Yes, employee’s happiness is the secret to hacking
productivity in your business. A happy team member is likelier to be more
energized, more creative, and get more work done in short time. This infectious
attitude can translate into better work and customer service that, in turn, results
in customer loyalty.
For starters, an unhappy workforce churns out more
stress and employee burnout. When someone is sick & tired of their work
environment, eventually they quit. Anyone running a business knows how
expensive are those frequent turnovers.
On the other hand, a happy
workforce encourages the most effective talent to stay with you. Higher
retention rates result in less new employee training, more expertise staying on
your team, and more quality work getting done in a short span of time.
Employee happiness has increasingly become an
imperative in today’s business. There is now growing evidence that when one's
employees are happy, businesses thrive. To put this claim into
perspective, consider the following key statistics.
One study found
that happy employees are up to 20% more productive than unhappy employees. When
it involves salespeople, happiness has
an even greater impact, raising sales by 37%.
Importantly, this increase in
productivity isn’t linked to working more hours; these happier employees simply
perform better within the similar amount of time or perhaps lesser.
Researchers followed a group of workers
for British multinational telecommunications firm, for 6 months and tracked
their sale conversions, attendance, and customer satisfaction. Workers also
self-reported their level of happiness daily. Data showed that employees that
reported feeling happy worked faster, made more sale conversions per hour
worked, and adhered to their workflow schedule more closely.
The bottom line is that all those dollars, cents and
time spent on employer branding, corporate culture boils down to make the
employee to feel valued, like who he/she is really matters , that what
he/she does has an impact and they are making progress, they’re being
heard, which creates an impact and leading you and your
organization forward.
Good health goes hand-in-hand with
happiness. Employers that want an effective wellness program should note that
happiness can benefit overall employee health and reduce MCs and medical costs.
So, happiness is linked to productivity and
exponential business growth. But how can we measure “happiness” in
the workplace?
Certainly, not everything (especially
the current situation of COVID-19) is under the control of the employer when it
comes to making workers happy. At
Valluva’s HCM App, We have an AI integrated algorithmic approach to measure
employee’s daily happiness, where every employees were simply asked to rate
their day on their signing out. The results will be populated on the admin’s
dashboard, therefore the organisation can take informative decisions.
Employees who feel
respected and appreciated where they work are inherently more productive. Their
ability to voice opinions makes them more likely to bounce ideas off one
another, increasing creativity. When they feel valued and more like they’re
making a difference, they’re more focused and motivated to get projects
accomplished successfully.
An environment where happiness is placed before
profit creates a robust employee culture. Workers get more done, which
positively impacts overall financial performance.
It's not just employee productivity that happiness improves. A happy and
cheerful culture creates waves across your business.
Your happiness culture will
translate over into customer loyalty. Your employees' engagement with the business
feels more authentic. Customers devour on this. We all know when we're getting a
lip service and when someone believes in their work and confident about it
