London and the Hague: Quan, the science-backed well-being startup, today announced a new partnership with researchers at King’s Business School to explore the measurement and management of well-being at a team level. The partnership will focus on understanding the efficacy of interventions to support the well-being of individuals and teams. It will be led by Professor Ute Stephan, an expert on the psychology of entrepreneurship and a world-leading researcher in organizational psychology, well-being, and business.
The research will help strengthen the scientific understanding informing Quan’s well-being framework, and with only two percent of mental health apps being grounded in science, make a critical contribution toward a greater understanding of employee and team well-being in and out of the workplace.
This is an important initiative because teams that have a high sense of well-being are more productive, creative, and collaborative, with a wide range of related positive outcomes. Conversely, an environment in which employees have a poor sense of well-being leads to challenges such as absenteeism, burnout, and quitting. And this has a significant economic impact. In fact, continuing employee attrition is costing businesses an estimated $7.8 trillion in lost productivity globally (Source: Gallup), and in markets such as the US, productivity is falling at the fastest rate in decades (Source: CNBC).
“Many companies are good at measuring productivity, but not so good at measuring how they achieve it. With Quan, we believe well-being should be measured and managed as a strategic priority, with productivity being the outcome — and we have the data to show it,” said Arosha Brouwer, CEO and co-founder, Quan. “In fact, teams working with Quan are already seeing decreases in stress and burnout, and improvements in work-life balance, of 10-16%. To make a serious ongoing impact on employee and team well-being, it is critical that we continuously research and develop the scientific foundation for our framework.”
“Well-being is critically important to personal and business success but organizations find it hard to find the sweet spot between being busy and motivated, on the one hand, and practices that lead to burnout, on the other hand,” said Professor Stephan. “I’m excited to work together with Quan to better understand the wellbeing of teams; something that could help to improve the productivity and resilience of organisations of all kinds. ”
About King’s Business School and King’s College London
King's Business School is accredited by the AACSB and EQUIS and is a faculty of King’s College London, one of the top 35 universities in the world and one of the top 10 in Europe (QS World University Rankings, 2020/21) and among the oldest in England. King's has more than 31,000 students (including more than 12,800 postgraduates) from some 150 countries worldwide, and some 8,500 staff.
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