The Untapped Power of Measuring Well-being at Work: Live Insights from the Florida Restaurant and Lodging Association's Annual Summit
I recently had the pleasure of being a keynote speaker at the Florida Restaurant and Lodging Association's annual summit. Among the critical points I discussed, one message stood out — organizations and leaders must measure not just results but also employee wellbeing.
Why We Should Measure Happiness at Work
The significance of measuring happiness and well-being in the workplace is backed by research. A recent study conducted by Oxford University in partnership with Indeed gathered data from over 5 million surveys across 1,600 publicly traded companies. The research aimed to measure four key areas:
1. How happy people felt while working
2. The sense of purpose people felt in their work
3. Job satisfaction
4. The level of stress experienced by employees
Combining these elements, each company was given a wellbeing score. Astoundingly, the research revealed that companies with high wellbeing scores are not only more profitable but also show better overall firm performance and are even predictive of future growth.
By focusing on wellbeing, you're not just preventing negative outcomes like employee turnover or low productivity but also encouraging a work environment where people are engaged, motivated, and satisfied. This inevitably impacts other crucial areas like sales revenue and the ability to attract top talent.
The wellbeing of a team is highly influenced by the wellbeing of its leaders. Therefore, as a leader, you also need to focus on your happiness and wellbeing. A happy leader often leads to a happy team, contributing to a positive cycle of growth and prosperity for the organization.
For more insights, tools, and strategies on how to improve workplace happiness and, consequently, business performance, please visit my website
Till next time, be well and be happy!
Tia Graham is an international speaker, best-selling author, and consultant on positive psychology and engagement. She has worked with dozens of global companies, such as Marriott Hotels, Hewlett Packard, and Kashi Foods, to elevate employee engagement and drive bottom-line results. Prior to founding her company, Arrive at Happy, she led teams at luxury hotels in the United States and Europe for brands such as W Hotels, Westin, and The London.
With multiple certifications in neuroscience, positive psychology, and employee retention, and over 14 years of leadership experience, Tia is widely regarded by business leaders in her field. Her insights have been featured in major media, such as CNN, Forbes, and Fast Company, to name a few. Her new book, Be a Happy Leader, teaches her proprietary 8-step methodology on driving productivity and business growth through a culture of happiness.