Elizabeth Dunn: Want Happier Employees? Give Them More Time Off
Dunn says a lot of tech companies do an excellent job of spending company funds in the right way to increase employee happiness. It's important to think about allocating money toward purchases that will help the staff get through their workday in happier ways. In Happy Money, Dunn draws from in-depth research to determine what purchases increase happiness, and purchases that simply decrease the amount of money in our bank accounts. Money can buy you happiness, she argues, but only if you spend it right. And, there are some purchases we think will gives us joy that actually do not. "One of the most surprising findings is that buying a home turns out not to provide all that much in the way of happiness," Dunn explains in the interview. Neither does buying a car. While these things are considered to be important—and often necessary—purchases, they are actually fairly "hollow" in terms of how they make you feel. While you would expect a pricier home and a nicer car would put pep in your step, Dunn's research shows there was little evidence to confirm that assumption.
Dunn is an associate professor in the Department of Psychology at the University of British Columbia. In her book, and the talks she gives based on it, she explores five principles that can help you spend smarter. And, how you can turn your money into "happy money." She shows us how to rethink our purchases and invest in things that will bring us long term joy instead of a temporary mood boost. No matter how little or how much money you have, Dunn can show you how to turn it into the best money you ever spent.