Deal or No Deal: Investing in Employee Well-being
May 12, 2023 · 8 mins read ·Employee Wellbeing
If there's one thing that the global pandemic taught us, it's that life is a fragile, fleeting moment.
When faced with their mortality, employees began to value aspects of their life that they more or less readily sacrificed in favor of bigger compensation or exciting new perks.
What are those aspects? We're talking about health and holistic well-being, two concerns businesses may want to consider.
Is your company investing in health and well-being? If not (or if you're thinking of it), you might want to read this post. We'll discuss why this investment might be worthwhile in the long run.
What is employee well-being?
A successful workplace and company depend on the well-being of its employees.
Companies supporting employees' health help keep a happy and productive work atmosphere while making it easier for employees to manage their stress levels.
Your staff's whole mental, physical, emotional, and financial wellness is referred to as employee well-being.
It is influenced by several things, including their interactions with coworkers, their choices, and the resources and tools they have at their disposal.
Employee well-being is significantly impacted by hours worked, remuneration, and workplace safety.
While it will differ from person to person, average employee well-being should allow for a successful and healthy workplace.
Why is well-being important?
Employers are responsible for assisting employees and providing the care they need for their physical and mental health.
Despite this, a lot of companies still lack a focused well-being plan. A well-being strategy can promote a sense of worth and support among staff members. It can also raise employee engagement and spur teams across the organization to succeed.
Problems, including unjust hours, insufficient rest, and inadequate compensation, impact all aspects of employee health.
As a result, many are increasingly speaking out to describe how their personal lives are affected by the lack of concern and action taken to enhance employee wellness.
Employee well-being is undoubtedly a crucial pillar of every organization.
Even if your business is smaller or in a different industry, you can still discover many worthwhile ways to raise everyone's standard of living.
In addition, the future can be improved or saved by taking proactive measures to ensure employee well-being.
The benefits of investing in employee's well-being
Because it enables workers to preserve their health and contentment, workplace well-being is crucial.
As a result, individuals can function at their peak and take pleasure in their profession. Both employees and employers may get a variety of advantages from this, including:
Those who work for the organization may experience improved productivity levels when managers prioritize employee welfare.
This is because by ensuring that staff are in good health, employers may foster more encouraging work cultures where employees feel free to express their opinions and ask questions.
People who are happy with their jobs also find maintaining a positive work-life balance simpler, which is crucial for achieving high productivity levels.
High retention rates
Staff members are frequently more likely to stay with the organization longer if they are happy with their workplace.
Thanks to this, companies may benefit from cost savings on hiring and onboarding. In addition, employee morale can rise at workplaces where employee retention is higher because it's simpler for staff to develop stronger professional relationships.
Stronger corporate culture
People frequently help to create a positive business culture when they are content at work. As a result, the employer's brand and reputation may advance, aiding the industry's ability to draw in top people.
Most businesses have this as a top priority because hiring highly skilled professionals may improve their market position and outperform rival companies.
How to improve workplace well-being
Now that we've discussed the importance and benefits of investing in the well-being of your employees, we need to answer one question: how?
Here are some doable steps you can take to make the workplace a better space for your team:
A collaborative work environment is much more fun than one where employees compete.
An effective collaborative environment is created by employees who accept one another. Employees who have the chance to contribute feel a sense of belonging, which can increase pleasure at work.
Provide constant feedback to boost improvement
Successful teams don't work harder; they work smarter.
Focusing on this component is crucial for employee welfare since it can lead to a generally more productive staff. Therefore, to improve employee happiness and avoid burnout, emphasize healthy production.
The most effective teams are those regularly evaluated by leadership and receive worker input regularly.
Make monthly workplace reviews to gain insight into areas where employees could require additional assistance. Obtain input, then adjust as needed.
Support your staff
Nothing is more difficult than having a minimal crew. Therefore, paying attention is crucial when staff members want more backup assistance.
The task is likely too heavy if there's a pattern of requesting extra assistance from numerous personnel across multiple departments. If you don't provide your staff with the needed assistance, they'll burn out and start looking for other jobs.
Being empathetic as an employer can improve employee loyalty. Perhaps most importantly, empathic behaviors might reduce burnout when many people depart their jobs due to stress.
Think of hosting a lunch and learn event and inviting a psychologist to speak on the advantages of empathic behavior for your health.
It not only helps employees feel better about themselves by training them to be more kind and patient with others but also makes the workplace safer and more enjoyable.
Streamline workflows whenever possible
One possible stressor is that employees may be experiencing inefficient administrative workflows.
For example, is time off requests taking too long? Do they waste quite a lot of time looking for a copy of a document that should be easily accessible by everyone?
These little hitches often snowball into something big, so before it does that, iron out the kinks.
Utilize an HR solution like Hezum to automate leave scheduling, onboarding, and database management. This way, you also give your HR staff more time to delegate their resources and focus on supporting the team.
There is no denying that healthy employees perform at their best.
A strong, effective business or organization is built on the welfare of its employees. The ideal atmosphere for all employees to thrive can be created by being proactive rather than reactive.