Why Is Financial Wellbeing So Important?
September 6 2018Read more
With the International Week of Happiness at Work fast approaching on the 23rd September, there’s no better time to ask yourself the all-important question: “Are my employees happy?”
By working a five-day working week, the majority of us spend over 70% of the year at work and away from the things that make us happy such as our hobbies, friends and loved ones.
Therefore, it’s vital that your wellbeing strategy is centred around keeping your people happy at work, or you might be putting your organisation’s productivity at risk...
As well as the huge improvements employee happiness makes to an organisation’s workplace culture and reputation, there are several business benefits in investing in your peoples’ morale.
An experiment conducted by the University of Warwick found that happy employees are on average 12% more productive than those who are unhappy. The same study showed that people who have suffered traumatic life events within the last two years proved to be noticeably unhappy at work, and more than 10% less productive than they previously were.
Praise and Recognition: One of the most simple and effective ways to improve employee happiness is by making a point to recognise great work on a regular basis. This can be achieved by the classic employee of the month reward, newsletter announcements or by a one-on-one conversation in the workplace.
Personal development: Many employees need to grow to feel fulfilled and avoid becoming stagnant. You should encourage this ambition by creating bespoke progression plans or by offering free development courses and training days.
Trust: Employees often thrive when they are trusted with responsibility and accountability for their roles. One way to develop this trust is by offering flexible working hours. In fact, a recent study by workforce management software organisation Quinyx showed that a quarter of respondent’s value flexibility at work more than a pay rise.
Make it fun: Relaxing the rules occasionally can do wonders for staff morale. This can include letting your team go home early on a Friday or by hosting dress down days on a regular basis. You could even allow your team members to bring their children and pets into work on selected days to give their happiness a boost.
Employee surveys: It may be a tried and tested method, but employee satisfaction surveys are a great indicator of general staff happiness and workplace morale. You should stress that these surveys are 100% confidential and action any recurring issues swiftly, to show that they are being listened too and positive change is being made.
Regular one-on-ones: On a more personal approach, conducting regular and informal one-on-one meetings with your team members can be a great way to get to the root cause of any underlying issues within your team. Don’t treat these meetings as an interrogation, but as an opportunity for your employees to voice their concerns in a safe, confidential space.
Many of us spend the majority of our waking hours at work. By building trust between you and your colleagues, promoting wellbeing, and rewarding and acknowledging hard work, you will begin to reap the benefits of a happy and more productive working environment.
If you would like to find out more information on any of the topics mentioned in this article, please contact Health Assured on:
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