During the summer of 2019, as part of our free surveys, we sought to find the answer to the Happiness Quotient for Indians. According to Aristotle, Eudaemonia is the ultimate goal to be pursued and is an end in itself. Our objective however, was to look at the working population and the age-group about the enter the workplace. This would lead Human Resource Managers to a better understanding of what drives happiness for employees at the workplace. For this study, we used an ongoing survey of 155 Indians who participated in the survey till 10 June 2019.
The survey results surprised us but also confirmed our beliefs; Indians were most concerned about finance and family. In the survey, we asked 5 questions to allow participants emphasize us what made them happy and what concerns them. The five factors were;
Job or Career
Peace of Mind
Based on their age groups, we looked at the data from a new perspective; what made them happy on weekdays (working) and what was the factor on weekends?
Across all age groups and across all days, wealth or finance was the first source of happiness for 34% of the population, followed by family at 23%.
Family was the factor of concern at 37% followed by finance at 25%
Between these two lay the concerns of more than 50% of our respondents.
We also wanted to find out if it changed from weekdays to weekends. On weekdays, finances made 28% people happier followed by 24% who voted for their family. Family was also the concern during weekdays; finances followed second at 21%.
On weekends, finance was topmost in their minds as we spend the most during weekends. However, what is interesting to notice is that jobs as a source of happiness dropped to 10% during weekends while only 15% had a weekend concerning jobs. This is a great insight for HR Managers to understand engagement and tune their policies accordingly. The presentation has been uploaded as a YouTube video and can be viewed by clicking here
Participants were also asked to select their age group across five segments;
51 years +
Teenagers are focused on finance. This becomes their biggest factor during weekends (45% +). On weekdays, they are focused on family.
For the early adults in the age group of 20–30 years, family is the source of joy and also concern for 26%+ participants. Jobs come second for 21%+. On weekdays, jobs make them happy; on weekends, it is health that concerns them. This can be a cause of concern for HR Managers if early adults are so concerned about health during weekends. Some can be related; high calories or gym visits during weekends can be attributed for making 45% of the population so concerned about their health.
For 31–40 years, 54% are happier on weekdays thanks to finance. On weekends, it moves to 81%! Family is a concern, but albeit second as a concern compared to finance.
For 41–50 years, Jobs or careers make 35% happy and for the first time appears as the greatest source of joy. This is also when health appears as a concern for 26% participants of this age group. On weekends, this is the first time when Peace of Mind appears as the greatest concern for 67% of the sample population.
For 51+ years, family is the biggest factor for happiness (29%) and also as a concern (55%). Career is the second important concern for 19%. On weekdays, the concern for jobs go up by further 2%. On weekends, 67% of this age group consider health as their biggest source of happiness and family their biggest concern.
These insights, at an organizational level, can be very rewarding for People Managers to derive insights for engagement and policy making for the larger end goal of happiness as grand old Aristotle advised.