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Nurse Retention: Does Employee Satisfaction Impact Organizational Value?

Written by LeAnn Thieman, CSP, June 14th, 2016

Does employee satisfaction improve organizational value? The answer is “yes!” Satisfaction facilitates recruitment, retention, and motivation. Investing in it is expensive but the benefits outweigh the costs.

nurse retention employee satisfaction In a paper in the Academy of Management Perspectives, 28 years of data was researched finding that organizations with high employee satisfaction outperform their peers by 2.3% to 3.8% per year in long-run stock returns. Results suggest that it is employee satisfaction that causes good performance, rather than good performance allowing a firm to invest in employee satisfaction.

Satisfaction was measured using the list of the 100 Best Companies to Work For in America. This list is compiled independently by the Great Place To Work Institute which selects 250 workers at random and asks them 57 questions, spanning credibility, respect, fairness, pride, and camaraderie.

The results have implications for both managers and investors. Companies that treat their workers better, do better.

To learn how to improve your nurse recruitment and retention, visit SelfCare for HealthCareContact me today for a complimentary consultation about what’s working and what’s not working in terms of wellness at your facility.

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