BIZ BUZZ: Happiness over profitability?

Some say money can’t buy happiness… but it can surely make you comfortable.

However, aside from having all the money, Filipino workers can also get this if businesses care more about their well-being and not just about hitting income goals, according to Mr. Lhatu, executive director of Gross National Happiness (GNH) Centre Bhutan.

Employers asking about what makes their staff unhappy can make a difference, whether on workload or work schedule, Lhatu said at a meeting with local groups and government officials.

So, do these enterprises care?

The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization with more than 30,000 members, floated the possibility of creating a local GNH center.

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PCCI secretary-general Ruben Pascual told Bizz Buzz that leading a GNH center in the Philippines was “an idea worth considering,” which would be discussed internally.

Even with more expensive costs of living and almost imaginary salary hikes, a report released this year showed that the Philippines was the second “happiest” country in the Southeast Asian region and 53rd worldwide.