Krekel, Christian, Ward, George and De Neve, Jan-Emmanuel (2019) Employee wellbeing, productivity and firm performance. CEP discussion paper (1605). Centre for Economic Performance (CEP), London, UK.
Full text not available from this repository.Abstract
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.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://cep.lse.ac.uk/_new/publications/series.asp?... |
| Additional Information: | © 2019 The Authors |
| Divisions: | Psychological and Behavioural Science Centre for Economic Performance |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HN Social history and conditions. Social problems. Social reform H Social Sciences > HC Economic History and Conditions |
| JEL classification: | I - Health, Education, and Welfare > I3 - Welfare and Poverty > I31 - General Welfare; Basic Needs; Living Standards; Quality of Life; Happiness J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J24 - Human Capital; Skills; Occupational Choice; Labor Productivity |
| Date Deposited: | 30 Oct 2019 16:03 |
| Last Modified: | 14 Sep 2024 04:06 |
| URI: | http://eprints.lse.ac.uk/id/eprint/102290 |
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