Most people spend a large part of their vital time in the workplace. The importance of a good working environment translates into tangible benefits that directly affect the company’s output and growth. Therefore, Human Resources departments strive to create a work environment where the workforce feels united and develops to help the company grow.
According to Globalwork, the benefits of an ideal work environment are:
- Increased productivity. It is a reality that a cheerful and happy work environment increases productivity. Shawn Achor, author and speaker, points out that happy employees are up to 31% more productive.
- Increased innovation. According to existing studies, companies with a pleasant and relaxed atmosphere are up to three times more innovative. Moreover, the consulting firm IDEO highlights aspects, such as employee empowerment or a collaborative environment, as crucial for an innovative company.
- Increased sales. Satisfied employees inevitably benefit commercial performance and, therefore, all third parties contacting the brand. According to Harvard Business Review, companies that invest in employees happiness experience an increase in sales up to 37%.
- Less rotation. A favorable work environment leads employees to stay for longer periods within the company. Hays Group states that 10% of good employees quit because of an unfavorable work environment, and 20% due to a poor relationship with their immediate boss.
The Fellow Funders team is aware of all these aspects and consider them when performing company valuations through our Fair Value service. Corporate governance and labor welfare strategies are also a fundamental part of the ESG criteria. Investors are increasingly attracted to this environmental movement. Our team explains everything in our Sustainability White Paper for SMEs. Don’t forget that your employees’ satisfaction is your company’s fuel!