the hidden economics of work friendships
TRANSCRIPT
TheHIDDEN ECONOMICS
of
Work Friendships
of us have made at least one friend at work in our careers
95%
Work friendships make our lives better
of workers say work relationships matter to
quality of life
89%
But are they really critical to getting serious business done?
Actually, yes.
FALL 2014 REPORTADAPTING TO THE REALITIES OF OUR CHANGING WORKFORCE
RE
SEA
RC
H R
EP
OR
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The more friends you have at work, the more committed you are
to your company
According to our latest Fall 2014 Workforce Mood TrackerTM, research:
More friends means we’re more likely to love our companies
NO 36%
NO 76%YES 24%
YES 64%
NO 55%YES 45%
NO 29%YES 71%25+ Friends
Do you love your company?
6-25 Friends
1-5 Friends
No Friends
We’re twice as likely to trust our company leaders
10%
17%
21%
22%
No Friends
1-5 Friends
6-25 Friends
25+ Friends
Do you trust your company’s leadership?
YES
YES
YES
YES
We’re prouder of our companies
No Friends
1-5 Friends
6-25 Friends
25+ Friends 50%
36%
27%
14%
Are you proud of your company and co-workers?
YES
YES
YES
YES
We’re way more engaged - and therefore more productive
25+ Friends 6-25 Friends 1-5 Friends No Friends
69%Highly Engaged Highly Engaged Highly Engaged Highly Engaged
48% 37% 28%
And we’re a lot less likely to jump ship
NO
NO YES
YES
NO YES
NO YES 25+ Friends 21% 79%
30% 70%
38% 62%
42% 58%
6-25 Friends
1-5 Friends
No Friends
Would you accept a new job if it were offered to you?
How can you make work friendship economics work for your company?
Offer opportunities for workers to connect
1
2Create a culture of appreciation
and recognition
Great job! Thanks!
Make great relationships a priority
3
Share stories and memories
4
Think of your organization as a collection of communities, not a heirarchy
5
PROFIT!
6
Read more in our Globoforce “Workforce Mood Tracker Report”.
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