Keeping your people happy does not only impact your productivity, but it also impacts motivation (people who love their job are more likely to try and improve b

Keeping your people happy does not only impact your productivity, but it also impacts motivation (people who love their job are more likely to try and improve beyond their job), the overall churn and, as a second-order effect, even stuff like hiring or wages. Of course, in the end this all affects the company productivity, but it's really not as straight-forward [0] as the productivity of a single team. [0] "straight forward" is a bit of an overstatement for measuring team productivity, but that's a different discussion.