The Importance of Wellbeing: Organizational Outcomes from an Evidence-based Management Perspective

The Importance of Wellbeing: Organizational Outcomes from an Evidence-based Management Perspective
Organizational outcomes

Executive Summary

A growing number of organizations are focusing on caring for their employees in a holistic, wellbeing-focused manner. Particularly among tech companies and start-ups, employee benefits now surpass simple health and retirement benefits, and include physical health programs, continuing education credits, and even on-site wellness facilities such as yoga rooms (Dailey & Zhu, 2017). In some circles, these benefits are seen as overly lavish, or merely a novelty; the assumption is often made that caring for employees’ bodies and minds does not pay off in terms of measurable outcomes (McCleary et al, 2017).

While many organizations truly cannot afford to give their employees free organic food or yoga rooms, there is a plethora of evidence that supports caring for employee wellbeing (Gubler et al, 2017). On the individual level, employees who feel psychologically, emotionally, and physically healthy tend to be more productive and more committed to their organization (Porter & Kramer, 2019). The risk of burnout is also diminished among employees whose wellbeing is attended to. But what about the macro level? A great deal of research also highlights the organizational benefits of caring about employee wellbeing. This dossier will review some of the latest findings on the subject, and provide advice to managers seeking to improve wellbeing across their workplace.

 

Dr. Devon Price

Published

Dr. Devon Price is a social psychologist, writer, activist, and professor at Loyola University of Chicago’s School of Continuing and Professional Studies. Price’s work has appeared in numerous publications such as Slate, The Rumpus, NPR, and HuffPost and has been featured on the front page of Medium numerous times. They live in Chicago, Illinois.