Thriving at Work: And why it matters to your bottom line.
We’ve all had to face and deal with a very different working world, especially since the financial crisis and ensuing recession.
Data gathered since 2006, shows that people everywhere feel less confidence, motivation, loyalty, resilience, commitment and engagement.
And whether your local economy is in a state of boom or bust, employees are experiencing similar pressures and bosses can only squeeze until the pips squeak for so long.
But imagine a mindset which enables action to maximize performance and achieve potential in these tough times. At The Fizz Factor, we understand that this is another way of describing thriving at work.
Empirical research, involving 9,000 people from around the world, reveals some astonishing findings. Employees who report thriving and being happiest at work:
Stay twice as long in their jobs as their least happy colleagues
Spend double their time at work focused on what they are paid to do
Take ten times less sick leave
Believe they are achieving their potential twice as much
And thriving at work has big benefits for individuals too. If you’re really happy at work, you’ll solve problems faster, be more creative, adapt fastest to change, receive better feedback, get promoted quicker and earn more over the long-term.
So how can you get to grips with what it’s all about?
Research shows that there are five important drivers that underpin a sense of thriving at work.
This is about what you do, so it’s made up of some of the core activities which happen at work. Like having clear goals, moving positively towards them, talking about issues that might prevent you meeting your objectives and feeling heard when you do so.
You’ll do all this best when you feel appreciated and valued by your boss and your colleagues. So it’s not just about delivering: it’s about doing that within collaborative working relationships too.
This is the short-term motivation both in good times and bad. That’s the key point: keeping going even when things get tough, so that you maintain your energy, motivation and resources which pull you through.
Key to doing this is feeling that you’re resilient, efficient and effective. In fact, our data clearly shows that we’re much more resilient than we are aware but we’re much less aware of how variable our motivation is and how to manage it.
Performance and happiness at work are really high when employees feel they fit within their organizational culture. Not fitting in a job is like wearing the wrong clothes to a party—all the time.
It’s hugely draining and de-energizing. If you’re in the wrong job, you’ll find that the values mean little to you, the ethos feels unfair or political and you don’t have much in common with your colleagues. What’s interesting about our data is that employees like their organizational cultures a lot less than they did in pre-recession times: in particular “generation Y-ers” or “millennial” workers really don’t seem to like what they’re experiencing at work.
So any business which wants to attract and retain top young talent and find the leaders of tomorrow, needs to start addressing this issue today.
Commitment matters because it taps into the macro reasons of why you do the work you do. Some of the underlying elements of commitment are perceiving you’re doing something worthwhile, having strong intrinsic interest in your job and feeling that the vision of your organization resonates with your purpose. We’ve seen commitment decline for the majority of employees post-recession as leaders and organizations think that tuning into this soft stuff is a waste of time.
It’s how you enable your employees to understand why they should make a greater discretionary effort for you. What is important is to recognize that the five factors work as an ecosystem.
That means if one of the five drivers isn’t functioning well, the others will be affected. For example if you don’t feel high levels of commitment, it’s likely that your contribution will be affected. When contribution goes down, conviction, especially the motivation part of it, tends to go down with it. And that obviously has an effect on your confidence too.
Confidence is the gateway to the other four drivers. Too little confidence and nothing happens: too much leads to arrogance and particularly poor decisions. Without greater levels of self-belief, the backbone of confidence, there will be few people who’ll take a risk or try anything new. And you can’t have confident organizations without confident individuals inside them.
And finally, understanding what makes you thive at work and how that affects your performance offers a whole new way of managing yourself, your career and your opportunities.
The Fizz Factor
Call today or click here for a no obligation appointment to discover how well you and your team measure up to the 'thriving at work index' and discover specific actions to improve workplace happiness and high performance results!