The Most Important Metric that defines your Workplace.

Business Happiness Index

08 Oct The Most Important Metric that defines your Workplace.

Business Happiness Index

“What is the perfect workplace?” 
“Is happiness a real metric?”
“What can make my employees want to work everyday?”

If you have struggled to answer these questions before, then continue reading.

In today’s day and age, the world is so caught up with the end goal, that the process is often neglected. Companies have become much more employee dependent today than they ever were.

So, what does a heavenly workplace look like? 

To answer this, we have taken inspiration from a rather under-appreciated country – Bhutan. According to the last GNH Survey conducted by the Centre for Bhutan Studies and Gross National Happiness in 2015, the 2015 GNH index showed that on the scale of zero to one, the happiness of the Bhutanese has increased from 0.743 in 2010 to 0.756 in 2015. This translates into an overall increase of 1.8%. Bhutan has been ranked as the happiest country in all of Asia and the eighth happiest  country in all of the world, according to Business Week. It measures people’s quality of life, and makes sure that “material and spiritual development” happen together. But, how exactly does happiness in a country translate to happiness in a business?
Small steps like having a Happiness Qualitative Quarterly report can go a long way in cementing the base for a company. The relevance of happiness in companies is indispensable. Laszlo Bock, Google’s Chief Happiness Officer (CHO), considers that nurturing people in your organization doesn’t require expensive perks or touchy-feely gimmicks — it’s about motivating, engaging and listening.

After some more research, we came across the following stats:

  1. Companies with happy employees outperform the competition by 20%
  2. Happy employees are 12% more productive
  3. 67% of full-time employees with access to free food at work are “extremely” or “very” happy at their current job
  4. Happy salespeople produce 37% greater sales
  5. 36% of employees would give up $5,000 a year in salary to be happier at work
  6. Close work friendships boost employee satisfaction by 50%
  7. People with a best friend at work are healthier and 7x more likely to engage fully in their work
  8. Only 42% of employees are happy with the rewards and recognition their company offers.

The answer to the initial question? People.
The employees of your workplace define the workplace.
Happiness is one of the most crucial factors that defines how your company functions. If the employees are happy, they will want to perform and lead your company to success. It’s not always about focusing on the profits/loses or the targets/achieved, it’s also about the Happiness Index of your company. 

It’s important to understand that while the core of your business is still unique to your own company, the value that your company offers to people, whether employees or customers, is absolutely essential to aid the core of your business. 

Do you think companies should publish Happiness Reports along with their Annual Financial Reports?
What steps would you like to take, in order to boost your workplace?

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