Category Archives: Economics

The economy of esprit de corps | USA

More organizations are trying similar activities outside of the office in order to build morale. From CrossFit to escape rooms to simulating a catastrophe, team building has become big business for facilities usually frequented by the casual public. In 2012, U.S. companies spent $46 billion on team-building firms, according to the Association for Talent Development.

The economy of esprit de corps isn’t for naught. According to Gallup, disengagement in American organizations accounts for more than $450 billion in lost productivity annually. And with less than a third of employees actively engaged in their work, according to the analytics company’s State of the American Workplace report, losses pile up quickly. Studies by the Queens School of Business and Gallup found profitability, job growth and share price all fell by more than 15 percent in organizations with low employee engagement.

Source: Penn State employees build team spirit with art classes, activities | Centre Daily Times

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Retailers wake up to employee retention 

My one and only time working in retail was a summer job while I was in college, hauling merchandise to the sales floor at a big box store. The fellow workers were great, and I remember an esprit de corps that helped get us through the day.

Source: Evan Jones: Retailers wake up to employee retention | Reading Eagle – MONEY

Fixing the Washington Metro

The basic sketch of a solution is obvious enough. Employees need to become more professionalized and rediscover an esprit de corps. Management needs a strategic, long-term focus, buttressed by clear lines of authority and responsibility — ideally under the primary responsibility of the D.C. mayor.

Source: Fixing the Washington Metro is easy. Just make D.C. a state.