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The video discusses why engagement surveys are not effective, despite their increasing popularity in the market. The main reasons cited are that they are often conducted once a year, which does not provide an accurate reflection of employee engagement over time. Additionally, these surveys typically contain a large number of questions that require a significant time investment from employees. This can lead to survey fatigue and a lack of genuine responses. In summary, annual engagement surveys may not be the best method for accurately measuring engagement levels within a company.