HAPPINESS AT WORK: THE TOP 5 THINGS PEOPLE REALLY CARE ABOUT
- In the current economy (and through time) common knowledge tells us, "Just having a job should make you happy". Yet, mere employment alone has never been enough to keep employees satisfied over time.
- Why does happiness at work matter? Well, check out what a recent Gallup poll tells us: 1) Engages, happy employees are 2 times more productive than those who aren't; 2) Disengaged workers cost US businesses an
estimated $300 billion annually in lost productivity.
- So, what do people really want from their jobs? here are five ingredients for career happiness (in no particular order).
#1 Flexible work schedule
- Definitions of a "flexible work schedule" vary depending on industry and individual. However, an overwhelming majority of US workers say they would want a flexible work schedule.
- 80% f workers believe having a flexible job is healthier.
- 50% of workers believe that flexibility is more important than job title.
- The importance of a job's location and the commute has become more and more important over the past couple of decades as the telecommuting trend has exploded. While the jury is still out over effectiveness of
telecommuting vs. working in the office, many companies have tried to make their office environment more fun in order to compete with those home offices.
- Google offices come stocked with a rock climbing wall, several pools, campus gyms and free lunches.
- Employees save on average about $2500 each year by telecommuting just one day a week.
#3 Company culture
- Company culture is listed as one of the most important reasons why people are happy in their jobs. Great culture is about working with like-minded people, in an engaging and motivating environment.
- Applicants will accept a 7% cut in salary if they find a good cultural fit.
- Departments with cultural alignment have 30% less turnover.
#4 Professional growth opportunities
- One of the main complaints employees have about their job is that they feel "stuck". Either they don't feel like there is an opportunity to grow in the company or they don't feel like their company is interested in their
personal learning and development.
- Career growth opportunities are consistently listed in the top 5 most important benefits by Generation Y and Millennials.
- Workers who get to work to their strengths are 6 times more likely to report an excellent quality of life than those who don't.
#5 Recognition & acknowledgment
- Acknowledging your employees' accomplishments (from a "nice job" comment, to an award) is a great way to let people know they're valued and they matter. Asking employees for their input opinion is another important
form of recognition. Moments of recognition also let employers connect with employees on a more individual level.
- 32% of companies reported that top performers at their company left their job in 2012.
- 50% of workers believe increased employee recognition would reduce voluntary turnover.
LiquidPlanner | Sources: Monster.com; FlexJobx.com; CareerBuilder.com; Cisco; CDC; APA.