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The Hidden Economics of Work Friendships

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Did you know that 89% of workers say work friendships matter to their quality of life? Find out why and more interesting stats from our latest Workforce Mood Tracker survey.

Published in: Career, Business
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The Hidden Economics of Work Friendships

  1. 1. The HIDDEN ECONOMICS of Work Friendships
  2. 2. of us have made at least one friend at work in our careers 95%
  3. 3. Work friendships make our lives better of workers say work relationships matter to quality of life 89%
  4. 4. But are they really critical to getting serious business done?
  5. 5. Actually, yes.
  6. 6. FALL 2014 REPORT ADAPTING TO THE REALITIES OF OUR CHANGING WORKFORCE RESEARCH REPORT 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:
  7. 7. More friends means we’re more likely to love our companies NO 36% YES 24% NO 76% YES 64% YES 45% NO 55% 25+ Friends YES 71% NO 29% Do you love your company? 6-25 Friends 1-5 Friends No Friends
  8. 8. 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
  9. 9. 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
  10. 10. 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%
  11. 11. And we’re a lot less likely to jump ship NO YES NO YES YES NO 25+ Friends YES 21% NO 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?
  12. 12. How can you make work friendship economics work for your company?
  13. 13. Offer opportunities for workers to connect 1
  14. 14. 2 Create a culture of appreciation and recognition Great job! Th a n ks!
  15. 15. Make great relationships a priority 3
  16. 16. Share stories and memories 4
  17. 17. Think of your organization as a collection of communities, not a heirarchy 5
  18. 18. PROFIT! 6
  19. 19. Read more in our Globoforce “Workforce Mood Tracker Report”. © 2014 Globoforce Limited. All rights reserved. CALL US: +1 888 7-GFORCE EMAIL US: info@globoforce.com » READ OUR BLOG: globoforce.com/gfblog » VISIT OUR SITE: globoforce.com » Download the Report Click here

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