What makes a successful business rise to the top is its workforce. What makes a strong team? Well, it’s certainly not by controlling your employees and treating them how you please because you “pay them enough.” It’s by having the power to inspire your employees as not just a boss but a great human being. You have to cultivate a culture where each person can look forward to coming into work each day. People don’t realize that positive emotions not only stimulate human beings but allow them to be more productive. A team of economists led by Andrew Oswald, a professor at Warwick Business School, developed a study to prove this theory.
They found that happiness led to an increase in productivity by 12%, while unhappy workers declined at 10%.
“We find that human happiness has large and positive causal effects on productivity. Positive emotions appear to invigorate human beings, while negative emotions have the opposite effect.”
Professor Oswald along with two other scientists proved that businesses who invest in employee satisfaction have an overall higher success rate than those who don’t.
Shawn Anchor, the author of The Happiness Advantage, has found that the brain works much better when a person is feeling positive. He believes that this is when individuals tend to be more creative and better at solving problems as well as more effective collaborators working towards the common goal of making your business better. This is why it is so important for us here at Collective Ventures to maintain a culture where we can encourage self-growth and inspiration in others.
Anchor truly believes that the incentive for organizations is clear-cut:
“Happiness leads to greater levels of profits” for companies that take the right steps.