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Claffey said companies are added to the virtual fund the day after their name is published by a partner newspaper and would be removed if their name is not published or their scores on organizational health factors drop below the threshold. Companies in the portfolio are equally weighted.
Chris Puto, dean of the Opus School of Business at the University of St. Thomas, said the financial performance of Top Workplace Fund companies rings true in his experience.
“When workers are engaged in the well being of the company … they then map that onto a sense of their own well being,” Puto said. “That is when you get the performance kick.”
Puto points out that the feedback loop can work in the opposite direction, too.
“People feel connected until they feel like they are going to get laid off,’’ he said. “Then they don’t feel connected.”
“These factors are not overriding factors,” Puto said. “They actually integrate with other business and economic elements.”
But put all firms on a level playing field and Puto said: “I’m convinced that all else being equal, that higher engagement will absolutely outperform unengaged employees.”
Patrick Kennedy • 612-673-7926