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Employee happiness and business success are linked

economist.com

41–50 of 228 posts

Re: Employee happiness and business success are linked

#41
post #24
post #21

Serious question, why post something for discussion if it's behind a paywall?

I'll bite because it's a reasonable question. I think linking to paywalled content is allowed because there are fairly easy ways around paywalls, but posting a roundabout directly goes (I believe) against HN policy. An example of how to get around the Economist paywall is already elsewhere in this thread.

I use outline dot com to get around paywall :)

Re: Employee happiness and business success are linked

#42

People are joking in this thread but I think the REALLY BIG problem is that a lot of American workers are increasingly internalizing their compensation needs above other needs like health, happiness, or social well being. When we should be concentrating on a lot of our personal issues, we kick the ball down the road saying "oh when I have more money" or "oh when my career progresses" when we would be much better serv…

Compensation is easily measurable and comparable than something like 'happiness' and wellness. I'm definitely not on the company's side for neglecting company happiness, but it so so subjective and it's probably easier for them to set this standard and have people find happiness and balance in their lives.

Re: Employee happiness and business success are linked

#43
post #20

Earlier quoted context omitted.

In some cases corporate unsuccess leeds to happiness. I've seen this in my case once. And hope that I'll not need to see this again.

Does it go something like: when the company tanks due to mismanagement > shareholder value suffers > employees feel vindicated?

I've seen a simpler version many times -- a chronically under-resourced group overworks itself until people leave and catastrophe strikes, and only then is it funded/etc.

Re: Employee happiness and business success are linked

#44
post #9

Ursine genes and woodland defecation also seem to correlate.

At my last case, the company doing really well put a lot of stress on me to maintain. Overworked and undercompensated, I developed a terrible case of Ursine dementia in combination with Grizzly depression.

Re: Employee happiness and business success are linked

#45
post #40

I've seen these arguments repeatedly, yet I only see this mattering to those companies where employees have a relative level of power and choice (e.g. non-game industry programmers, etc). Elsewhere, the attitude appears to have remained: "use them as much as possible". Consider assistant managers at your local chain store. Pick a chain! Outside of a handful of companies that are well noted for their bucking of the tr…

Why, this makes sense. In every industry, there are employees whose influence on the company success is outsized, and who are hard to hire or train. In software industry, they are experienced engineers and product managers. In a fashionable restaurant, they are experienced cooks. In an airforce, they are experienced pilots and repairmen. Etc. When these people are happy with their work, they achieve great results. Wh…

Another hypothesis that equally well explains the data: employees at successful companies tend to be happy because the rising tide lifts (almost) all boats. Companies that are doing poorly will tend to look to cut staff, wages, and benefits, which could be a source of unhappiness. Etc. I don't really think the evidence presented here gives much reason to believe that seeking the well-being of your employees will do anything for the bottom line. OTOH, it's easy for me to believe that improving the top line will improve your employees' happiness.

Re: Employee happiness and business success are linked

#46
post #40

I've seen these arguments repeatedly, yet I only see this mattering to those companies where employees have a relative level of power and choice (e.g. non-game industry programmers, etc). Elsewhere, the attitude appears to have remained: "use them as much as possible". Consider assistant managers at your local chain store. Pick a chain! Outside of a handful of companies that are well noted for their bucking of the tr…

Why, this makes sense. In every industry, there are employees whose influence on the company success is outsized, and who are hard to hire or train. In software industry, they are experienced engineers and product managers. In a fashionable restaurant, they are experienced cooks. In an airforce, they are experienced pilots and repairmen. Etc. When these people are happy with their work, they achieve great results. Wh…

Most of the happiless business seems susceptible of robotization.

Re: Employee happiness and business success are linked

#47
post #13

They did look at causation: "the authors cite studies of changes within individual firms and organisations which seem to show that improvements in employee morale precede gains in productivity, rather than the other way round." Many of us understand the other causation arrow (corporate unsuccess leads to unhappiness!)

A preceding B does not imply that A causes B, it only implies that B doesn't cause A. Which doesn't really reduce the world of possible causal relationships by all that much, since there may be any number of other factors that weren't considered.

For example, it could just as easily be the case that adjustments to dysfunctional aspects of the company's internal politics improve both morale and productivity, but the morale change becomes apparent more quickly.

Re: Employee happiness and business success are linked

#50
post #28

Earlier quoted context omitted.

By what metric? I have friends that have been working warehouses in Ohio since the early 2000s and they have vented frustrations to me about how Amazon is causing a race to the bottom for warehouse labor. I've heard a lot of horror stories about Amazon warehouses. I'm sure a lot of it is FUD or whatever, but it seems that even Walmart has better conditions.

Have you ever been in a real warehouse? One that's baking in the sun in the summer, no AC because it's too costly, probably 100 degrees inside, no ventilation, pallet dust everywhere and you get a nice inhale when something is moved on the floor, not being in a technologically present company where machines break constantly and you need to do a lot of manual work in these conditions lifting a 35lb box every 8-12 seco…

No true warehouse.
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