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Impact of Workplace Spirituality on Corporate Financial Performance


Affiliations
1 Professor & Director, Vimal Jyothi Institute of Management & Research, Chemperi, Kannur - 670 632, Kerala, India
2 Associate Professor, Rajagiri College of Social Sciences, Kochi - 682 039, Kerala, India
     

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This paper examines the perception of employees with regard to Workplace Spirituality and their perceived effect on Corporate Financial Performance. The findings of the study confirm a weak positive correlation between Workplace Spirituality and Corporate Financial Performance. The results indicate that Transcendence, Organizational Values, Individual and the Organization are the significant sub-dimensions of Workplace Spirituality that impact Corporate Financial Performance. The effects of Age, Gender, and Work Experience on Workplace Spirituality are also examined, with Gender difference making no impact. Age and Work Experience have an effect on Workplace Spirituality. Organizations need to do a lot more to align employees with organization values, so as to create a desired connect between Workplace Spirituality and Corporate Financial Performance.


Keywords

Workplace Spirituality, Corporate Financial Performance, Employees, Organizations, Organization Values

G3, G30, Z1, Z12

Paper Submission Date : June 12, 2013 ; Paper sent back for Revision : July 7, 2013 ; Paper Acceptance Date : July 23, 2013.

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  • Impact of Workplace Spirituality on Corporate Financial Performance

Abstract Views: 225  |  PDF Views: 0

Authors

A. P. George
Professor & Director, Vimal Jyothi Institute of Management & Research, Chemperi, Kannur - 670 632, Kerala, India
N. Joji Alex
Associate Professor, Rajagiri College of Social Sciences, Kochi - 682 039, Kerala, India

Abstract


This paper examines the perception of employees with regard to Workplace Spirituality and their perceived effect on Corporate Financial Performance. The findings of the study confirm a weak positive correlation between Workplace Spirituality and Corporate Financial Performance. The results indicate that Transcendence, Organizational Values, Individual and the Organization are the significant sub-dimensions of Workplace Spirituality that impact Corporate Financial Performance. The effects of Age, Gender, and Work Experience on Workplace Spirituality are also examined, with Gender difference making no impact. Age and Work Experience have an effect on Workplace Spirituality. Organizations need to do a lot more to align employees with organization values, so as to create a desired connect between Workplace Spirituality and Corporate Financial Performance.


Keywords


Workplace Spirituality, Corporate Financial Performance, Employees, Organizations, Organization Values

G3, G30, Z1, Z12

Paper Submission Date : June 12, 2013 ; Paper sent back for Revision : July 7, 2013 ; Paper Acceptance Date : July 23, 2013.




DOI: https://doi.org/10.17010/pijom%2F2013%2Fv6i9%2F60026