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Why Employee Happiness Matters
Professor Alex Edmans of The Wharton School of the University of Pennsylvania discovered that businesses with high levels of employee satisfaction perform better than those without. Research from the University of Warwick says happiness makes people 12 percent more productive.
And yet a report from Gallup demonstrates that 63 percent of employees today are ‘not engaged’ (24 percent are ‘actively disengaged’) in their jobs. This essentially means that 87 percent of employees have no passion for their work, lack motivation to get the job done and are unhappy. This has an impact on the bottom line, too – according to Tower Perrin, companies with a low level of employee engagement have a 33 percent annual decline in operating income and an 11 percent annual decline in growth.