Why employee happiness is good for business

Today is the UN International Day of Happiness, with the theme: ‘Be Mindful. Be Grateful. Be Kind’.

What better day to talk about the benefits of happiness at work! After all, having a happy workforce can have a powerful and positive effect on the overall direction and performance of an organisation.

In this article, we’ll explain how organisations can benefit from employee happiness, and give you some tips on how you can increase the level of happiness in your organisation.

Increased employee wellbeing leads to increased productivity

A study by the University of Warwick found that happier employees are 12% more productive. This is a compelling benefit for employers, as productivity is often a key metric with regards to employee and overall company performance.

Higher retention rates

It’s no secret that staff who feel valued, happy and recognised at work are likely to stay with their employer. Higher retention can boost team morale which also positively correlates with productivity – so all in all a win-win for employers!

More attractive to different stakeholder groups

If employees are happy, this organically radiates with every stakeholder of an organisation.
For example, happy employees naturally improve the customer experience and increase the likelihood that customers will remain loyal. Not only will this boost an organisation’s revenue, but they might even recommend the organisation to their peer group – word-of-mouth is the most powerful marketing tool out there.

If you’re planning on attracting external investors to your business, a happy, productive, engaged workforce can be seen as a valuable asset and may even make your organisation stand out. Investors want to see an existing infrastructure that can be utilised to get a return on their investment. What better way to get them through the door than to show your return on investment in the form of employees who love their work?

Increased business resilience

Every business, no matter how wildly successful they end up being, goes through challenging times. If employees feel appreciated, valued and happy at work, they’re more likely to stick around during these times because they feel like an integral part of the company and want to support the organisation they know and love. This makes the business more resilient to adversity.

How Trickle can help

Trickle provides a safe space for organisations to connect with their people, highlight ideas and give everyone a voice.

We believe that change and improvements shouldn’t just be top-down, so the Trickle platform lets organisations put their people first by facilitating employee-led improvements, allowing organisations to understand what really matters most to their people at any moment in time.

The Trickle workflow lets organisations make meaningful “in-flight” adjustments with measurable outcomes to make positive, impactful changes and better working days, together.

If you’d like to find out more about how Trickle can help improve your people’s happiness, why not book a 30 minute demo with one of our friendly team?