As a business owner, you probably (hopefully) want to see your employees happy. But did you know employee happiness matters for your business’s bottom line, too? Joy is part of all aspects of our work at MBD Marketing & Events. Here are seven reasons employee satisfaction is crucial for business success. Happy employees are more productive Happy employees are 12% more productive than their dissatisfied counterparts (Snacknation). Happiness is an invigorating, motivating emotion. In fact, employee satisfaction has a greater impact on performance than financial incentives. In fact, nine out of 10 employees would trade a percentage of their salary for “meaningful work” and positive company culture (Harvard Business Review). Research shows that people who are happy at work are more collaborative, more creative, and better at problem-solving. (Sound like a team you know?) Coworkers who are happy in the workplace and who get along well are more likely to work effectively to achieve common goals. Greater happiness = greater sales Like with productivity, greater happiness translates to greater sales - by 37% (Gallup). Not only have we determined that engaged employees are more productive, but that positive attitude resonates with customers. Potential customers or clients are much more likely to commit when interacting with upbeat salespeople. Companies with happy employees outperform their competition Not surprisingly, companies with happy employees, better productivity, and greater sales outperform their competition in all areas. Fortune’s “100 Best Companies to Work For” enjoyed a raise in stock prices of 14% per year from 1998-2005, compared to 6% for the overall market (Forbes). Positive workplace culture creates a beneficial snowball effect by creating happier employees who in turn contribute to a better workplace climate. The Harvard Business Review notes, “Decades of data have confirmed that higher employee engagement, or the strength of the mental and emotional connection an employee feels toward their workplace, has many positive benefits — including reduced stress, improved health and job satisfaction, as well as increased productivity, job retention, and profitability.” Engaged workers are less likely to look for new employment Happy employees want to stay with their companies. Losing an employee costs a company 1.5 to two times that employee’s salary (BuiltIn) and leads to decreased productivity and decreased employee morale. In addition, happy employees attract top talent. The most in-demand employees in any field have their pick of companies to work for, and company culture is the top priority for most workers. High-quality employees attract other high-quality workers. Happy workers have fewer accidents Satisfied employees produce better quality products and services and have 50% fewer workplace accidents (Lorman). Happiness leads to higher engagement, which leads to greater focus and motivation, and in turn, fewer mistakes at work. Employees who are worried, stressed, or distracted at work are at the highest risk for quality and safety mishaps. Happy employees take fewer sick days Sick days are a business expense, and employees who report being happy at work take 10 times fewer than average (iSmartRecruit). The Integrated Benefits Institute found in 2019 that sick days cost employers an average of $3,900 per employee in lost productivity. When unhappiness in the workplace increases, so do sick days. What happens when employees are unhappy at work? A 2013 State of the American Workplace Report estimated that actively disengaged workers cost the U.S. $450-550 billion per year (CBS News). Here are some other alarming statistics about employees who are unhappy at work:
For more business success tips and ideas, follow MBD Marketing & Events on Facebook, Instagram, and Pinterest. Making Business Personal
As a connected collective of experts, My Big Day specializes in creativity. With superior organization, marketing experience and original ideas, we pull off amazing events and campaigns! My Big Day makes business personal by bringing JOY to the job in everything we do. As purveyors of fun with My Big Day, we support businesses and individuals in the growth of their ideas, events and marketing strategies. Our creative aptitude allows for unique ideas. Our passion for perfection makes every client a priority! Contact MBD Marketing & Events *** Bringing Joy to the Job *** Phone: 970-613-1455 or 303-886-3068 Email Us What is a corporate recipe for success when it comes to building healthy and successful professional (workplace) relationships? A sprinkling of a positive company culture that promotes interaction and connection between coworkers. How do employers promote these connections? Easily through team-building activities and exercises. Team building exercises or activities are games, meetings, experiences and events that are designed to motivate group members to get to know and respect each other - often times on a different level that what they are used to in the office. While often silly or far from “work-related”, team-building exercises are activities that are thoughtfully designed to encourage teamwork. They produce a variety of benefits, including - thoughtful communication between participants (coworkers), motivation to try new approaches to problem solving, creative thinking, and building trust. The 5 main types of corporate team-building Ultimately, the activities you choose to focus on depend on your goals. Some experiences are strictly designed to foster relationship building, while others focus more on developing specific skills. There are 5 main types of team-building:
Icebreakers Quick games and icebreaker activities are a great way to kick-off a professional gathering. They are often used to motivate employees to participate. Some easy meeting icebreakers are:
Communication Activities that focus on healthy and thoughtful communication patterns are a great way to develop strong communication skills in a low-risk environment.
My Big Day Marketing & Events has developed a variety of scavenger hunts for corporate clients – some focusing on the communication part, some focusing on fun.
Problem Solving Activities that focus on creative problem solving often lead to better results in the workplace. Escape Rooms could again be used to hone these skills, but here are a few other activities that will help your group find creative solutions to challenges:
Creative Thinking Encouraging creativity in play often translates to success in the board room!
Employee Bonding Happy people produce good work! You can encourage relationship building outside of the office with these suggestions:
My Big Day Marketing and Events has a team of professional planners and facilitators who can help you plan engaging activities for your team. We can develop an itinerary that will help you reach your team-bonding goals, which in turn will help you find success - both in and out of the office! For more inspiration, you can check out these curated Pinterest Boards dedicated to Company Retreats and Adult Party Games. You can also follow us on Facebook, Instagram, and LinkedIn for updates and tips. Small Business. Big Impact.
As a connected collective of experts, My Big Day specializes in the creative touches so many marketing campaigns & events these days are lacking. With superior organization, marketing experience and original ideas, we pull off amazing events and campaigns! Allow us to WOW you and your guests! As purveyors of fun with My Big Day, we support businesses and individuals in the growth of their ideas, events and marketing strategies. Our creative aptitude allows for unique ideas. Our passion for perfection makes every client a priority! Contact MBD Marketing & Events Small Business. Big Impact. Phone: 970-613-1455 or 303-886-3068 Email Us We serve the entire Front Range; Denver, Southern Wyoming, the CO Mountains, and Northern Colorado: Loveland, Fort Collins, Greeley, Windsor, Berthoud, Estes Park, Lyons, Longmont, Boulder, Wellington, Johnstown, Evans, Severance, Timnath, Mead, Frederick, Firestone, Milliken |
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