Is work a four-letter word for many people on your team or in your organization? Is Monday morning the toughest time of their week? Are your team members mumbling “I owe, I owe, it’s off to work I go” as they trudge off to check into their “day prison?”
Or do most members of your team leap out of bed in the morning excited to get to work? Are they feeling highly fulfilled and energized by their co-workers and their workplace? Do most people in your team or organization feel that their co-workers and leaders enhance their well-being with a healthy and productive workplace?
Decades of studies keep showing strong correlations between a healthy workplace and healthy profits — or other key organizational results:
- For the past 20 years Fortune magazine’s 100 Best Companies to Work For surveys have shown top ranked companies had three times the growth of those in the bottom quartile. An investment fund started in 2005 based on this research has delivered annualized returns of 12.2% versus 8.5% for the S&P 500.
- Research reported in Good Company: Business Success in the Worthiness Era concluded, “When we compared pairs of Fortune 100 companies within the same industry, we found that those with higher scores on the Good Company Index outperformed their peers in the stock market over periods of one, three, and five years.”
- Researchers behind Firms of Endearment: How World Class Companies Profit from Passion and Purpose showed the companies that outperformed Jim Collins’ Good to Great companies by ratios as high as 3 to 1 by “aligning the interests of all in such a way that no stakeholder group (customers, employees, suppliers, communities, and shareholders) gains at the expense of other stakeholder groups; rather, they all prosper together.”
Honest (not manipulated) recommendations are becoming a key part of many decisions to purchase a book, try out a restaurant, or stay at a B & B or hotel. Tools like Net Promoter Scores show that how groups of people do or don’t recommend a service, brand, or employer is a very accurate measurement of high or low performance.
The Globe & Mail and Morneau Shepell have partnered to create the Employee Recommended Workplace Award. This award is based on employee evaluations of “the Total Health of a workforce — physical, mental, work, and life.” Companies with a Canadian staff of 25 or more employees can participate through an application process and then have employees complete an online survey.
Once the survey is completed, participating organizations receive an Employer Report providing an aggregate view of Total Health of the workplace. Winners of the award are recognized as “Employee Recommended Workplaces.” They can use that designation in recruiting and other communications.
A major benefit of this process is providing unfiltered feedback to organizational leaders on the state of their workplace. This can help in developing strategies to leverage and build on strengths while pinpointing areas for further development.
Great workplaces reflect great cultures and lead to great results — for everyone. I recommend you check out the award. Go to Employee Recommended Workplace Award for more information.