As we delve into Aristotle's timeless wisdom, today, simply offering a top-ranking position or higher salary brackets is not enough to retain talent and boost organisational productivity. Given the evolving nature of businesses in the competitive market, employee satisfaction and happiness are among the most important factors in running a successful company.
Prioritising workplace happiness is essential for building a sustainable and successful business culture. It forms the foundation of a thriving organisation, impacting productivity, engagement, and employee retention significantly. When employees are happy, they perform better and contribute positively to the overall work environment.
Let’s explore the significance of employee happiness in the workplace, its impact on businesses, and everything else you may need to know.
Could Happy Employees Be the Key to Successful Organisations?
Definitely! A happy employee is 31% more productive than an unhappy one. It is observed that employees are more likely to leave their jobs when they're unhappy in the company. A higher employee turnover rate means you have to spend more time and money posting new job openings, interviewing candidates, and then training them.
In contrast, a happy workplace ensures:
Higher productivity and performance
More innovation and creativity
Good employee retention rate
Lower turnover rates
Improved customer service
Enhanced work culture
Insights into Happiness Levels Across Tenure, Sectors, and Organisational Sizes
Rohan Sylvester, Talent Strategy Advisor at Indeed India, noted that when organisations prioritise employee happiness, 88% of them see higher satisfaction levels within their teams. This increased satisfaction boosts job performance and engagement, leading to ongoing business success.
Employees with over 15 years of experience and those with 0-2 years have shown different levels of happiness. Long-term employees might experience stagnation and dissatisfaction, while newcomers could struggle with integration.
Sectors like FMCG, IT/ITeS, Consumer Durables, and Retail report higher employee happiness compared to industries such as Automobile, Logistics, and Construction & Real Estate, likely due to factors like stability and growth opportunities.
In terms of organisational size, small and large companies generally maintain higher employee happiness, while medium-sized companies face more challenges in this area.
Ways to foster workplace happiness among employees:
Ensuring that your employees are happy and satisfied with their jobs doesn't have to be complicated or costly. The key is to understand your team, create opportunities for them to voice their needs, offer growth prospects, and sincerely value their feedback. Here are some effective ways to keep your employees engaged and happy:
1. Personalised onboarding experience
An effective onboarding process is key to creating memorable and meaningful experiences for new employees. Research from the Brandon Hall Group indicates that personalising onboarding can improve employee retention by up to 82%. Instead of a one-size-fits-all approach, a tailored onboarding experience can have a significant impact.
Mandaala’s onboarding module is designed to build workplace happiness by providing a seamless and engaging experience for new hires. By automating and streamlining the onboarding process, Mandaala helps new employees feel welcomed, supported, and valued from day one.
How does this module make HR’s work simple?
Customised kits are offered for dedicated solutions.
Employee portal available for easy customisation and ordering.
Commitment to on-time delivery for employee convenience.
Flexibility and adaptability to cater to the unique requirements of hybrid work environments.
Comprehensive reports dashboard for real-time tracking and insights.
Streamlined operations with efficient inventory-free processes.
According to a SHRM Foundation study, a thorough and well-planned onboarding process can boost employee efficiency by 60%. The goal of the employee onboarding process should be to make every new hire feel valued and appreciated by the company. It affects output in addition to creating a lasting impact on the employees.
2. Encouraging work-life balance & flexibility
Promoting a healthy work-life balance and offering flexibility in work arrangements are key factors in ensuring employee happiness. Work-life balance enables employees to allocate time for activities outside of work that bring them joy, whether it's pursuing hobbies, travelling, spending time with loved ones, and more. This balance not only allows employees to unwind and manage stress effectively but also enhances their productivity and creativity.
Communicate to your employees that you value adaptability and encourage them to approach you with any concerns. With flexible work arrangements, employees can, for example, attend their child's parent-teacher meetings or go out to watch them playing sports and catch up on work during off-hours, be it later that evening, the next morning, or over the weekend.
3. Provide a better company culture
Companies with growth opportunities and good cultures have better employee satisfaction and productivity rates. Every organisation must include rewards and recognitions in their culture to celebrate their employees.
So, how can you bridge the gap? By having your company’s brand store! Mandaala’s brand store solution works as your mini e-commerce store, filled with everything that complies with the company’s branded merchandise. It is an exclusive store and can be promoted for employee engagement and showcasing employee pride and value.
What are the benefits of having your brand store?
Employees can order independently
Use coupon codes and gift vouchers
Personalised merchandise options
Pre-approved prices for all merchandise
No inventory management for most products
Single Quantity Order
Doorstep delivery across India
Cost-effective rewards.
Having your own branded merchandise store will improve your operational efficiency but also boost employee engagement, with them much more likely to consistently engage and express affiliation with your organisation.
Conclusion
Prioritising the happiness of your employees is not just a feel-good initiative, it's a strategic investment in the success and sustainability of your organisation. By understanding what drives happiness among your employees and implementing effective strategies to enhance it, you can unlock a multitude of benefits, from increased productivity and innovation to lower turnover rates and improved customer service. Corporate gifting is one of the ways to achieve workforce happiness.
Curious to learn about impactful gifting solutions to delight your employees? Look no further than Mandaala. Explore the innovative solutions offered by Mandaala by scheduling a meeting with us today. Revolutionise your gifting process and leave a lasting impression on your team. Click here to get started!
