More than two fifths (44%) of employees believe that receiving a 25% pay rise would have the biggest impact on improving their happiness at work, according to research by One4all Rewards.
Its report, The 2018 happiness survey, which surveyed 1,024 UK employees, also found that 21% think that being thanked more often by their employer would increase their morale.
The research also found:
- 33% of respondents think that receiving a 10% pay rise would have the biggest impact on improving their happiness at work.
- 20% of respondents believe that receiving increased recognition from their employer for their work and contributions to the organisation would make them happier at work.
- 38% of respondents state that their happiness impacts their performance at work, and 30% admit they are more willing to work for longer or do overtime when they are happy.
- 39% of respondents would work harder if they were happy in their current role or place of work.
- 79% of respondents do not think that their manager cares about their happiness, and 30% would consider leaving their current job if they were unhappy at work.
Alan Smith (pictured), UK managing director at One4all Rewards, said: “It’s clear from the research the sheer impact a happy workforce can have on a business’ success. A large number of UK [employees] are willing to work harder, increase productivity and their results, if they are happy and indeed their work can suffer if they are not.
“It’s important that UK business leaders regularly take stock of morale within their organisations and make an effort to improve it where necessary. Ensuring staff are happy in their roles and willing to work hard for the business can go a long way to help it succeed. Bosses shouldn’t just assume that if they have low staff turnover they have a happy workforce.”