Employee Happiness as a Business

I've been very fortunate to have the opportunity to work with some great companies through Less Doing. I've done speaking engagements with companies like Equinox, Little Pim, Omnigon, Mastercard and several others. Basically I come in for a half day and work with various teams to make each individual as productive as they can be both at work and at home. A lot of companies are starting to see the benefits of programs like mine. Consider the following statistics about how businesses finding the financial benefits of better work environments and using happiness as a powerful business tool:

  • How do employees really feel?
    • 43% are stressed out by a heavy workload.
    • 40% feel their job expectations are unrealistic.
    • 43% are dissatisfied with their salary.
    • 34% are concerned about job security.
    • 43% do not see opportunity for growth.
  • Dissatisfaction and stress often lead to absenteeism.
    • Absenteeism is a habitual pattern of absence from work
  • Over half of the 550 million lost working days in the U.S. are stress related.
  • Yearly, the lost work days related to stress cost approximately $30 billion
  • More detrimental is the occurrence of
    • Presenteeism
      • The occurrence when a worker is physically present in the workplace, but lacks productivity.
    • 60% of workers attribute reoccurring instances of presenteeism to stress.
    • Each year, lost productivity resulting from presenteeism costs the U.S. approximately $200 billion.
    • Difficulties finding a suitable work environment can also contribute to presenteeism.
      • “Not fitting in a job is like wearing the wrong clothes to a party- all the time. It’s hugely draining and de-energizing. “- Jessica Pryce-Jones, CEO and founder of the iOpener Institute.
  • Has Management been able to help?
    • 83% of employers NOT able to accurately guess the amount of stress and anxiety in the workplace.
    • 80% of senior managers with no knowledge of a formal policy dealing with stress and mental health.
    • 14% of senior managers who have a formal mental health policy and feel that it has been effective.
  • The wonderful effects of Happiness
    • ‘A lot of people think [happiness] is fluffy…’ but it’s what built Zappos into a $2 billion business. ‘- Sunny Grosso, Culture and Brand Boss of Delivering Happiness LLC, as interviewed by Lydia Dishman
  • Improves work relationships and environment.
    • 58% more likely to voluntarily help their colleagues.
    • 98% more strongly identify with the company culture.
  • Improve performance and efficiency.
    • 40% more time focused on tasks.
    • 65% more time feeling energized.
    • 55% more effective in their efforts.
    • 155% more satisfied with their efforts.
    • 85% more efficient with their time.
    • -6 less sick days per year.
  • Save Money
    • Happy employees stay twice as long in their job, cutting costs on recruiting.
    • Each year, maintaining happy employees could cut labor turnover costs in the U.S. by $2.3 billion.
    • Maintaining happy employees decreases sick leave by 67%.
  • Grow the business
    • Happy employees are 186% more likely to positively promote their company and reach out during networking opportunities.
    • Positive environmental factors, including an increase in performance, better working relationships, and trust in management yields and increase in business innovation by 300%.

If you think your team could use a little bit of The Art of Less Doing, get in touch.