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FREQUENTLY ASKED QUESTIONS
WHAT IS BUSINESS PSYCHOLOGY?
Business Psychology is an applied science that explores how people and organizations behave, learn, motivate, and perform. Simply put, Business Psychology is the science of human behavior relating to work. It is also referred to as Industrial/Organizational Psychology, Work Psychology, and Occupational Psychology.
HOW CAN BUSINESS PSYCHOLOGY HELP?
Business Psychology utilizes a combination of psychological principles, methodical investigation, and scientific research to study and improve organizations, employees, and leaders. Business Psychology Practitioners contribute to an organization's success by improving the performance, motivation, job satisfaction, occupational safety/health, and the overall well-being of its employees - all while aligning strategies to achieve organizational capital and growth objectives.
WHY SHOULD I HIRE A BUSINESS PSYCHOLOGIST?
Business Psychologists not only counsel on Human Resource practices and policies, but also assess and observe employee behaviors and skills to understand challenges and implement strategic solutions. They offer advice on the best practices and policies that benefit employees, organizations, and the bottom line.
The minimum education requirement for practicing Business Psychology is a Master's Degree. During their higher education training, Business Psychologists focus on areas such as: research methodology, statistical analysis, strategic human resource management, organizational development, organizational culture and design, designing and administering assessments, training and development, selection, leadership development, and workplace productivity.
WHY HAVEN'T I HEARD OF BUSINESS PSYCHOLOGY BEFORE?
The field of Business Psychology originated as a subset of Psychology and Human Behavior to study the emergence of the American industrial growth in the early 1900s. Early Business Psychologists focused on developing the tools and techniques to evaluate and improve employers and employees.
One of the earliest applications of Business Psychology was in selection and placement of US government and military personnel. As the field grew in popularity and recognition within the scientific and business communities, Business Psychology continued to test and design theories and practices for improving how we manage organizations and employees.
Business Psychology today has many profound implications for organizations worldwide and is an impactful business model across different industries. Some current trends in Business Psychology are in Globalization and Diversity, Work-Life Balance and Employee Well-Being, Business Agility and Flexibility, Automation and Artificial Intelligence, Performance Management, and Pre-Employment Assessments.
HOW IS BUSINESS PSYCHOLOGY DIFFERENT THAN HUMAN RESOURCE MANAGEMENT?
Both Business Psychology and Human Resource Management fields strive to create effectiveness and efficiencies among employees and organizations. Their differences are in how they accomplish this.
HR Professionals focus on administering personnel activities, compliance and policies, and day-to-day components of employee life through various established HR processes.
Business Psychologists work under a “scientist-practitioner” model and use scientific methods and tools to assess, analyze, and recommend data-driven programs and practices that are proven and valid.
In many instances, Business Psychologists and HR Professionals work together in effectively establishing and implementing People Operations initiatives.
Human Resources Consulting - Business Psychology - Business Consulting - Turnover - Performance - Engagement - Management Consulting - Leadership Development - Training - Recruiting
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