Does having a business make you happier?

by Stuart Miles
by Stuart Miles

I know that I’m happier working for myself, but is that true for everyone? Running a business comes with all sorts of stresses and responsibilities, but a new survey shows that business owners are the happiest of the nation’s workforce, closely followed by their staff.

The annual Work Life Balance report published by Regus is based on a business poll of 26 000 professionals across the globe. It reveals a worldwide dip in wellbeing over the last year but the UK bucks this trend, up 5 points on the Work Life Balance Index from 104 to 109. UK workers are shown to be more content than their French and German counterparts (100 and 101 respectively) but less so than Americans (117).

The satisfaction gap between the UK’s younger and older workforce is one of the most pronounced in the world. Generations X and Y (born after 1964) report that they enjoy work a third more than Baby Boomers and also believe they achieve more than in previous years (77% compared to 63%.)

John Spencer, UK CEO of Regus comments: “Employers must recognise the importance of work-life balance not only for their own health and that of their staff but for the company as a whole. Happy workers are both more productive and less likely to leave. As the jobs market improves, companies that actively promote work life balance will be more successful in retaining their talent.”

Previous research from Regus has showed that 74% of office workers believe flexible working makes them more productive and helps them redress their work-life balance.

“Flexible working policies play a vital role in improving work life balance, such as offering staff a choice in where and when they work,” says John. “Many innovative employers and entrepreneurs are already doing this – we see our network of business centres used every day by people working flexibly, closer to home. The value that the younger generation in particular place on flexible working should not be underestimated.”

work life graphic

The survey was managed and administered by the independent organisation, MindMetre, www.mindmetre.com

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