Employee happiness is one of the keys to success.
If you have employees that are engaged, the company grows and performs almost perfectly. If you don’t have happy employees or disengaged employees, your business suffers. No one is satisfied, including management, and nothing productive ever gets done.
There’s no way for a company to be a real leader in any industry without employee happiness. If you want the most talented people, you need to have an environment that is conducive to engagement.
Below, I’ll share 3 great benefits of having happy employees.
1. Employee Happiness Creates A Great Atmosphere
Employee happiness is important for a company’s long term success.
If you want to grow your business, you need to have an amazing environment, that encourages collaboration, encourages employees to be autonomous, and encourages everyone to try new things.
One of the hardest parts about running a company, is attracting and retaining great talent.
The only way to realistically do this, is with a great atmosphere, where employees are happy about coming into work, and want to perform their best. If employees are demotivated, feel stressed, or are insecure about their job security, the results will start to show.
According to the Bureau of National Affairs, $11 Billion is lost annually due to employee turnover.
One of the best ways to create a great atmosphere, is to give employees a sense of freedom. Don’t micromanage them, and let them shine. They might not think exactly the same as you, but that might be a good thing.
2. Customers Love Amazing Companies
Too many managers don’t seem to be able to make the link between happy employees and happy customers.
I fully agree that the customer is always right, and you should do everything possible to please your customers, but who do you think is dealing with these customers?
Treat your employees well, they’ll be happy, that happiness will make them go above and beyond for your customers. It’s such an easy formula for success.
According to Monetate, 73% of consumers would consider purchasing from a brand again if they had a superior customer experience.
A great way to ensure this type of success is to get everyone in the company understanding how important customer service is. Teach employees that customer service isn’t a department, it’s an attitude. It’s about how you approach most decisions in all department. Ask yourself, “will this be good for all for our customers, long term?”
Employee happiness isn’t just for your employees. It makes good business sense.
3. Employee Engagement is Phenomenal For Business
Let’s look at some data…
A study of 64 organizations revealed that organizations with engaged employees achieve twice the annual net income of organizations whose employees lag behind on employee engagement.
According to Gallup, companies with engaged employees outperform those without by up to 202%
Another interesting thing for profits, is that employees that are engaged aren’t motivated entirely by money.
Of course you have to pay them a fair salary, but the beauty is that happy employees care much more about intrinsic motivators, than things like money.
The key to getting this part right is through team building and collaboration. Let the team group together as they wish, don’t micromanage, and don’t impose your management style.
Accepting failure, and encouraging tests and new ideas from your employees is a great way to improve and innovate the company for the long term.
If you get employee engagement right, your company’s productivity will go through the roof, and the possibilities of scaling and exponentially growing the company will be there. Without employee engagement, employee happiness isn’t possible.
Your turn. Why do you think it’s important to have happy employees?
Let us know in the comments!
If you need to cheer up a bit, try listening to “happy” music: