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Iconixx Insights BlogIncentive Compensation Management

13 percent of global workers considered engaged

By October 11, 2013January 16th, 2023No Comments

When employees start to make mistakes more frequently or turn in assignments later than they normally would, these are common signs that workers are disengaged. Workers sometimes struggle to find the motivation to do their best at their jobs, which calls for incentive software to get them back on track. Employers around the world face an uphill battle in galvanizing their workforce as only 13 percent of global workers were engaged between 2011 to 2012, according to Gallup’s State of the Global Workplace report. This is a 2 percent increase from 27 percent in 2009 to 2010.

In the survey of 180 million workers from 142 countries, 63 percent of respondents (900 million) indicated that they are not engaged or lack motivation and effort to fulfill organizational goals. About 340 million workers, or 24 percent, said they were actively disengaged, meaning they are not only unproductive at work but also capable of spreading negativity to other employees.

Compared to global figures, the U.S. had better levels of engagement with 29 percent of respondents saying they were engaged and 54 percent said they were not engaged.

“Regardless of region or industry, businesses seeking to adapt to rapidly changing global economic conditions must learn how to maintain high-productivity workplaces and grow their customer bases in widely varying social, cultural, and economic environments,” Gallup said. “Systems for reliably measuring and improving employee engagement across industries and regions worldwide are vital to that goal.”

To help bridge this productivity gap, employers can use incentive management software to not only measure engagement but incorporate this information to boost workplace productivity.

Building positive workplaces for greater productivity
For firms struggling to motivate their workers, engagement can be improved through energizing employees, according to Inc Magazine.

Establishing a communication channel that works both ways, benefiting employers and workers, can help establish trust. Having a reliable network of information allows employees to have a sense of a secure, positive workplace environment that encourages growth. Another way to energize employees is to give them tasks associated with more responsibility to let them know that they are important in achieving the organization’s goals.

Cultivating a community within the workplace can also connect employees to their company and the people they work with. Having a business community can help workers feel like they are truly part of the company and have a relationship with their co-workers.

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Ballast Point Ventures

Ballast Point Ventures is a later-stage venture capital fund established to provide expansion capital for rapidly growing, privately owned companies in diverse industries, with a particular emphasis on companies located in Florida, the Southeast, and Texas. The BPV partners have more than 70 years of combined experience investing in and building high-growth companies in a number of industries, including healthcare, business services, communications, technology, financial services, and consumer goods. BPV has $200 million under management and seeks to make equity investments ranging from $3 million to $10 million.

Harbert Management Corporation

Harbert Management Corporation seeks to generate superior returns for their investors by identifying and investing in the most promising early growth stage companies in the Southeastern U.S. HMC seeks to capitalize on what it believes are compelling regional dynamics, such as a strong and fast-growing economy, significant research and development activities, and an established entrepreneurial community. The HMC team combines substantial investment, advisory, and operating experience with capital and networking contacts to support great entrepreneurial teams in successfully executing their growth plans. With offices in Birmingham, Alabama; Richmond, Virginia; and Gainesville, Florida, it’s well positioned to partner with entrepreneurs throughout the Southeast.

KBH Ventures

KBH Ventures was an early investor in Iconixx Software. KBH's investment philosophy plays a significant role in the firm's successful track record. KBH believes in running businesses to be cashflow positive and profitable every month. Startups and companies in a startup mode, such as one that has been purchased in distress, are expected to generate revenue within the first six months and reach profitability within the first 12 to 18 months. KBH also only invests in or acquires companies that are in the startup phase or have less than $20 million in revenues. KBH targets technology companies that offer business-to-business services.

S3 Ventures

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