As unemployment drops, employee happiness is on pace to set a record.
2018 is on track to be the year of the happy employee as new CareerBliss data reveals that workplace happiness is on the rise! After analyzing thousands of independent company reviews that evaluate factors contributing to overall happiness in the workplace and assigning a “BlissScore” on scale of 1-5, CareerBliss found that BlissScores are trending higher than previous years.
CareerBliss looked at overall happiness scores across all jobs from previous years and compared it to unemployment levels. Our team found that there is a correlation between unemployment rates and overall employee happiness. In 2017, with unemployment rates of 4.8%, BlissScores averaged 3.90. In 2018, with unemployment at 4.0%, the BlissScore year to date is 3.97.
How CareerBliss Evaluates Happiness at Work
CareerBliss’ data evaluates the key factors that impact happiness at work including: One’s relationship with management and company CEO, compensation, workplace environment, growth opportunities, satisfaction with job role, and one’s overall workplace setting. The results are generated from CareerBliss.com review submissions and serve to provide insight into employers. All reviews are ranked on a scale of 1 -5.
“As the labor market contracts, people are likely to get raises and feel more confident negotiating not just for money but for the work/life benefits they need to feel happier,” says CareerBliss Advisor Brad Brummel, PhD, and associate professor of psychology at The University of Tulsa.
With unemployment at one of its lowest rates of 4.0 since 1999, employees are starting to feel more secure in their jobs, which leads to greater happiness at work.
“Lower unemployment rates give the average employee power. If you feel needed by your employer, the company grows and promotes, and they have money for raises it creates a rising tide and everything feels easier. The power dynamics tend to switch back from the employer to the employee, and it’s a natural human response to feel happier,” continues Brummel.
“This information provides valuable insight for employers to continue to cultivate ways to engage and inspire employees, ensuring they continually provide for a happy and positive workplace,” says Heidi Golledge, Chief Happiness Officer and Cofounder of CareerBliss.
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