Editor's note: Jim Clifton will be appearing on a panel, held by Richard Branson's Virgin Disruptors, to debate workplace well-being, and work/life balance. Branson will be on the panel with Clifton, along with Huffington Post's Arianna Huffington, Facebook COO and Lean In author Sheryl Sandberg, and Zappos CEO Tony Hsieh, among others. The event -- on Thursday, April 23, at 12 p.m. PT -- will be streamed live from San Francisco.
Panelists were asked to submit answers to five key questions about workplace well-being in advance of the event. Here are Clifton's replies:
1. How do you achieve work/life balance?
I'm 100% in favor of a healthy work/life balance for employees, but it doesn't apply to me personally. My job is so much fun, it's my hobby, my extra interests -- basically, my life. Work and life are the same thing for me.
It's probably easy to be this way because my kids are out of the house and my wife and I don't have hobbies or take vacations. Our main hobby is following world current events, economics and politics. OK, that sounds boring, but we love it. And following global events perfectly overlaps with my job, because Â鶹´«Ã½AV tracks opinions on everything of importance everywhere in the world.
2. Has your attitude toward employee well-being changed over the years?
I didn't realize until recently the impact of well-being on outcomes such as productivity and life expectancy -- and even the stability of nations. The importance of well-being goes way beyond employees now -- it has an impact on citizens too, everywhere.
For example, there wasn't a single data point that could predict the coming of the Arab Spring -- which is now the Arab Nightmare -- in any institution of data, except . Tunisia's and Egypt's GDP were doing very well before the uprisings, so just about everyone in the world thought those countries were fine. But no one -- including the smartest and most informed people in the world -- saw that well-being was crashing in both societies.
Well-being metrics for nations and cities and organizations will become as or more important than traditional economic measures such as GDP or company stock prices within two decades -- simply because they predict better.
3. What are you striving to achieve in your own company culture?
We have zero interest in the satisfaction of our employees at Â鶹´«Ã½AV. We don't even think about it. We leave the free lunches, fancy latte machines and employee Ping-Pong tables to other companies.
What we do have interest in is the individual development of every Â鶹´«Ã½AV tribe member -- at every level. Â鶹´«Ã½AV cares that each person is working on a team and project that changes the world a little to a lot every day. We run a highly individualized strengths-based culture where our purpose is to change the world one client at a time. Our culture is that simple and our work lives that meaningful.
4. What do you view as the biggest issue that needs addressing in the workplace?
We are failing to create workplaces of high engagement and high well-being. Only , and that number has been stuck there for almost 15 years.
Worldwide, employee engagement is a . Here's a huge reason: Â鶹´«Ã½AV found that organizations fail to hire managers with the right talent for the job a whopping 82% of the time.
This is alarming when you consider that Â鶹´«Ã½AV also found that managers account for 70% of the variation in a company's employee engagement. Whether you have a great culture or not comes down primarily to whether or not you have managers who can maximize the potential of every single individual and team.
But well-being matters just as much. Â鶹´«Ã½AV has found that only 24% of employees at companies that offer a wellness program actually participate in it, and only 12% of employees strongly agree that they have substantially higher well-being because of their employer.
Â鶹´«Ã½AV and Healthways have together spent more than $100 million to discover the secret ingredients of well-being. There are five key elements: financial, purpose (i.e.: your career), social, physical and community. When individuals have high scores on all five elements of well-being, they're truly leading lives that money can't buy.
5. What advice would you give to a startup trying to create a healthy and positive culture for their employees?
The hardest part of startups is getting and keeping new customers. Making the business model work is much more of a miracle moment than the innovation itself. Innovation is fine, but on its own it's worthless until an ambitious businessperson turns it into something a customer wants to buy.
I recommend that startups adopt a strengths-based culture, one in which employees' innate talents are perfectly matched to their roles and they get paid to do what they do best every day. Strengths-based cultures win more customers.
These questions and answers originally appeared on virgin.com.
