Happy workers Likely to Stay Put
It may seem unsurprising, but happy workers are less likely to leave their jobs.
That is the finding of research conducted by Kansas State University, which reveals that psychological wellbeing plays a key role in keeping employees in their existing roles.
However, the importance of keeping workers happy does not end there, as they are also seen to perform better on a daily basis when their psychological state is at its most positive.
Professor of management Thomas Wright has quantified the correlation between happiness and productivity.
He claims that it stands at somewhere between 0.3 and 0.5 - equating to a boost in productivity of between ten and 25 per cent when staff are in a good mood.
And this relationship stands after all other influencing factors have been eliminated - such as age, gender, educational level and ethnicity.
For managers, the message is to remain positive when providing employees with feedback, as appraisals based on failures are likely to destroy any positive sentiment the worker has towards their job.
Meanwhile, a culture of support between employees - and not just from management - is also suggested as a means of obtaining the observed productivity boost.
Diane Swanson, chair of the Business Ethics Education Initiative at Kansas State University, calls on business educators to coach a sense of community into their pupils to eliminate managerial greed in future generations.
