Older employees are likely to enjoy improved well-being, according to a study from The Myers-Briggs Company, one of the world’s largest business psychology providers. The research reveals that workplace well-being progressively increases with age and also highlights workplace relationships as one of the most important elements of well-being.
Data from the three-year international study, which surveyed over 10,000 people from 131 countries, revealed that the youngest age group (18–24 years) report the lowest levels of well-being (6.77 on a 10-point scale) and the oldest age group (65+ years) reported the highest levels (8.14).
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 well-being; 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 well-being 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 well-being is one way to engage and retain employees, both young and old alike.”
Download the full report here.