The Importance of a Business Case for Better Workplace Well-Being

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The BT field study that you're referring to, did that feed into this broader workplace well-being and performance report that you put out? Yes, Lindsay. So while we've nailed the call, the link between how you as an individual feel and how productive you are, the business case itself needs to bring it to the picture, the cost side of things. And that's what we've done in the study that you've just alluded to, called workplace well- Being and firm performance.

In this episode of the ESG Insider podcast, we’re exploring the business case for happiness — specifically, how companies can measure and manage employee wellbeing.

We speak to Jan-Emmanuel De Neve, Professor of Behavioural Science and Economics at Saïd Business School and a Fellow of Harris Manchester College at the University of Oxford. He is also Director of Oxford’s Wellbeing Research Centre, and co-editor of the World Happiness Report. And he’s a co-founder of the World Wellbeing Movement, a coalition of stakeholders from business, civil society and academia aiming to put wellbeing at the heart of decision-making.

Jan talks to us about his research, including a new study making headlines that explores workplace wellbeing and firm performance. He explains that measuring worker wellbeing can be challenging because it involves the way people feel, and senior leaders are often hesitant to take action on subjective indicators.

"What's so nice about the studies we've done is that we showed these subjective indicators — how people feel at work — that there's real objective consequences or objective correlations to very highly objective data, including the financial performance of companies,” Jan tells us.

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