The second quarter of 2021 has been challenging for most Sri Lankans. The country has seen a significant rise in COVID-19 cases. Consequently, Sri Lankans are undergoing the 2nd lock-down that has exceeded one month. Daily wage earners have lost their livelihoods and businesses continue to struggle under adverse economic conditions.
Breakthrough
Business Intelligence has been monitoring the happiness index of Sri Lankan
people for the past 03 months. According to the findings, happiness is at a
three-month low following the chain of events that has culminated in falling
living conditions. Overall scores have dropped from 77 in April to 72 in May.
The
Happiness Index
The
Happiness Index measures life satisfaction, the generalized feeling of
‘happiness’ along with other ‘domains of happiness’ (see below)[1].
It was inspired by the model for Gross Happiness Index developed by the Kingdom
of Bhutan, which to this date works alongside GDP as a measure of the country’s
progress.[2]
The
Happiness Index correlates strongly with individual happiness and their concern
for societal and environmental wellbeing[3].
Nations who rank higher on the index have seen significant development in
mindsets and behaviours taken towards communal benefit, ecological
sustainability, corporate and public policy[4]
How is
happiness indexed?
Analysts at Breakthrough
Business Intelligence evaluated happiness in 11 different domains to quantify
happiness. Each of the 11 domains contribute towards a score out of one hundred
that will determine the final happiness index.
1. Psychological Wellness - Optimism,
sense of purpose and sense of achievement.
2. Shelter - Access to, and the
availability of housing.
3. Work – Ease of finding work and the
perceived ease of getting compensated for work done.
4. Social Support – Perceived sense of
support
5.
Environment – Closeness to nature, perceived level of pollution.
6.
Governance
– Trust placed in the government, perceived competence in the government, and levels
of corruption.
7.
Material
Wellbeing - Financial security and perceived capability to meet basic needs.
8.
Health – Presence/lack of illness and the capacity to perform daily
activities.
9.
Time
Balance - Sense of enjoyment they have, by being able to spend time doing things
they loved. Feeling rushed, sense of having more work than they would do
pre-lockdown drove the score down.
10.
Community
- The sense of belonging, safety and protection offered by the community.
11. Education arts and culture - Participants’
perceived ease of access to educational and cultural experiences was measured
under this domain of the happiness index.
Findings
The average
score on most of the happiness domains were low and averaged around 7 out of 10.
Sri Lankans scored higher on Social support, Environment and Health domains.
Business
Implications
The
Happiness Index is known to correlate with people’s outlook on public policy
and economy. It is, therefore, a tool to evaluate satisfaction with life,
income inequality and trust placed in the government and its agents.
For MarCom
professionals, this means that the happiness index can be a measure of the
relative confidence brand messages instill in their consumers. Because of its
importance Breakthrough Business Intelligence will continue tracking happiness
levels monthly and hopes that this information will help business leaders,
policy makers shape their strategy in the short and long runs.
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