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Employee Wellbeing, Productivity, and Firm Performance
Open accessAbstract
Does higher employee wellbeing lead to higher productivity, and, ultimately, to tangible benefits to the bottom line of businesses? We survey the evidence and study this question in a meta-analysis of 339 independent research studies, including the wellbeing of 1,882,131 employees and the performance of 82,248 business units, originating from 230 independent organisations across 49 industries in the Gallup client database. We find a significant, strong positive correlation between employees' satisfaction with their company and employee productivity and customer loyalty, and a strong negative correlation with staff turnover. Ultimately, higher wellbeing at work is positively correlated with more business-unit level profitability.
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Cited by
Chowdhury, S., Dey, P., Joel-Edgar, S., Bhattacharya, S., Rodriguez-Espindola, O., Abadie, A., & Truong, L. (2023) · Human Resource Management Review · doi:10.1016/j.hrmr.2022.100899 · Cited by 927
Trenerry, B., Chng, S., Wang, Y., Suhaila, Z. S., Lim, S. S., Lu, H. Y., & Oh, P. H. (2021) · Frontiers in Psychology · doi:10.3389/fpsyg.2021.620766 · Cited by 594
A review on health and well‐being at work: More than stressors and strains
Sonnentag, S., Tay, L., & Nesher Shoshan, H. (2023) · Personnel Psychology · doi:10.1111/peps.12572 · Cited by 212
Metadata
- Authors
- Krekel, C., Ward, G., & De Neve, J.-E.
- Venue
- SSRN Electronic Journal
- Publisher
- Elsevier BV
- Published
- 2019
- ISSN
- 1556-5068 (ISSN-L)
- OpenAlex
- W2933918915
- Cited by
- 317
- References
- 69
- Type
- posted content
- Language
- en
- Open access
- green
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