At the end of 2015, Place of the Future will release its [HAPPY] Places To Work For list based on the performance outcomes from the Worker Happiness Index (WHI) to rank companies throughout the United States.
What constitutes a Happy Place or furthermore, what does it mean to be Happy Company Certified™ you may ask.
The origin of the indicators used in Place of the Future's WHI™ were derived from those used by the Royal Government of Bhutan to achieve a goal of having sustainable economic growth.
The WHI has adopted its concept consisting of four pillars: 1) fair socio-economic development, 2) conservation and promotion of a vibrant culture, 3) environmental protection, and 4) good governance, and has further developed its structure by incorporating the index with ten (10) performance outcomes: 1) social support, 2) psychological well-being, 3) health, 4) financial well-being, 5) time balance, 6) community vitality, 7) culture, 8) work, 9) environmental quality, and 10) organizational structure/governance. The WHI takes a unique approach to creating a new economic paradigm in defining success in the corporate structure today.
In addition, the WHI produces a single number index across thirty-eight (38) indicators that measures four (4) business outcomes: 1) productivity, 2) employee retention, 3) client/customer satisfaction, and 4) profitability. This single number index identifies its qualification of whether it meets the minimum standards of a Happy Company, which is based on exceeding an average index of 80 out of 100.
The certification is a means of verification. Happy Company is to workers what B Corps is to businesses and what LEED is to buildings and for any of these certifications, it requires the meeting of rigorous standards.
So why is that important? Studies show that happiness raises nearly every business outcome. At Place of the Future, we've seen improvements in employee retention, increase in work performance and reduction in absenteeism and presenteeism, creating a return on investment for the company's bottom line.
Be an adopter. Be a differentiator. Be a Happy Company. Nominate a company today!
Place of the Future transforms businesses through impact driven work and partners with companies & organizations to co-create logic models to achieve short- and long-term business outcomes that matter.