A New Corporate Metric for the Rona Era: Cry for Happy
July 24, 2020
Businesses are all about numbers and how to make them higher or lower. These numbers determine whether or not a business succeeds or fails. Among these numbers, however, you will hardly find anything related to employee satisfaction. That could change says Livemint in the article, “Former Colors CEO Launches Happiness Quotient Tool For Corporates.”
The happiness quotient was developed by former CEO of Viacom18 Raj Nayak, who now heads House of Cheer. Nayak’s company recently released the proprietary tool Happyness.me designed to measure the happiness of corporations and their employees. The tool works using:
“Using behavioral psychology, neuroscience, and data-analytics, with inputs from experts in the field, the tool developed in partnership with human insights company The Happiness Index, will be used to measure the happiness quotient within an organization and to provide customized solutions that empower leaders and inspire teams, the company said in a statement.”
The Happiness Index is a two year program that measures employees’ emotional wellbeing and mental state. The data will show companies how happy their employees are and hopefully, based off the information, will prioritize their health. The Happiness Index will gather data from eighty countries in twenty-three languages, then it will be processed with AI and machine learning.
As the workplace changes in the coming century, tracking employees’ happiness will make or break a company. Usually companies are not that interested in keeping their workers happy, so maybe enhancing the program with brain implants and substances will be the Happiness Index’s next upgrade.
Whitney Grace, July 24, 2020
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