Mark Price asserts that enhancing worker happiness is crucial for improving productivity and resolving economic issues in the UK. He emphasizes that content employees are less likely to leave, thus retaining knowledge and reducing absenteeism, ultimately benefiting organizational performance. Price cites data from the How Happy Are You at Work? survey, indicating that UK workers report lower happiness levels compared to their G20 counterparts. He connects this unhappiness to the UK's low productivity rates and advocates for measures that promote work satisfaction as a means to increase workforce participation and overall economic health.
If people are happy in their jobs they don't leave, you retain knowledge, you have lower levels of sick absence, all of which leads to more profitable and more effective organisations.
Britons are, on average, the unhappiest workers in the G20 group of nations, a fact he believes has a direct link with the economy's productivity problem.
All our research shows that if you are happy in your job, you work harder, you're more productive, you'll give extra discretionary effort.
The people who are happiest have that blend of some time in the office and some time at home.
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