Roy Gilbert

10 Tips to Address Employee Disengagement Through Conscious Capitalism

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Kent Gregoire is an Entrepreneurs’ Organization (EO) member and founder of Symphony Advantage , a boutique consulting company. As the world’s seventh certified Conscious Capitalism consultant, he helps organizations unleash their entrepreneurial spirit for good. We asked Kent how entrepreneurs can run a successful business while simultaneously elevating humanity. Here’s what he shared:

The pandemic has ushered in a new phenomenon: Successful Millennials are leaving high-paying jobs at an unprecedented rate to follow their passion and start their next venture.

That’s not surprising at a time when burnout and employee disengagement are at an all-time high . Today, 63 percent of American employees are disengaged in their work. And the global pandemic, accompanied by an increase in remote work, is making a bad situation even worse.

Beyond the human aspect of this crisis, employee disengagement has concrete financial consequences on companies and the economy at large. McLean & Company found some very compelling correlations: A disengaged employee costs an organization approximately $3,400 for every $10,000 in annual salary. Also, disengaged employees cost the American economy up to $350 billion per year due to lost productivity.

To address the issue, companies are trying to find innovative ways to boost employee engagement. However, they often go about it the wrong way, focusing on perks without addressing the root of the issue .

That’s where conscious capitalism comes in: Conscious capitalism provides a concrete framework to help people thrive, primarily through purpose and caring culture. Establish Purpose

Employee engagement skyrockets from 23 percent to 73 percent […]