Henry is Founder, CEO and Chief Happiness Officer at Happy Ltd. He has written two books about how to create a happy workplace: Relax: A Happy Business Story and the Happy Manifesto. Henry has been included in the Guru Radar section of the Thinkers50 list of the most influential business thinkers in the world. He speaks regularly at conferences around the world, as well as helping organisations through consulting and training how to change their culture and create a happy workplace of their own.<\/p>\n","protected":false},"excerpt":{"rendered":"
In this two-minute video, Henry Stewart explains the financial evidence and academic research behind happy workplaces. The Best Workplaces have a Four Factor Alpha of 3.5% on the stock market, compared to ordinary workplaces. Plus, happy workplaces save lives \u2013 for every 96 deaths in a happy and engaged hospital, 103 people die in a hospital where staff are disengaged and unhappy.<\/p>\n","protected":false},"author":4,"featured_media":11942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[52,24,25],"tags":[],"blog-post-type":[36],"class_list":["post-11927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conference-videos-shorts","category-henrys-blog","category-the-happy-manifesto","blog-post-type-blog-with-video"],"acf":{"read_or_watch_time":"Watch: 2 min watch","video_url":"https:\/\/youtu.be\/y07vuz_clis","transcripts":"\u201cThere is hard evidence for creating a happy workplace. A guy called Alex Edmans at the Wharton Business School decided to look at the Great Places to Work and compare them to the ordinary places to work, ie the companies that had been in the Fortune Top Best Workplaces over 25 years. He compared them with the standard stock market index. He found that the Best Workplaces had a Four Factor Alpha of 3.5%.\r\n\r\n\u201cWhat it means, is 3.5% extra per year compared to the standard stock market. That means is that if you had a personal pension fund and you\u2019d invested in the standard stock market, and at the end of 25 years it was worth \u00a3100,000, if instead you had put it in one of the Great Workplaces, re-investing each year as you could have done, it would have been worth \u00a3231,000. That is the hard, financial difference.\r\n\r\n\u201cNow you might wonder then, why people don\u2019t invest in great workplaces? Well, there is one fund, the Parnassus Endeavour Fund, which decided 13 years ago when it was set up to invest in happy workplaces. It had $600,000. It now has $1.4bn and has been ranked over the last ten years in the top 1% of performance in the entire United States \u2013 which begs the question why more investment funds don\u2019t do it, because the proof is there \u2013 the academic research is there, the financial evidence is there.\r\n\r\n\u201cAnd it\u2019s not just true in the private sector. This is from hospitals. The King\u2019s Fund, which is a UK research organisation which looks at health, looked at mortality rates in hospitals where staff were highly engaged and happy, and where they were disengaged. For every 96 people that die in a hospital were staff were engaged and happy, 103 die in a hospital where staff are disengaged and unhappy.\r\n\r\n\u201cHappy workplaces save lives \u2013 and if you\u2019re sick, make sure you go to a happy hospital!\u201d<\/strong>"},"yoast_head":"\n