A happy workforce is a more productive workforce – that’s the key finding of a study by Warwick University. Researchers found that when workers were given mood-boosting treats, their productivity rose by 10-12%. Businesses can harness this boost by investing in employee well-being; adopting the hybrid model is a great way to do so.
Happiness is a powerful catalyst for productivity. That's the key takeaway from a University of Warwick study, aptly named Happiness and Productivity. In it, researchers conducted a series of experiments involving over 700 participants. They gave one group mood-boosting stimuli like watching clips from a comedy movie or eating chocolate, and found that these led to an increase in productivity levels by 10-12% compared to another group who were not given these experiences.
The takeaway for business leaders is this: fostering a positive work environment and focusing on employee wellbeing can drive productivity. Simply put, a happy workforce contributes to a successful business.
Backing this up, IWG's own Hybrid & Healthy study revealed that hybrid workers are leading healthier lifestyles. They’re exercising more, sleeping better, and eating healthier, resulting in a workforce that’s not only happier but more engaged too.
But what makes the hybrid model so beneficial?
The hybrid-happiness connection
One significant advantage of hybrid work is less commuting, freeing up valuable personal time. In IWG’s study, hybrid workers reported getting an extra 90 minutes each week for exercise and an additional 71 hours of sleep every year. And with nearly one-quarter of those surveyed reporting significant weight loss, the impact on physical health is noteworthy. Because they’re feeling invigorated, they’re more engaged in their job.
These results aren't unique to our study. Research by the renowned Stanford University Professor Nicholas Bloom found that hybrid workers had higher job satisfaction and a 35% lower attrition rate compared to their office-bound colleagues.
What's more, most of the 2,000 respondents to the IWG survey cited in this white paper praised the hybrid model for offering "greater flexibility, an improved work-life balance, more time with family and friends, and reduced stress and expense of daily commuting."
Interestingly, Bloom's research also reveals that some of the hours saved on commuting often make their way back into the workday, with hybrid employees finding themselves able to put in extra work while still enjoying more free time for their personal lives. This subtle but impactful shift can result in an extra productivity boost of 3-4%, which can be significant.
Seizing the hybrid advantage
Businesses truly reap the benefits when they give their employees the freedom to balance their time between company headquarters, a local flexspace, and home. With IWG’s expansive network of 4,000 offices and another 1,000 locations set to open in the next year, implementing this kind of hybrid work model is more achievable than ever.
In this new era of work, flexibility isn't just an attractive option — it's a necessity. Research bears this out, revealing that nearly half of workers now prioritise roles with a hybrid structure. As we navigate the future of work, businesses that successfully leverage this model will find themselves ahead of the curve, reaping the benefits of improved productivity, enhanced employee satisfaction, and a competitive edge in the talent market.
Discover how IWG can help you create a healthier, happier and more productive workforce with hybrid, with advice on your workplace strategy and access to 4,000 flexible workspaces worldwide.
