Workers around the world may think they'd be happier if they earned more, but a new study by the Cass Business School of The City University in London disproves this--finding no correlation between happiness and income!
Results of the new survey of national workforces shows that populations who perceive themselves as happy and extroverted are more committed to their jobs and more loyal to their employers.
And, despite what is generally expected, per-capita income levels and the strength of the country's economy have little effect on employees' commitment levels globally, according to data from the study. Actually, higher-paid employees often ranked themselves as "negative" and "neurotic."
Dr. Garry Galade, head researcher for the study, explains that it was designed to determine whether a country's economy, income levels, national "personality," or cultural values had any impact on satisfaction, commitment, and loyalty levels of employees. Commitment was defined by a question asking if employees were likely to leave their employer voluntarily.
So which of the 49 countries surveyed came in as the happiest? Brazil, Israel, and Mexico ranked as the countries with the happiest and most committed employees, with the United States, Canada, and the Scandinavian countries close behind. Russia and Japan, which does have well compensated employees, scored lowest.
"We think in happy countries, people are surrounded by others who are generally positive and enjoy their work," says Galade, which makes the workplace a pleasant experience where employees develop good feeling toward employers.
"In Russia, the atmosphere at work can become depressing, and employees tend to project these negative feelings onto the companies they work for," says Galade. "In Japan, people act committed; for example, they are rarely absent from work ... probably because of peer group and social pressures. However, they don't necessarily feel committed."
Source: Cass Business School