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Is Happiness a Luxury Small Businesses Can’t Afford?

As I am preparing for next week’s “Leveraging the Science of Happiness at Work” presentation to the Rogue Valley Society for Human Resource Management (SHRM), I’m reflecting on a comment a Facebook friend made the other day when I shared results from a Wall Street Journal survey on happiness in the workplace.

She wrote, “As a small business-owner, no matter the type of business, my primary concern is to make a living, to pay my staff, my taxes and my vendors. Since 2008 when the recession slammed all of us, it’s been a very, very hard slog. Like many other businesses, we’ve laid off employees and we’ve cut costs to the bone. I’m concerned about survival – of my business and of my family. Frankly, ‘happiness’ on the job is merely a luxury, an afterthought that I cannot afford.”

I expect that many people are feeling the same way. What business owners don’t understand is that happiness at work – defined as “a mindset that enables action to maximize performance and achieve potential” – actually saves them money.  In fact, research has proven it can enhance revenue.

Empirical research by iOpeners Institute for People and Performance, involving 9,000 people from around the world, reveals some astonishing findings. Employees who report being happiest at work:

  • Stay twice as long in their jobs as their least happy colleagues
  • Spend double their time at work focused on what they are paid to do
  • Take ten times less sick leave
  • Believe they are achieving their potential twice as much

This means greater outcomes and profits for employers.

And the “science of happiness at work” has big benefits for individuals too. If you’re really happy at work, you’ll solve problems faster, be more creative, adapt fastest to change, receive better feedback, get promoted quicker and earn more over the long-term.

So the next time start to feel that happiness at work is a luxury you can’t afford, think again. Give me a holler if you’d like to see how you can be happier at work. I’ll provide a free individual or team happiness assessment to the first person that contacts me.

 

 

 

Most employee problems are directly related to . . .

I’m presenting tomorrow at the University of New Mexico’s Mentoring Institute Conference on Leveraging the Science of Happiness at Work. Excited! Also doing a poster session and getting my paper published in the proceedings. A copy will soon be on this website.  

Today’s offerings opened with renowned researcher and publisher David Clutterbuck. I was pleasantly surprised that most of what he said was a refrain of the learning and research I have been doing – always nice to confirm!

He is colorful and has some pretty interesting points of view. 
1. Most employee problems are directly related to their supervisors. 
2. If succession planning works, then why do the wrong people keep getting to the top (I think his next book is on succession planning). 

Also, he shared some very powerful questions to use in coaching. 
1. What’s the risk in succeeding?
2. How many lies are you telling yourself about this?

He noted that men and women consistently tell themselves different types of lies. I invite you! Who wants to guess what the differences are?

 

If Happiness Drives Performance, How Do I Get Happy at Work?

In Happiness at Work: Maximizing your Psychological Capital for Success (2010), author Jessica Pryce-Jones takes her research with more than 3,000 respondents from 79 countries and gets to the heart of what drives happiness and (this is so cool!) found that happiness drives performance.

Happiness at work is defined by Pryce-Jones as a mindset that allows individuals and organizations to maximize performance and achieve their potential. This happens during the highs and low—when working alone or in teams. By mindfully making the best use of the resources you have, you overcome challenges. This not only builds your happiness but also that of others—who will be affected and energized by what you do.

Happiness predicts employee time on task, intent to stay in job, sick time, motivation, engagement, satisfaction, self-belief, and respect for self and others. The Performance-Happiness Model, which was developed based on the above research, has been successfully applied in more than 8,000 cases.

The Performance-Happiness Model

Performance Happiness Model VAt the center of the Performance-Happiness Model is believing that you are achieving your potential. This is important because that belief makes you happy, and the statistics around happy versus unhappy employees are staggering.

Pryce-Jones’ research (2010) shows that the happiest employees compared to their least happy colleagues:

  • are 47% more productive;
  • take on average 1.5 sick days per year compared to the United States average of 6 days per year (in the public sector the sick days range from 11 to 20 days per year);
  • are 108% more engaged;
  • are 50% more motivated;
  • have 180% more energy;
  • have 82% more job satisfaction;
  • are 25% more efficient and effective; and
  • have 25% more self-belief (pp. 28 – 29).

The five strong factors important to achieving your potential at work are the 5Cs: contribution, conviction, culture, commitment, and confidence. Three vital sub-themes giving additional perspective of happiness are trust, recognition, and pride.

Stay tuned as I explore the 5Cs, trust, recognition, and pride in upcoming blogs. And please share examples from your workplace on how you’ve seen the Happiness-Performance Model in action.

 

References

Pryce-Jones, J. (2010). Happiness at work: Maximizing your psychological capital for success. West Sussex, United Kingdom: Wiley-Blackwell.