The Science of Happiness
The science of happiness emphasizes the importance of happiness at home and at work. Studies from leading universities have demonstrated the importance of investing in personal and employee well-being, with powerful, measurable results.
Achieving life goals
According to a MIT research, 80% of individuals engaging in personal coaching sessions achieve their objectives faster.
Other benefits include:
- Increased self-confidence (80% of individuals)
- Improved relationships (73%)
- Better communication skills (72%)
- Increased productivity at work (70%)
Improve profitability
Happy employees are more engaged, 31% more productive and 55% more creative. They are also 9 times more loyal and take 6 times less sick leaves.
Investing in employee satisfaction and can help create a significant competitive advantage and attract top-talent
Improving the performance of leaders
Executive coaching often results in a return on investment (TOI) of 500-700%, with some studies indicating up to a 788% ROI.
The ROI can be measured through individual self-assessment, employee satisfaction manager assessments and employee retention.
Reduce staff turnover
Harvard studies demonstrated that companies hiring a Chief Happiness Officer see their employee turnover rates drop by 30%.
It is estimated that the annual cost of employee replacement for a company of 100 people with a turnover of 10% is $1.1M per year. This sets the stage for a strong and measurable ROI.
Sources: MIT and Harvard studies, “Journal of applied behavioral science”, K.Cameron, March 2018