Earlier this week I spoke to a group of human resources professionals from the Rogue Valley about their most pressing challenges. What rose to the top? Finding ways to retain and motivate good employees without increasing payroll. Why is this important? Because their organizations are trying to do more with less – less personnel, less cost and less time.
I shared some startling statistics with them related to retention, sick leave, time on task and energy levels of the employees – and then I tied it to The Performance-Happiness Model.
Fact: The least happy employees take 5+ sick days per year compared with their happiest counterparts, who take .75 days.
Fact: The least happy employees plan to stay on the job for 1 year compared with their happiest counterparts, who plan to stay 5 years.
Fact: The least happy employees focus on task 20 percent of the time compared with their happiest counterparts, who are working productively 80 percent of the time.
Fact: The happiest employees are 180 percent more energized.
An organization of 100 people with an average pay of $40,000 per year can save more than $650,000 per year in sick pay, employee turnover and lost productivity by increasing employee happiness by just one standard deviation.
How does an organization do this? By employing The Performance-Happiness Model (see https://capiche.us/services/organizational-development/performance-happiness-model for details).
Contact me if you are interested in seeing if your organization could benefit from using this model. I will provide you with a free team report and consultation. You may be surprised!