Why Do We Need Statistics?
Statistics don’t lie. They are based on the researches, surveys, and analysis. And so, they reflect the reality, the way we act and think. And that’s the reason why we need them.
People like statistics because they uncover the truth about different situations. They concern almost every aspect of our life, including work. But beside being a form of entertainment and broadening our knowledge, statistics show us what’s wrong. By knowing how things work and why they work the way they do, it’s much easier to operate successfully in the business world.
Check out these 15 work statistics to find out the most important facts from the business world. For more information, you can visit OwlLabs, Glassdoor, Octanner, cornerstonedynamics, and PR Newswire.
#1 52% of employees work remotely at least once per week.
#2 Companies that support remote work have 25% lower employee turnover than companies that don’t.
#3 The top 10 reasons for which employees leave a company are:
- career development,
- work environment,
- management behavior,
- job characteristics,
- compensation and benefits,
- work-life balance,
#4 Chances of your company having the most common turnover profile are less than 8%
#5 Influencer marketing is the fastest growing channel for customer acquisition.
#6 Millennials are the biggest content drivers—contributing over 70% of all UGC (User Generated Content)
#7 People referred by loyal customers have a 37% higher retention rate.
#8 10% of employees don’t take vacation at all. The main reason for that is the fear of falling behind with work.
#9 79% of employees who quit their jobs cite a lack of appreciation as a key reason for leaving
#10 A majority of employees would trust a stranger more than their own boss: 58% would trust a stranger, 42% would trust their boss.
#11 Over 2 in 5 workers have gained weight at their current job. The causes of it involve skipping meals, not having time to exercise after work, eating our regularly, sitting at the desk most of the time.
#12 64% of all employees do not feel they have a strong work culture.
#13 78% of employees are highly engaged when they experience strong recognition vs. 34% engaged with weak recognition.
#14 20% of the average workday is spent on “crucial” and “important” things, while 80% of the average workday is spent on things that have “little value” or “no value.”
#15 Employees do their hardest work between 9 AM and 12 PM. After that, productivity tends to drop.
What Are Your Work Statistics?
Did you nod while reading these stats? If yes, it’s a great sign that it’s a time for a change! Even if this list doesn’t seem to concern you or your company, it’s good to work on your own numbers, data, and figures, and make sure it all runs like a clockwork.
If you want to know what are the most common mistakes people do at work and how to avoid them, try to analyze the above stats. If you apply that knowledge to your business, it’ll thrive. Good luck!