For decades, private sector firms have been aware of the benefits they can derive by investing in the management of their employees. Incentivising employees through individual and group performance pay allows firms to attract the best talent and increases worker effort. Fostering employee ‘ownership’ of the production process through team-working, initially pushed by Japanese manufacturing firms like Toyota, are […]
Most research on happiness relies on surveys that ask people to reflect back on and evaluate their experiences ‘these days’ or ‘nowadays’. In doing so, respondents usually attach weight to events that are related to their overall sense of wellbeing or satisfaction with their lives.
These studies find consistent evidence that paid work contributes substantially to overall life satisfaction and […]