ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Executives Are Increasingly More Engaged at Work, While Employee Engagement is Stagnant

Executives reported a 7 percentage point increase in engagement over the past year after falling in 2022

Executives in the C-suite have a dramatically different employee experience than individual contributors, scoring much higher across the top drivers of employee experience, according to new data from Qualtrics (Nasdaq: XM).

This data comes from the Qualtrics 2023 Employee Experience Trends Report. Qualtrics surveyed nearly 29,000 working professionals across 27 countries in Q3 2022 to understand their sentiment about the workplace. This included nearly 1,700 top-level leaders (VP and C-suite), 5,600 employees in mid-management, 6,400 frontline managers and 14,000 individual contributors.

The Employee Experience Trends Report follows Qualtrics’ EX25 model, a scientifically validated approach to measuring employee engagement that identifies key performance indicators of engagement and the drivers that have the most impact on them.

Among all employees, engagement held relatively level, increasing from 66% a year ago to 67% for 2023.

As leaders within an organization, executives have more power to influence their own experience, while individual employees may feel less control over their interactions with a company. Even as companies make efforts to keep their employees happy and productive, introducing trendy new benefits to address the changing workplace, individual contributors remain less engaged than executives.

Compared with the previous year, executives reported increases in engagement, intent to stay, experience versus expectations, inclusion, and well-being. Executives were already the most engaged employee group, and saw the biggest increase in engagement score from 2022 to 2023, growing from 79% to 86%.

By contrast, individual contributors saw small improvements in engagement, experience versus expectations, and inclusion, and declining scores in intent to stay and well-being. A concerning trend is individual employees’ declining belief in the company values, one of the top drivers of engagement, which fell three percentage points while executives improved by five percentage points.

“These numbers point to an alarming gap developing between the perception of executives and the perception of frontline employees in terms of their work experiences,” said Sarah Marrs, Qualtrics’ Director of Product Science. “It’s hard to know why this is, and likely differs between organizations. For example, it could be that leaders have not managed to replace in-person interactions with remote mechanisms to effectively communicate and listen to people. It speaks to the urgent need to reach across the gap and listen to those valuable frontline perspectives on how to create a workplace primed for high performance and retention.”

Notably, 64% of executives say their experience exceeds their expectations, while just 29% of individual contributors say the same. There is a similarly large gap between the share of executives (86%) and individuals (54%) who believe their career goals can be met at their current company, which is the top factor in whether expectations are met for individuals.

 

Executives (VP/C-suite)

Individual Contributors

 

2022

2023

Change

2022

2023

Change

Engagement

79%

86%

+7

58%

59%

+1

Intent to stay

72%

77%

+5

62%

60%

-2

Experience vs expectations

52%

64%

+12

26%

29%

+3

Inclusion

81%

85%

+4

65%

66%

+1

Well-being

84%

86%

+2

66%

64%

-2

Work-life balance

n/a

84%

n/a

n/a

67%

n/a

Career goals can be met

80%

86%

+6

58%

54%

-4

About Qualtrics

Qualtrics, the leader and creator of the experience management category, is changing the way organizations manage and improve the four core experiences of business—customer, employee, product and brand. Over 16,750 organizations around the world use Qualtrics to listen, understand and take action on experience data (X-data™)—the beliefs, emotions and intentions that tell you why things are happening, and what to do about it. The Qualtrics XM Platform™ is a system of action that helps businesses attract customers who stay longer and buy more, engage employees who build a positive culture, develop breakthrough products people love and build a brand people are passionate about. To learn more, please visit qualtrics.com.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.