Happiness and the Workplace

Do happier workers work better? 🌻

Born in the 1930s, the human relations movement started exploring the link between employee wellbeing and workplace productivity. Since then, we have seen these two develop a stronger and stronger correlation. 🔗

With tightening budgets spread across an ever-changing business landscape, businesses are now asking the question – does higher employee wellbeing have tangible benefits on the bottom line? 💰

A new study by the London School of Economics and Political Science of 1,882,131 employees says yes! ✔️

Krekel, Ward and De Neve’s study found a significant, strong positive effect of employee wellbeing on productivity and firm performance. Higher employee satisfaction resulted in higher levels of employee productivity and customer loyalty, and lower staff turnover. Ultimately, the study determined that higher wellbeing at work is positively correlated with more business-unit level profitability. 💹

The 2019 study was conducted across 82,248 business units, originating from 230 independent organisations across 49 industries 😲. This deep dive ultimately showed that there is a compelling business case for prioritising employee wellbeing in the workplace. 👨‍💼

Don’t have a way of improving employee wellbeing? Don’t stress (that wont help the wellbeing stats!). The iyarn app is nearly here and ready to connect employees to their workplaces, to greater wellbeing, and better business outcomes – stay tuned for our launch date! 🚀