Sector Specific Analysis Of Organisational Happiness And Wellbeing Based On ‘Gnh Of Business’ Logic

Abstract

The importance of wellbeing in organisational operations has increased in recent years (particularly as a result of Covid -19). Underlying these expectations is the need to ensure employee happiness, satisfaction and organisational conditions. The new expectations require changed leadership behaviour, decisions and organisational preparedness. The aim of our research is to investigate the conditions of employee happiness and wellbeing in an economic sector specific comparison. There are several approaches to the study of wellbeing in the literature, but all of them focus on employee satisfaction/dissatisfaction by highlighting some characteristic. To enable managers in organisations to respond to needs and make appropriate decisions using the right tools, a holistic approach is needed. Therefore the ‘GNH of Business’ logic was applied in the research. The study focused on 768 enterprises in a small country in Central and Eastern Europe. Following the Bhutanese computational logic, simple and complex statistical analyses were carried out using SPSS 26 software and PLS - path analysis. Authors investigated whether business organisations differ by economic sector in the conditions they can offer their employees to enhance happiness and thus organisational performance. The results show that the companies in the country under study (in all sectors) fall into the average rating category. However, there is a significant difference between organisations in different economic sectors in terms of which organisations are the most well-performing, satisfied and happy. This result provides guidance for both employers and employees seeking employment.