Via Ventura County Star
By Diane Stafford, McClatchy Newspapers
Does it matter if workers are happy? Only if an organization wants to do well.
One academic study found that managers with average salaries of about $65,000 cost their organizations roughly $75 a week per person in lost productivity if they are “psychologically distressed.”
Multiply that at large businesses, and the financial whammy is big.
Research shows that employee well-being is inextricably tied to higher performance, which is inextricably tied to the bottom line, said Thomas Wright, the Jon Wefald Leadership Chair in business administration at Kansas State University.