Empathy is becoming a buzzword for CEOs this year as a trait to have and to build within their organizations.

 

Surveys and reports point up its importance as a “humanizing” tool that improves employees’ and companies’ performance and sets the right overall tone.

A workplace empathy study by Businessolver found that 87% of CEOs agree that a company’s financial performance is tied to empathy, and 43% strongly agree. The study also said:

  • 8 in 10 CEOs, employees and HR professionals agree that an empathetic workplace has a positive impact on business performance.
  • Majorities in all demographics of employees responded that empathy motivates workers and increases productivity.
  • 9 in 10 employees are more likely to stay with an organization that empathizes with their needs.
  • 8 in 10 would be willing to work longer hours and take slightly less pay for a more empathetic employer.