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Essay / The Importance of Industrial and Organizational Psychology
Organizations used to believe that money was a major factor in motivating and increasing productivity. However, studies of millennials have shown that money is no longer the motivator it once was (Pearson, 2015). 89% of managers surveyed believed that their employees who left the company had moved on to better-paid jobs. In reality, 80-90% of employees left these jobs for reasons other than money (Pearson, 2015). A positive work culture can reduce the number of sick days taken by employees and also contribute to a highly engaged staff. This shows how cultivating a positive employee culture can have a positive impact on your bottom line. One way to address culture within my current organization would be to hire a third party to conduct a culture and employee engagement survey. By conducting this anonymous survey, the organization could gain insight into employees at all levels and identify areas in which they need to improve. The ability to identify areas of needed improvement can then be used to create a plan to address the culture within the organization and make necessary changes. Understanding the strengths and opportunities within the company's culture and engagement could help the organization develop an action plan to ensure the culture it wants is the one it delivers to employees. It is also an opportunity for employees to have a platform where they can give feedback to the company on areas where they can do better and help create the work culture they want.