What are the Effects of Employee Voice Mechanisms on Performance, Diversity, and Employee Satisfaction Dimensions in Public Corporations?
46 Pages Posted: 25 May 2018
Date Written: May 10, 2018
This study explores the impact of employee voice by comparing the characteristics between public corporations with and without employee engagement surveys in place. First, it provides evidence of the relationship between companies utilizing employee engagement surveys and various long-term performance indicators. Companies with employee engagement surveys are expected to generate significantly higher returns with lower volatility and display a lower probability of default. Second, it demonstrates correlations between companies with established employee engagement survey programs and dimensions of diversity, including director independence and gender diversity, at the senior management and board levels. Third, it extends organizational justice (OJ) literature by confirming a positive relationship between employee voice opportunities and their satisfaction level with leadership. Finally, the study suggests that the existence of employee engagement surveys provides an additional, robust proxy to gauge the level of diversity in thought within an organization.
Keywords: Employee voice, diversity in thought, gender diversity, corporate social responsibility, human resource management, organizational behavior
JEL Classification: G3
Suggested Citation: Suggested Citation