Myth or Science? \"Happy Workers Means Happy Profits\" There are exceptions, of
ID: 1154093 • Letter: M
Question
Myth or Science? "Happy Workers Means Happy Profits"
There are exceptions, of course, but this is basically true. A glance at the top 25 of Fortune's Best Companies to Work For reveals a list of recognizable profit leaders: Google, SAS, Ed-ward Jones, and REI, to name a few. However, all happiness is not created equal.
An employee who is happy because his dog just had puppies isn't necessarily going to work harder that day, for instance. In the same way, some employer happiness-inducers seem unrelated to profit increases, such as Google's bowling alley and Irish pub, Facebook's free chocolate lunches, and Salesforce.com's off-the-charts parties. Profit is not about the established benefits, either, though they're important. Employees can appreciate Marriott's hotel discounts, for example, and research indicates employees highly value paid time off, a defined-contribution retirement plan such as a 401(k), and lower health premiums. But many companies offer their employees these benefits and are nowhere near the Fortune 500.
It turns out that the value of happiness in the profit equation is in the level of employee engagement. As Julie Gebauer, a managing director for Towers Watson, says, "It's not just about making them happy - that's not a business issue. Engagement is.” Job engagement "represents employees' commitment ... and the level of discretionary effort they are willing to put forth at work,” writes Jack in the Box's Senior VP Mark Blankenship. Happy employees with higher job engagement are willing to work hard, make customers happy, and stay with the company - three factors that affect the bottom line in a big way with productivity gains and reduced turnover costs. And many of the Best Companies to Work For report great stock performance. A recent review of 300 studies even revealed that turnover rates resulting from poor attitudes or low engagement lead to poorer organizational performance.
So the moral of the story seems to be, treat others as we want to be treated. Pass the chocolate.
This is a two-part forum post:
Share a story about a situation in which you knew workers/employees were happy with their company and engaged with their jobs.
Respond to someone else and identify what factors you believe sparked such satisfaction and engagement. Overall, why is employee engagement essential to a satisfied workforce?
Explanation / Answer
Employee Satisfaction and Employee Engagement is interrelated to each other Once a company hired a very talented person he had just joined an organization , he was nt satisfied with company culture as watever he does the company is entertaining him they even ever motivated him for any of his work nor giving any other beneefits to him. The most negative part of this organization is that they never engaged their employee in their works.
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