Older employees are likely to enjoy improved workplace wellbeing, according to a study from The Myers-Briggs Company, the leading business psychology provider.
The study, involving over 10,000 people from 131 counties, revealed that workplace wellbeing progressively increases with age and that workplace relationship are an important element of well-being.
The youngest age group (18–24 years) reported the lowest levels of wellbeing (6.77 on a 10-point scale) and the oldest age group (65+ years), the highest levels (8.14), according to the findings of the three-year international study
The research supports a widely held hypothesis that people develop ways to support their well-being with experience; something that presents an opportunity for senior-aged workers to help mentor their younger co-workers and enhance organisational well-being.
In contrast, the research found that country, culture and gender play little part in contributing to workplace wellbeing; however, workplace relationships are of key importance and personality type also makes an impact.
Commenting on the findings, John Hackston, Head of Thought Leadership at The Myers-Briggs Company, said: “Growing evidence shows well-being influences a wide range of life outcomes and, despite organisations spending vast sums on “wellness programs”, few companies use real insight to inform their workplace well-being strategies.
“Companies should consider how they can leverage these insights to benefit their workforce. For example, drawing on the wisdom and experience of senior-aged workers to help mentor their younger colleagues can be a key benefit; with mentorship programmes one way to do this.
“Recent organisational research has indicated up to 80% of people in large organisations are not engaged with their work, something that results in huge losses in productivity. We know that improved employee wellbeing leads to greater commitment to the organisation, improved job satisfaction and a reduced likelihood of job hopping, and ultimately helps to drive business success.
“And considering the currently record-low unemployment levels across the UK, organisations have to compete fiercely for the best talent. Offering excellent workplace wellbeing is one way to engage and retain employees, both young and old alike.”