Simple yet powerful tip to increase business growth by 37%
Motivation has a key ingredient: happiness!
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 a 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.
Importantly, this increase in productivity isn’t linked to working more hours; these happier employees simply perform better within a similar amount of time or perhaps lesser.
Researchers followed a group of workers for a 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 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.
Measuring Happiness In The Workplace