You are right. These sectors have higher impacts on profitability by increasing employee engagement. Computer Software, Internet, Information Technology and Services, Marketing and Advertising,
Health, Wellness and Fitness
According to Gallup, highly experienced teams can experience a 20% lift in productivity.
If an employee’s output is X, you can take this to (X)*120% by focusing on employee happiness. To put this in perspective, if a 5 member team experienced a 20% increase in productivity, there will be enough additional output that a sixth employee might contribute, but without the additional pay.
In this scenario, an organisation’s savings can be connected to 1 employee’s salary in a 5 member team. Also, take into consideration the additional revenue generated.
If a 500 employee company saw a 20% boost in productivity,
it will mean an output of 600 employees at the hiring cost of 500.