8th January 2019

UK employees need good work-life balance for happiness

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A third of UK workers have revealed they are unhappy at work, with 45 per cent admitting they are hoping to move jobs this year, according to research.

The 2019 Job Exodus research noted that while there were improvements in job satisfaction throughout the UK, there are still many unhappy workers due to job uncertainty, growing competition, stress and anxiety.

Investors in People developed the study which showed 54 per cent of job seekers are looking for a salary increase. However, the best way for employers to retain talent is by giving their employees a good work-life balance and a good team.

Paul Devoy, CEO of Investors in People, said: “Despite a decade or more of research looking at the economic benefits of happiness, it’s frustrating that all too often, wellbeing at work focuses on reducing stress not increasing happiness. Yet we know that humans want to be engaged in meaningful relationships, feel valued and useful. And that in this environment people are both happier and more productive.

“Empirical analysis and experience have shown that increasing happiness has anything from a 12 per cent to 14 per cent effect on productivity. Some estimate that for every £1 that an organisation invests in mental wellbeing support, they can expect £9 return on investment.

“If organisations are to attract and retain talent, then leaders need to ACT ON this area of employee experience and increase the happiness of their people.”

Both the Taylor Report and the Good Work Plan highlight the value of flexi-time to UK workers, something 25 per cent of respondents agree with. However, in addition to job security, 34 per cent of UK workers are demanding good teams, while 16 per cent want to feel valued at work.

The top three reasons for people wanting a new job are:

  • They feel they can get more money elsewhere (33 per cent)
  • They feel they can get more satisfaction elsewhere (30 per cent)
  • They don’t feel their skills are valued by current employers (21 per cent)

Investors in People results revealed that 26 per cent of people believe that Brexit will negatively impact their job security, which is a 3 per cent increase from last year.