Worthwhile
Blog Podcasts The Dialogue Magazine About Us
BLOG SEARCH
ONLINE
MAGAZINE
Subscribe
GENERAL
FAQ
WORTHWHILE FOUNDERS

Sign up for Worthwhile's free weekly e-zine.


 
Home > Blog > The Evidence
Out of Our Minds
Sunday, May 01, 2005 11:59 AM
The Evidence
Kevin Salwen on Culture

If there's a question we get asked more than others here at Worthwhile, it might be: 'How do you prove the link between employee happiness and company performance?' Our partners at The Gallup Organization have proved that multiple times through their employee engagement studies. (We've chronicled that in The Gallup Page in the print edition.) Beyond that, the Great Place to Work Institute has reported that the '100 Best Companies to Work For' list outperform the rest of the S&P 500 by 4-1 over the past seven years.

Now, here comes another strong slab of evidence pointed out to us by Rachel Hastings, who runs the Work and Family Connection in Minnetonka, Minn. In a study by Sirota Consulting, the firm examined the stock prices of 28 companies that had tracked their employee morale during the past four years. The results: The 14 companies with 'high morale' saw their stocks increase more than 5 times those of the half-dozen companies with 'low morale' (16% vs 3%).

Surprising? Not to us. What's your evidence?


1 comment

Rob - 5/2/2005 8:44:01 PM
I do believe that high morale leads to better company performance - but the stat above also raises the question, 'Does great company performance improve morale?' (instead of vice-versa) On sports teams, winning always improves morale, and losing always hurts it...

Name:  
Email:  
URL:
Comments:
 

Enter this
code below:
 What is this?
Code:  
Home   |   Blog   |   Blog Archive   |   Podcasts   |   The Dialogue   |   Subscribe   |   Advertise   |   Customer Service
About Us   |   Contact Us   |   Resources / Promotions   |   FAQ
Copyright © 2006 dash30, Inc. All rights reserved. Privacy Policy. 49