A deep pocket or a big smile? The answer was “obviously a smile” by the employees when Wrike did the survey in the U.S. and UK. The respondents have an overwhelming percentage share of 50 in this case. Thus, strengthening again the notion that “money can’t buy you happiness!”

Employees are able to survive even under the most challenging environment if they feel like they are doing a meaningful job. This feeling can far out weight their compensation size.

The report reveals the underlying workforce strength of the small businesses that are able to compete in a tight market against large brands. A decent living wage with a healthy working environment is the major key behind their success. That’s why the average job tenure is much higher and incidents of employee re-shuffle are very low in these small businesses.

Megan Barbie, the Vice President of People Operation in Wrike, talks about the changing dynamics of the corporate human resource management system. She thrusts the need of a more engagement based approach by the employers to accommodate the wellbeing issues of their employees.

She further speaks that the organizations must stop assuming strategies they consider as perfect for their employee’s happiness. Instead, they should consider the perspectives of their employees in this matter. Building a collaborative environment for the employees across their location can really boost their performance. There are obviously individual differences on this issue. Each worker and every group is different. But there is a certain pattern as the Wrike report reveals.

Details of the Wrike Survey

Four groups, each of 1000 people, were surveyed in the United States, the United Kingdom, France, and Germany. They were asked questions about their job compensation and workplace culture. Several interesting findings were drawn from their responses.

Meaningful work gets priority

Doing meaningful work was the utmost job priority for the respondents from the U.S., UK, and Germany. In France however, it only comes second after higher compensation criteria.

Four out of the ten employees put that they are ready to accept a pay cut for a happier job. In the case of the U.S., this number is much higher. So, food for thought for U.S. employers.

Around 58 percent of the respondents in the U.S. has confirmed that they have already changed their job place for a better work environment. Even though their new job is paying them less. The percentages are 54, 32 and 29 respectively for the U.K., France, and Germany.

Happiness is productive

Productivity matters a lot not only for the employers but also for their employees. In the U.S. for example, 91 percent of the respondents consider themselves as very productive. This figure declines in Germany, France, and the U.K. to 67, 63, and 59 percent respectively. According to the report, giving challenges to the employees may raise their productivity to a great extent.

A proven way to keep the employees focused on important and productive responsibility is to automate the repetitive tasks. So technological edge is a must in this case. Consigning new projects can help the employees to assess their individual and collaborative strengths and weaknesses.

The report reflects that building the day to day workflow becomes easier when the employees have their visibility into their daily tasks. This motivates them towards the larger roles inside the organization with clear purpose and priorities. So the next data in the report points towards having the right person for the right job. Respondents across the countries also confirmed that their jobs become much happier when they get to know their duties.

Sharing the vision is a very effective way of communication between employees and employers. The Wrike report says that bringing everyone on the same page towards a goal creates a clear vision for the employees.

A shared sense of vision and inclusivity in the organization, attach more meaningfulness to the employees’ work. It explicitly ties the individual work to the company’s goals and objectives.

Access the full report here