Happy, healthy employees

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

The author of The Happiness Advantage, Shawn Anchor discovered that when a person is feeling positive, the brain works much better. His research found that at these “happy” times the individuals tended to be more creative and become better at solving problems, as well as more effective collaborators with their colleagues. Anchor therefore also argues that there is then a clear incentive for employers that the happiness of their employees leads to greater levels of profits.

Further, a healthy workforce is directly linked to high levels of productivity and your business’ positive bottom-line performance. In South Africa’s first Effective Employee Index which was conducted by MMI, the holdings company of Momentum, in consultation with Unisa to research employee productivity, it shows that physical health and financial wellbeing are key drivers of employee productivity. Sick, unhealthy employees who are anxious about their finances then transforms into high levels of absenteeism and presenteeism – which is the condition of being at work but not fully engaged or productive. These impacts on the financial wellness of the employer, it affects their ability to grow their bottom line and protect their balance sheet, as reported by Katherine Baker, the Head of Momentum FundsAtWork.

The FinScope South Africa 2016 Survey revealed that 90% of employed South Africans earn R15 000 or less each month and 81% of the 90% earn R6 000 or less. These members of the population are particularly vulnerable in financial wellness. This is especially true in South Africa where households are forced to rely on retirement savings when they change jobs in order to cover their cost-of-living expenses, leaving little to no savings for when they actually retire. This problem is particularly bad amongst low-income earners who are the majority of South African employees.  

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
15.25
-0.0%
Rand - Pound
20.60
-0.0%
Rand - Euro
17.24
-0.0%
Rand - Aus dollar
10.92
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,846.81
-0.1%
Silver
23.72
-0.4%
Palladium
2,193.29
-0.4%
Platinum
1,029.26
+0.0%
Brent Crude
88.20
+2.2%
Top 40
65,870
0.0%
All Share
72,315
0.0%
Resource 10
72,883
0.0%
Industrial 25
89,866
0.0%
Financial 15
14,799
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot