The Secret to Keeping Your Hybrid Team Happy

It matters if the people you work with are happy

Does it matter of the people you work with are happy? Trust me, it does.

Economists at the University of Warwick carried out a number of experiments to test the idea that happy employees work harder. In the laboratory, they found that happiness made people about 12 percent more productive. The takeaway: Positive emotions invigorate people.

Another study looked at whether morale made a difference in company value. They separated large organizations into high, medium, or low morale categories, with high morale defined as 70% or more of employees expressing overall job satisfaction. The findings? Happy workers grow company value. The stock prices of companies in the high-morale group grew 19.4%, compared with only 10% for the low/medium morale group.

The value doesn’t stop there. According to a Gallup State of the American Workplace study, employees with high overall “well-being” have 41% lower health-related costs compared with employees who are struggling, and 62% lower costs compared with employees who are “suffering.” And a study by Willis, Towers, Perrin found that higher employee engagement, productivity and morale contribute to major financial returns and competitive advantages.