SOURCE: Prysm

Prysm

July 27, 2016 09:00 ET

New Data: How Employee Disengagement Is Costing Enterprises Billions

Over Three-Quarters of IT and Facilities and Over Half of Information Workers Said a Modern, Digital Workspace Could Help Grow Revenue and Speed Time to Market

SAN JOSE, CA--(Marketwired - Jul 27, 2016) - Today, Prysm, creator of cloud-based visual workplaces, revealed new data from a recent Forrester Consulting study1 that is highlighted in a new Prysm-authored white paper that exposes why employee disengagement has grown to pandemic proportions, costing companies billions in lack of productivity and employee turnover. Data from Forrester cited in the paper shows:

  • Seventy-one percent of information workers said they would be somewhat or much more likely to remain at their company if investments were made in a modern, digital collaboration solution.
  • Eighty-three percent of information workers said they can be productive with the right collaboration tools regardless of location.
  • Over three-quarters of IT and facilities respondents and over half of information workers reported [that a modern, digital workspace] could help their organizations make strides in product development, grow revenue, and speed time-to-market.

The Prysm paper further notes that PwC has reported that employees who are committed to their organizations put in 57 percent more effort on the job and are 87 percent less likely to resign than their disengaged coworkers.

"What happens when your employees live in 2016 but their workplace is stuck in 1999? Nothing good," explains Paige O'Neill, chief marketing officer at Prysm. "Without modern, engaging collaborative technologies, businesses are dangerously under-armed in the fight for top-notch employees. The only way to stop this cycle of employee dissatisfaction is to utilize high-quality collaboration tools that allow employees to feel engaged in their day-to-day work, making them more productive and satisfied at work, benefiting both employees and employers."

Prysm Visual Workplace addresses this friction by improving enterprise collaboration and employee engagement. The product combines content from multiple sources -- including video, web apps, documents and images -- into highly visual cloud-based workspaces. Team members, no matter where they work, can see and interact with this content in real time, paving the way for effective, engaging meetings and accelerating business agility and innovation. 

Supporting Content
Download "Employee Disengagement Is a Disease: How Organizations Can Cure Today's Workplace Pandemic."
View SlideShare "Employee Disengagement is a Disease: Ten Stats You Should Know About Today's Workforce." 

About Prysm, Inc.
Prysm is helping companies define a new way of work. One where applications, content, video conferencing and the Web can all be easily combined into a visual workspace where teams can create, edit and share. These interactive workspaces are stored in the cloud and available on any sized screen. Prysm's Visual Workplace solutions span from executive briefing center to home office -- and every size workplace in between. Today, Prysm powers 20 percent of the Fortune 500 and our customers are leaders in all industries including technology, energy, finance, healthcare, media and universities. To define your company's new way of work, visit prysm.com.

Visual Workplace is a trademark and Prysm is a registered trademark of Prysm, Inc.
All trademarks are the property of their respective owners. 

1 "Digital, Disparate, And Disengaged, a commissioned June 2016 study conducted by Forrester Consulting on behalf of Prysm."

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