Can improving the happiness of your employees help to improve your company’s bottom line? The answer, according to author and renowned businessman Mark Price, is a resounding yes – and he’s shared his strategies for achieving this winning formula in organizations across the world in his new book, Happy Economics.
Price is the founder of the global employee engagement platform WorkL and a business leader with over 40 years’ experience steering the ship at some of the UK’s biggest retail brands, including as the Deputy Chairman of the John Lewis Partnership. He was also formerly a Minister of State for Trade and Investment for the UK Government and has served on various corporate boards, so knows exactly what he’s talking about when it comes to creating commercially successful, happy companies.
In the opening chapters of his new book, Price deftly explains the economic reasons behind the need to prioritize happiness in the workplace and the cost of not doing so; low productivity, retention issues, and many more challenges that not only jeopardize a company’s short-term financial success but their viability for the future. He uses anecdotes and analysis from his own experiences working with companies to improve employee engagement levels to highlight opportunities for readers to approach scenarios with happiness at the forefront of all their actions and plans.
Central to the book are Price’s six steps to workplace happiness, which offer a guide for improving your organization whatever its size or specialism. From empowering staff to become more involved in decision-making to developing stronger working relationships between managers and their teams, the advice shared is actionable and inspirational. There are also discussions on how to measure happiness amongst your employees and why every company needs a happiness plan, with the book providing a blueprint to do both effectively.
There are lots of practical tips for HR leaders packed within the pages. Whether it’s knowing how to re-engage flight-risk staff or understanding what actions could be creating a disconnect in your company culture, Happy Economics offers an expert guide to creating productive, happy teams who are proud to call your business their workplace.
Happy Economics: Why the Happiest Workplaces are the Most Successful by Mark Price is out now, published by Kogan Page.
