As the work environment has continued to grow and develop, businesses have had to deal with the consequences of stress and negativity in the workplace. These two factors can lead to costly financial losses as well as frequent employee turnover.
- Job stress costs more than $300 billion a year (Rosch, 2001).
- Stress could cost the organization roughly $75 a week per person in lost productivity. With 100 employees, that translates to $390,000 per year (Wright in Science Daily, 2009).
- 20% of payroll goes toward addressing stress-related problems (Human Resource Management, 2009).
- Stores that improved engagement year on year grew their profits by 3.8% (Gallup, 2008).
- Engaged organizations grew profits as much as three times faster than their competitors (Corporate Leadership Council, 2008).
- A company with highly engaged employees achieves a financial performance four times greater than companies with poor engagement (Watson Wyatt, 2009).
- Employee engagement predicted objective daily financial returns (Xanthopoulou, Bakker, Demerouti, and Schaufeli, 2009).
- Engaged employees generate 43% more revenue than disengaged ones (Hay Group, 2001).
- Companies with a highly engaged workforce improved operating income by 19.2% and had a 13.7% improvement in net income growth (Towers Perrin-ISR, 2006) .
Based on the science and research of positive psychology and emotional intelligence:
- We know that a positive mindset and attitude can have benefits that last a lifetime.
- We know that through habitual practice of positive activities, one can act and feel better personally and professionally.
- We know that positive habits lead to improved lives and increased profit.