International Happiness Day

International Happiness Day was on the 20th of March“a day to inspire action for a happier world”. Whilst this day is dedicated to spreading well-being and making people happy, maybe it’s time to reflect on the happiness within your own organisation.

 

“The theme of this year is ‘Keep Calm. Stay Wise. Be Kind’ and is, of course, in response to the COVID pandemic.”

 

The science of happiness continues to be one of the most valuable areas of study, even more so when you consider that 1/3 of our lives are spent in employment and a survey by Deloitte pointed out that less than 20% of Australians were happy at work at the end of 2019.

‘Happiness is no longer a nice-to-have, but it is a must-have’ in organisations, where the wellbeing of employees ultimately affects a workplace and business performance. So last year we ranked 12th in Australia for Happiness as a whole, can improving people’s work lives through wellbeing initiatives increase this statistic in years to come?

 

World Happiness Report 2020.

 

Gone are the days when employee wellbeing programs focuses solely on investing in the physical health of their workers. Leading employers of today are implementing mental, emotional and financial health strategies into the workplace, especially with research revealing that financial concerns are the biggest cause of stress amongst employees.

To be precise, Gallagher’s Employee Financial Confidence Report revealed that 7 in 10 employees spend time at work on personal finance concerns every week, costing the economy $47 billion every year in lost productivity.*

Gallagher’s Employee Financial Confidence Report 2020.

 

Financial Literacy can hold the key

According to the Society of Human Resource Management, incorporating financial literacy into the workplace allows employees to be less stressed and more focused, increasing productivity and ultimately retention.

So in staying true to the theme of this International Happiness Day, STAY WISE and consider positive actions that may support your people’s well-being and drive a happy workplace.

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Have you considered expanding your benefits program to focus on financial literacy, to reduce stress and anxiety, drive productivity and become an employer of choice?

Australians should feel empowered in all aspects of their lives and ultimately, cost-effectively cultivating employee financial confidence is an investment in a better future for all.

Have a question about Financial Literacy? Get in touch to find out more on how we can help you and your people. 

 

*Gallagher’s Employee Financial Report

 

 

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