Company Culture, Employee Wellbeing, Employee Engagement , Leadership & Management
Key Takeaways:
- Employee happiness: A consistently positive workplace experience supports stronger business performance and long-term organizational success.
- Revenue growth: Workplaces with happy employees average three times the revenue growth of other organizations.
- Employee retention: Positive workplaces experience 50% less employee turnover, helping organizations retain valuable talent and knowledge.
- Business performance: Better workplaces achieve stock market performance that is three times higher on average.
- Workplace leadership: Effective leadership practices can create a strong employee experience without relying on expensive workplace perks.
It is startling how much a company profits from maintaining a consistently good workplace. Here’s a few statistics from our research. A workplace full of happy employees averages:
- 3x the revenue growth
- Their employee turnover is 50% less
- In the stock market, these better workplaces perform 3X higher
In fact, “It’s not about ping pong tables, massages and pet walking;” says Great Place to Work CEO, Michael C. Bush. The key practices are not expensive at all. Any company can do them.
So where are the examples to show us how that kind of leadership that creates profitable, sustainable businesses, regardless of size? At Great Place to Work, we have been working with many of these great leaders and companies for almost 30 years.
The good news is that 1 billion people world-wide already have jobs in great workplaces, so we can learn from them. The bad news is that 2 billion people world-wide are not happy at work. That is a lot of unhappiness. Let’s change that.
About Great Place to Work®
Great Place to Work® is the Global Authority on Workplace Culture. We make it easy to survey your employees, uncover actionable insights and get recognized for your great company culture. Learn more about Great Place to Work Certification.
Frequently Asked Questions:
What makes employees happy at work?
Employees benefit from a consistently positive workplace shaped by effective leadership rather than costly perks or workplace extras.
How does employee happiness support revenue growth?
Workplaces with happy employees average three times the revenue growth, connecting a positive employee experience with stronger business results.
How does a positive workplace affect employee turnover?
Organizations with happy employees experience 50% less turnover, supporting greater workforce stability and continuity.
Are expensive perks necessary to create a great workplace?
Strong workplaces are built through effective leadership practices that organizations of any size can apply without costly perks.
