A company that wants to be successful must take its employees' well-being into consideration. Why? Because happy workers are more energetic, creative and are much more productive. But when it comes to workplace satisfaction, the level of happiness changes by region.
In fact, a recent survey found that North American workers report lower levels of workplace well-being compared to every region besides Asia.
The CPP-Myers Brigg survey found that businesses with high work satisfaction experience lower turnover and higher customer loyalty. The study looked at the level of well-being in the workplace for 3,113 individuals worldwide and found that the overall level of workplace satisfaction changes by region.
Survey respondents were asked to rate their level of workplace well-being on a scale of zero to 10, with 10 being the highest level of job satisfaction. The average overall range of well-being, along with several other factors, had a rating of 6.5 - 8.5.
The lowest overall well-being score came from respondents residing in Asia. The highest reported well-being score came from respondents residing in Latin America, closely followed by respondents residing in Australia and New Zealand. North America came in second to last for overall well-being in the workplace after Africa.
Researchers used five factors to measure the level of overall workplace well-being: positive emotions, engagement, relationships, meaning and accomplishment.
Respondents in North America marked "accomplishment" as their lowest level of well-being and "relationships" as their highest. Latin America, which has the highest level of overall well-being, ranked "accomplishment" as the lowest and "meaning" as the highest.
In the U.S., happy workers are known to be more likely to stick with a company for years. In fact, employers with content workers have voluntary turnover rates 50 percent lower than their competition, according to Great Place to Work CEO Michael Bush.
"And millennials, a generation known for switching jobs often, are more than 25 times more likely to say they plan to stick around when they feel they have a great place to work," he writes.
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