Organizations That Master Employee Experience Crush The Competition
Jacob Morgan
5x Best-Selling Author, Futurist, & Keynote Speaker. Founder of Future Of Work Leaders (Global CHRO Community). Focused on Leadership, The Future of Work, & Employee Experience
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Investing in employee experience is more than a nice thing to do for your workers--it’s a powerful way to grow your company and crush the competition.
I’ve spent years researching employee experience and found that although employee experience is growing, less than 10% of companies do an amazing job with it.?
But those companies that master employee experience see a significant ROI in many areas.
I’ve talked to executives at top companies and heard countless stories of employees being happier and more productive when they have a great experience.?
Organizations that invest in employee experience are up to 40x more likely to be on other best-of lists. These are lists like the best places to work, most innovative companies, best work/life balance, and more.?
Investing in employee experience also leads to higher profit and higher revenue per employee. These companies are, on average, 24% smaller than the competition, meaning they are doing more with less. Employees are supported and engaged in doing great work, eliminating extra costs for companies.
And then there’s the stock price performance. Organizations that create a fantastic employee experience crush the competition across every stock-related metric. They see strong growth and solid performance.
Employee experience isn’t just a nice thing to do. It has a very tangible ROI.
Investing in employee experience benefits every area of the organization and gives you a serious competitive advantage.?
I put together a video which talks about this in more detail. Please check it out below and if you want more content like this?you can subscribe to my Youtube channel.
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IT Project & Program Manager | IT Manager | PMO & Portfolio Manager | Recognized PMI Future50 Leader
2 年Thanks, Jacob Morgan! We also need more active listeners being part of the employee experience!!! ??
Senior Marketing Executive | MBA | Marketing & Communications | Bidding | AI in Marketing | Ex-Toshiba | Engineer
2 年Yeah. Employees who are valued and who feel valued think no less than the share holders of the company. They always give their best. But every organization should adopt this culture. This indirectly contributes to a better society. Thank you Jacob Morgan for providing such important info.
Data Analyst |SQL| Python| Power BI| Excel| Tableau| NoSql| Machine Learning| Business Analyst | Data Science Enthusiast | Researcher | Content Writer | Storyteller
2 年Greetings, I am a student of a Masters in Data Science and would like to learn more about the cryptocurrency market in India and the reason behind its choice or non-choice among investors. Please have the time to fill out the form. Thanks in Advance https://forms.gle/JBG5CYb3b5Jb3UCc8
helping leaders and coaches build better teams, founder & ceo @RallyBright, agency and startup advisor
2 年Jacob Morgan Investing in employee experience may not be the first thing that comes to mind when you think about boosting your company's growth and success, but it is truly one of the most valuable ways to stay ahead of your competition. After all, happy and engaged workers are far more productive and creative than those who feel disengaged or burnt out. And a productive, innovative workforce is exactly what every company needs in order to thrive in today's highly competitive market.
Certified Business and Executive Coach | Business Mentor | Leadership Development
2 年In my coaching practice I help my clients to evaluate their competitiveness in their market. When the exercise turns to focus on competition and customer experience, the most valuable input comes from the employee force and not from top management. A fulfilled and engaged employee is your best source of ideas to stand out and ahead.