Saturday, 4 June 2016

Money Doesn't Equal Happiness

Scientists have revealed one of the most effective ways to increase how happy you are and it’s much simpler than you might think. Working for a charity, social enterprise or other not-for-profit organisation increases your happiness levels sharply, research has found. A study published in the Journal of Economic Psychology analysed data on 12,786 people working in the private sector and 966 people employed in not-for-profit organisations. It found that not only were those in the third sector happier, but that a person working for a private company would have to earn another £27,000 per year to be as happy as their not-for-profit counterparts.  The study also found higher pay does not result in higher pay satisfaction, as third sector employees expressed similar satisfaction levels over how much they earn compared to private sector employees, despite having significantly lower salaries than them. 
Feel Good Factor