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Maybe not perfect but I found the 12 questions used by Gallup quite objective in their attempt to link engagement with productivity: 


They claim that innovation, entrepreneurship, authentic sales growth, new customers, job growth — all the things that every company needs most — are sparked and inspired by the relationships between managers and employees that these 12 items measure.


I think what is important is to measure the answers before doing anything, identify with the employees maybe 2 or 3 points that impact the most their performance and measure again after changes have been implemented.


What do you think ?