Happier employees work harder, better and smarter.
An extensive study into happiness and productivity has found that workers are 13% more productive when happy. The research by Oxford University’s Saïd Business School, in collaboration with British multinational telecoms firm BT, has found a conclusive link between happiness and productivity – when workers are happier, they work faster leading to more sales conversions!
Why are happy employees more productive?
- Happy employees, care more!
When employees are happy, they feel invested in the organisation’s goals and are more engaged in their work. They will do their best to understand the company’s processes and systems and are more attentive to the needs of customers in turn increasing business’s profitability.
- Happy employees are more loyal!
These employees are more likely to stay for the long term. Low turnover rates saves the company money and time. Training new employees is time consuming and slowdowns business productivity. A key factor in retaining employees is appreciation as found in a survey conducted by Boston Consulting Group. Employees just want one simple thing from their jobs – appreciation for their hard work. A happy employee would not be bothered to look for another job if they enjoy their work and feel appreciated!
- Happiness is contagious!
Some things are meant to be contained (like the pandemic!) but not joy! This feeling when cultivated can grow through each and every layer within the company. Happy employees support one another. When employees are optimistic, they are more willing to support fellow workers in achieving the company’s goals.
Does enjoying your work typically lead to higher productivity? We most certainly believe so.
The happiness of your employees should be at the top of every manager’s agenda. Today’s workplace trends shows employees are turning down higher paying jobs for jobs that pay less but makes them happy!
Keep your employees happy with a hybrid working model.
Included in The Top 10 Workplace Trends for 2021 is the hybrid workplace and workforce model. COVID-19 has changed the way we work and employees are realising the benefits of remote working for their personal wellbeing and the importance of family. Remote working gives them the flexibility to work closer to home while maintaining regular working hours and ensuring business continuity. Having happy employees is extremely important for the survival and performance of any organisation.
We believe that co-working space will play a vital role in helping businesses make sense of the new normal in the months ahead. Flexibility is now more important than ever!
For more information, contact us or e-mail services@cubecoworking.com
