Work Itself Group Data Confirms Workplace Inefficiency Costs Millions of Jobs

SALT LAKE CITY--(BUSINESS WIRE)--The Work Itself Group, a consulting firm helping companies identify and eliminate Fake Work®, today released aggregate data which confirms that companies are losing revenue each year through a lack of connection and understanding of strategy. Additionally, data suggests 87 percent of employees polled are not satisfied with results on a week-to-week basis and cite inconsequential work as the reason. Too many employees have no understanding of business strategy—which is putting businesses at risk.

The creators of The Work Itself Group, Dr. Brent D. Peterson and Gaylan W. Nielson, co-authored the book Fake “Work” to expose strategic organizational shortcomings that reduce productivity and negatively impact company valuation. The company offers workshops, expert lectures and the book as tools to help identify where organizations fall short in articulating strategies as well as communicating and translating those strategies into critical daily tasks.

“We are finding the majority of the American workforce is unaware or unable to translate their companies’ strategic objectives to their day-to-day responsibilities resulting in what we refer to as Fake Work,” said Peterson, chairman of The Work Itself Group. “As the economy will no longer tolerate inefficiencies, this often necessitates job cuts to manage costs. Employees must recognize that failing to make a direct, traceable contribution to valuation and revenue could cost them their job.”

The Work Itself Group data shows:

• Up to 50% of work done in an organization is not positively impacting the companies’ revenues
• 81% of workers do not feel a strong level of commitment to their organizations’ strategies and goals
• 73% of workers say their organizations’ strategies and goals are not translated into specific work tasks they can execute
• 87% of workers are not satisfied with the results of their work at the end of most weeks
• 70% of workers do not know what to do to support their organizations’ strategies and goals

“Companies need to be aware of where their organization is failing to communicate its objectives and retool that communication,” said Nielson, CEO of The Work Itself Group. “In a company with 1,000 employees with a median income of $58,000, failing to address productivity even if it is 90 percent of where it should be is still costing that company $5.8 million dollars per year in value creation. To maximize productivity, tasks must be aligned with the over-arching company strategy.”

About FAKE “WORK”

FAKE “WORK” endorsed by Stephen R. Covey, targets the many causes of Fake Work that the authors have observed in businesses and organizations over the years. It also provides the “Paths to Real Work®,” which deals with organizational, team, interpersonal, and personal approaches to change the world of work into a more efficient and productive place to do business.