Some employees may blame themselves for their lack of productivity and efficiency when they are feeling overworked. This assumption could not be more untrue, as employee burnout is and will always be the fault of the company. When employees are swamped with heavy workloads and unable to achieve a good work-life balance, this implies that the company suffers from major organizational mismanagement and a lack of direction. In addition, it shows that employees have to deal with unrealistic job demands, lack of support from top management, and emotional and physical exhaustion on a frequent basis.
Positive psychology encourages employees to work together and help each other out during tough times. Therefore, employees are less likely to suffer from burnout as they are given the freedom to prioritise self-care, work with a purpose, and have the assurance to request assistance whenever required. This is evident from findings by Harvard Business Review, which discovered that positive psychology leads to a 125% reduction in burnout rate.
6. Lower Turnover Rate
Arguably the worst crisis that companies face is a high turnover rate. When many employees are only remaining in the company for short periods of time and are leaving in groups, this sends a clear signal that the company is doing something wrong, and employees are highly unsatisfied. In such cases, companies should immediately look towards improving the workplace culture and develop an effective retention strategy in order to retain existing employees. High employee turnover rates can be extremely disastrous for a business, resulting in severe consequences such as poor reputation in the corporate world; loss of valuable knowledge and skills; loss of morale; and many more. In other words, the turnover rate can either make or break a company.
To avoid such scenarios, companies should attempt to make employees feel attached to the business. Of course, this can only be achieved if the workplace offers an environment where employees are valued for their contributions and feel that there is something to look forward to throughout their career journey. This is where positive psychology comes in by allowing employees to strengthen their talents and have opportunities to pursue other career-related interests. This gives off an impression that the company understands each employee’s personal goals, ensuring their loyalty at the end of the day.
7. Increase in Sales
Considering that positive psychology helps boost productivity, motivation, and loyalty among employees, companies can expect their sales revenue to increase as employees have the drive and purpose to achieve business goals and hit targets. According to Gallup, Inc., it does not matter what industry the business is in or the company’s size. As long as a business puts in place a positive workplace environment and enjoys the benefits listed above, its bottom line will improve. Shawn Achor, the American author who published the New York Times best-selling book “The Happiness Advantage and Big Potential”, has also mentioned that companies have discovered their sales volume go up by 37% after practising positive psychology.
8. Lesser Safety Incidents
Positive psychology is about more than just creating a meaningful and fulfilling work-life balance; it is also about granting employees the right to work in a safe and healthy environment. This is accomplished by establishing positive organisational science to create better safety-related interactions among employees. Unfortunately, to this day, there are some companies that fail to protect their workers from health risks and safety hazards. This can be attributed to a false sense of complacency and misjudgement by the company and its managers, especially in a workplace where it may seem that employees are not in direct harm’s way with any potential danger, such as simply sitting at their desk all day. However, regardless of the environment the employees are in, health and safety measures should not be overlooked and must be complied with at all levels. Based on findings from Babcock Marine Clyde, positive psychology has the capability to lower safety incidents in the workplace by 50%.