World Happiness Agora - Future of Work
On March 21st, 2019, join us at World Happiness Agora to learn how to create working environments where we can maximize potential.
We spend a significant amount of time at work. Full-time employee report working an average of 47 hours per week. If you’re getting your recommended 8 hours of sleep a day, this means you’re spending more than half the time you’re awake engaged in work. On March 21st, we will discuss the importance of employment, the effects of unemployment, and why improving work environments can significantly increase well-being and happiness.
The Role Employment Plays to Achieve Happiness
Whether you work full-time or part-time, employment provides you with a sense of purpose. It makes you feel structured. The thought of belonging occurs regardless of whether you enjoy your job or not. Therefore, the security and stability of employment in itself is enough to make people feel valuable.
Being unemployed also dramatically affects people; it lowers their morale and confidence. They feel sad, angry, and embarrassed. They think they’re not contributing to society. Their self-esteem and self-confidence suffer.
Improving the Quality of Work and Well-Being
Where we work and how we work influence our well-being, making the time we spend at work and workplace quality crucial drivers for our happiness. However, the unfortunate reality is that despite how important work is in the lives of people, most fail to see how happy it can make us. Many don’t realize that by changing our perception or taking action, we can make the work experience more enjoyable and improve our level of well-being.
Employers also need to do their part to ensure their employees are satisfied. When employees are happy with their jobs, they are more loyal and engaged. They are less likely to accept a competing offer. And they contribute to a positive work environment that promotes productivity.
There are many factors involved in attaining job satisfaction, and it differs for each. As expected, pay is a crucial determinant. However, it is more than just a matter of high wages, but fair compensation for the work performed. Other elements contributing to job satisfaction are working hours, skills match, opportunities for advancement, interpersonal relationships, and job security.
Most people seek work-life balance; however, it remains elusive because of working hours mismatch. People have different preferences for how much they want to work and the total number of working hours. And because not all employees can easily meet individual choices on the number of labor hours and leisure hours, operating hours mismatch remains a cause for job dissatisfaction.
At the World Happiness Agora, we'll go deeper into the discussion on the #FutureofWork and what organizations can do to cultivate company cultures that promote job satisfaction and the importance of work and workplace quality for well-being. We also know how vital employment is and how it impacts welfare and morale, therefore, job creation should be a priority for policymakers.