In the news: Friendships are an important component of workplace happiness, retention - Abel HR

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In the news: Friendships are an important component of workplace happiness, retention

Working with your friends can make for a more fun work day, but a new report suggests that it can actually bolster your perception of your workplace, happiness in your role, and even how long you’re willing to stay on the job!

According to GloboForce’s Workforce Mood Tracker report, 95 percent of survey respondents said that they have made a friend of work and 89 percent reported that these work relationships matter to their overall quality of life. Further, these aren’t just fair-weather friends: 88 percent of workers said that they trust their coworkers and 61 percent report that their coworkers have supported them during a difficult time.

Now on to the HR angle: The results of the survey reveal that workers with multiple friends at work are three-times more likely to say they love their companies and nearly three-times more likely to say that they are proud of their company. Further, the number of friends you have within the confines of the cubicles directly correlates with your favorable perception of the company. For example, 71 percent of individuals with 25 or more friends reported that they loved their company, versus 45 percent of workers with 1-5 friends or 24 percent of those with no friends.

In addition, employees with more friends are more highly engaged, with 69 percent of individuals with 25 or more friends reporting high engagement, versus 37 percent of workers with 1-5 friends or 28 percent of those with no friends. This, in turn, correlates to improved employee retention, with 79 percent of individuals with 25 or more friends reporting that they wouldn’t accept a job offer at another firm should the offer present itself, compared to 62 percent of workers with 1-5 friends or 58 percent of those with no friends.

To view a full copy of the report, please visit: http://www.globoforce.com/resources/research-reports/mood-tracker-fall-2014-report/

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