Employee happiness: Four statistics & how to implement them
Employee happiness is an increasingly important aspect of the modern workplace. Cultivating a company culture, offering remote work and making healthy options available to your employees is proven to improve a company’s bottom line by a staggering amount.
Companies with happier employees outperform competition by an average of 20%.
How do you go about making sure your employees are happy?
We have gathered a few interesting statistics around employee happiness and how to achieve it at your company.
Great company culture leads to lower turnover
Companies with an established company culture have a turnover rate of 13.9% compared to 48.4% at those without.
Company culture may be considered the basis of employee happiness. The culture is comprised of the values, vision, beliefs, systems and habits of a company.
A company is often born with its culture already in place through their mission, values and beliefs. Once a company acquires employees, they may build on this culture by implementing systems. This can include the day-to-day dress code, the level of transparency, continued learning programs, team outings and more.
Decide what sets your company apart. Take some time to identify and highlight what makes your company unique. From there, decide how to convey that culture both in everyday practices and in the long-term with your employees.
Having a rich and defined culture will make your employees more likely to become ambassadors for your company, which is an invaluable asset.
Having employees who are not only aware of the company’s mission statement, but actively engaged in it, will lead to great retention and strong referral hires in the future.
Remote employees are happier employees
63% of the happiest workers telecommute, work remotely or work some combination.
Flexibility has become a huge issue for many employees.
With so many incoming candidates deeming it one of the most (if not the most) important aspects of a new position, flexibility has become an aspect of employee life that is being embraced at companies big and small.
The emphasis of balancing work and life has pushed many companies to lean away from the traditional 9 to 5 work day. Instead, many companies offer an option to work remotely part-time or even full-time.
In offering this flexibility, employees are able to concentrate and increase productivity on their own.
Employees are more satisfied when they are engaged
Only 32% of workers feel engaged at their jobs.
Employee engagement is sometimes confused with employee happiness. While they are different things, they are not mutually exclusive. Employee engagement is often a symptom of employee happiness and vice versa.
Keeping employees engaged requires more than a stacked paycheck and dental benefits.
While pay is (and always will be) important, employees are most happy when they are providing and are recognized for the real value they provide to the company.
Check in about employees’ work loads to ensure that they are neither bored nor over-worked. Use these check-ins as an opportunity to appreciate your employee for work well-done. Regular communication, organization, fair treatment and good compensation are the stepping stones for optimal employee engagement.
Healthy employees reduce absenteeism
Good health reduces absenteeism by 27%!
Attendance is typically improved because of two reasons.
The first, obviously, is that employees who eat well and regularly exercise are less prone to falling ill.
Second, good health also inherently breeds happier people with more energy. Workers hopped up on good health are typically less likely to phone it in on account of “just not feeling it.”
There are many ways to promote healthy lifestyles in an office without becoming a fitness cult. Simply offering healthy snacks is a great place to start. Replace the potato chips and doughnuts with almonds and dried fruit. Offices with in-house meals may also offer healthy options, giving the option of a well-balanced meal.
You might also host a team competition for most steps walked, miles run or burpees…burped?
You can even host a competition for a good cause with apps like Charity Miles.
Employee happiness is an integral part of any successful business nowadays. Ignoring it will lead to high turnover and profit loss along with cultural failure.
Any other ideas on how a company can improve its employee happiness?
Caileen is a content marketer for Proven. When she is not blogging or tweeting, she likes to curl up with a good book or go for a run in Golden Gate Park in San Francisco.