 per cent rebound in
engagement in South Asia, which now leads the world in
employee engagement at 33 per cent.
The bad news is that, “quiet quitting”, or lack of
engagement, and “loud quitting”, which refers to active
disengagement, pose a challenge for employers. In fact,
the majority of the world’s employees are quiet quitting –
putting in the minimum effort required and psychologically
disconnected from their employer.
77% of global employees are
not engaged and not thriving
at work
59% of global employees are
“quiet” quitting
18% of global employees are
“loud” quitting
Source: World Economic Forum’s
The Future of Jobs Report 2023
Read the report
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