7 beneficial strategies to improve employee happiness, motivation, and more
While many companies are keen to improve engagement and motivation, they often overlook the importance of general happiness.
Employers reap many benefits from happy employees, including higher levels of productivity and revenue. In fact, one 2020 study found that happier bankers were able to cross-sell better than their unhappier colleagues.1
Fortunately, there are many ways to boost happiness among your teams, and our top seven strategies are:
- Prioritising a work-life balance
- Developing a recognition and reward scheme
- Having transparent and open communication
- Providing career development opportunities
- Offering a holistic benefits package
- Building a healthy culture
- Creating a flexible working policy
To demonstrate the importance of employee happiness, we’ll first cover its positive relationship with productivity. Next, we’ll offer seven strategies to make your organisation a happier place to work. Lastly, we explain different methods of measuring employee motivation and happiness, so you can track how your teams feel throughout the year.
Employee happiness and productivity
Economists know from lab-based studies that on average, employees are 12% more productive when they feel happy. However, this effect can be even greater in real-world environments.2 Take Google for example — they experienced a 37% increase in productivity after investing in employee support and satisfaction initiatives.3
In addition to boosting productivity, making employee happiness a company priority has other benefits, as happy employees:
- Will likely stay at your company for longer
- Have a positive influence on colleagues
- Are more open to career development and learning opportunities
- Take a more innovative approach to working
- Are usually healthier and take fewer authorised absences
However, HR professionals and business leaders may find investing in employee satisfaction and wellbeing challenging, particularly if senior stakeholders are concerned about its impact on profit margins.
In these situations, we recommend pitching a simple reward and recognition scheme, as employees who feel appreciated tend to also be the happiest. With our reward and recognition platform, your teams can send each other recognitions on the go from an easy-to-use app. What’s more, managers can also send Reward points to their employees and which allows them the flexibility to select the reward they want.