4 Tips on how investing in employee happiness is good for business
We all spend a significant portion of our lives at work. It is, therefore, crucial that we enjoy what we do, feel fulfilled and happy in our environment. Our employee survey data shows that Happy employees are more likely to be productive, motivated, and engaged. As such, we encourage our clients to take responsibility to create a conducive workplace that promotes happiness and well-being. I want to convince you that it really is worth focusing on their happiness and understand it’s not all about reward and ‘giveaways!’
- Increased Productivity
Happy employees are more productive employees. When employees are happy, they are more likely to have a positive attitude towards their work, be engaged, and work harder towards achieving their goals. In contrast, unhappy employees are likely to be less motivated, less engaged and more likely to experience burnout. Being happy at work can also reduce stress levels, which can result in fewer absences and illnesses, and fewer distractions. We have found that “Happy”, originally wasn’t even in the top three of emotions selected amongst employees! Whereas now that has changed, and “Happy” is now reported to be in the top 3 positive emotions, with 23% of people feeling happy at their organisation.
- Improved Team Morale
A work climate that promotes happiness can also result in better team morale. Employees are often more willing to help one another, collaborate and work towards common goals when they are happy. A positive mood can be contagious, spreading throughout the team and creating a more harmonious and productive work environment. Positive morale can also encourage innovation and creativity.
- Reduced Employee Turnover
Employee turnover is very costly for a company. Losing experienced employees results in extra costs to attract and train new employees, as well as potential disruptions to the workplace dynamic. Moreover, unhappy employees are more likely to leave their jobs, creating a revolving door of new hires. On the other hand, when employees are happy at work, they are more likely to remain committed to the company, be loyal, and provide better customer service.
- Better Corporate Reputation
A company whose employees are happy is more likely to have a better reputation. A positive reputation can result in increased business opportunities, improved competitiveness, and a stronger brand image. Happy employees are more likely to be brand ambassadors who promote the company and attract new talent to the organisation.
It’s not all about giveaways and rewards….
Over the last decade at Inpulse we have seen that there are several key things employers can do to help employees be happy at work. Firstly, investing in their training and development, so they feel they can grow brings great happiness. Secondly, creating a supportive work environment, where they feel that you are for them and want the best for them proven by things like encouraging work-life balance. Finally, and often critically, recognition. There is no doubt there is a very strong correlation between employees feeling that their line manager recognises when they do a good job and put the effort in and levels of happiness.
A win-win situation.
It all comes down to that employee happiness is crucial for a company’s success. Happy employees are more productive, less likely to leave their jobs, and more likely to promote the company’s reputation positively. Creating a happy work environment is a win-win situation for both employees and employers.