
Whether you’re an advocate of full-time in-office work or complete flexibility, we can all agree that decreasing employee engagement is a profit killer. A recent survey by McKinsey reveals the staggering cost of disengagement. A mid-size S&P 500 company risks losing between $228 million and $355 million annually due to low engagement. Over a span of five years, this sums up to a potential loss of $1.1 billion per company.
In recent months, return-to-office mandates have been a key driver of worker disengagement. After trending up from 35% to 36% in 2020, employee engagement in the U.S. dropped to 34% in 2021 and 32% in 2022. Gallup found in its 2022 assessment of employee engagement.