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Sustainable Investment Authors: Pat Romanski

Related Topics: Sustainable Investment, Startup Journal, Venture Capital

Blog Post

Two Ways to Enhance Employee Happiness During a Recession

Recession and Your Company’s Happiness and Wellbeing

I was once asked by Forbes to offer up some experience around some actions companies can take during tough economic times like these to maintain or even increase employee happiness and wellbeing. We all know that without a happy and thriving team, there's no growth, especially in a recession.

At DotNext we strive to employ a two pronged approach to increasing team happiness and wellbeing during recession times like these.

happiness

First Method:
First, we immediately roll out substantial, structured and predictable performance based compensation in the form of bonuses and spiffs. Nearly anyone, including managers and directors, can earn additional compensation if they are able to perform above general standards on a challenge by challenge basis. As a result, regardless of economic slow downs, team members are still able to maintain control over their financial destiny.

Second Method:
Second, we aggressively enhance the quality, frequency and quantity of spirited culture activities that play directly into happiness and wellbeing. For example, our team holds competitive monthly ping pong tournaments, gathers weekly at pubs and cafes, has weekly trivia contests and just recently joined a corporate softball league. Simply put, there is a direct correlation between increased positive cultural events and team happiness and production.

Each of these efforts enhances our level of happiness, strengthens our bonds and positions us for great production and growth even in recession times.

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