ABSTRACTNewer generations have prioritized workplace happiness and well‐being, which, despite its inherently subjective nature, has a significant impact on their career trajectories, organizational transitions, and job choices. Therefore, the current study aimed to investigate the predictors of happiness and well‐being among women working in a modern corporate environment. With the growing emphasis on workplace happiness, especially among young generations, this research explores factors such as job experience, job performance, job satisfaction, organizational environment, professional development, and psychological empowerment. Using a cross‐sectional design, data were collected from 400 female employees in Lahore's corporate sector through structured questionnaires. The study employs structural equation modeling (SEM) to analyze the relationships between the predictors and outcomes of happiness and well‐being. The findings suggest that job satisfaction, professional development, and a supportive organizational environment significantly enhance happiness and well‐being. However, psychological empowerment has a more complex effect, negatively impacting well‐being when employees face stress and responsibility overload. The insights underscore the importance of cultivating a balanced and supportive work environment to enhance employee happiness and well‐being, ultimately benefiting organizational performance.
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