Happy employees are most likely to make an organization a successful one. However, 'happiness' is subjective. Different people from different backgrounds have different requirements. Can one apply the 80:20 rule here? Both salary and a good working environment form an essential prerequisite for happiness at work.
While the concept of flexible working hours has arrived, in many places, punishment for latecomers is the norm. Putting a powerful camera focused on individuals for continuous monitoring is seen in many offices. Staff making fun of the camera is also common. Such acts, which achieve little, set a tone of dissent. Like two skewed lines that never meet, the gap between management and staff widens, with almost every decision taken by the management viewed suspiciously. Trust shown in employees goes a long way in developing happiness.
In my opinion, apart from money and perks, the management instituting a responsible HR department, listening to the professionals, and having an 'Impartial Grievance Handling Cell' is a non-fiscal yet effective way to have happy employees, increasing the chances of success.
Regards,
Dr. Ulhas Ganu