Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Growing Importance Of Employee Wellness: How Are You Responding? In the last few years, the whole world has experienced an event at the exact

image text in transcribedimage text in transcribed
The Growing Importance Of Employee Wellness: How Are You Responding? In the last few years, the whole world has experienced an event at the exact same time; the pandemic gave every country a crisis, and we all watched on as everyone managed it in differing ways. Some countries offered varying support packages. Some employers gave their staff the opportunity to work from home while others were unable to. There was the mass realization that commuting was not always necessary. Either way, one of the many ripple effects of Covid-19 led to a laser-beam focus on the world of work like never before. Employees realized their worth, and there has been a huge transformation in mindset; many employees are speaking up more about the issues that matter most to them. They are being clear about their needs and wants. If their current employer does not meet those needs, they are finding a new one that does. The 'Great Resignation' Many employees want to work at a company that aligns with their values and ethics while also respecting their work-life balance. The pandemic proved how fragile life is and how quickly everything can change. Assuch, many people want a job that can happily coexist alongside their personal lifenot something that competes with it. According to Workplace Intelligence, *Since April 2021, more than 15 million people have left their jobs in what is being called the \"Great Resignation.\" All signs point to the quit rate continuing to accelerate in 2022, and 55% of workplace professionals say they expect employee turnover to increase.\" These factors have led to companies addressing their working culture as they scramble to retain their &lent. But in my view, it has never been easier to find out what employees want: We have an impassioned workforce who are all loudly saying what they need from their employer. The question is, what are you going to do about it? How are companies tackling the issues? Companies like Amazon have increased their salary offerings to attract new talent; others have added to company perks; bonuses, staff discounts, upskilling and financial wellness benefits. But these things are not enough. According to research by Oracle, 88% of workers feel their definition of "success has changed, and they are now prioritizing work-life balance, mental health and having a meaningful job over a steady paycheck. Many HR and employee experience professionals are putting championing wellness in the workplace as a strategic priority for 2022, and for important reasons too. The last couple of years have put a spotlight on the importance of mental and physical wellness. A multi-year pandemic has made employees and employers alike realize that a healthy workforce is not important from a moral standpoint but also from a financial standpoint. Research from a mental health charity showed that *FTSE 100 companies that prioritize employee engagement and well- being outperform the rest of the FTSE 100 by 10%." They go on to say that companies who support staff well-being \"reap the benefits through enhanced morale, loyalty, commitment, innovation, praductivity, and profitability. Open and supportive workplaces benefit everyone - employees, employers, and the bottom line.\" Well-Being Initiatives The overwhelming return on all of this research is that well-being is the number one issue that companies need to address in order to thrive. Employees who are not happy may want to work less, see fewer reasons to be loyal to the company and no longer see a salary as a valuable return, if the sacrifice is their mental health. Inlight of all this, | think well-being and company culture initiatives must be at the top of every company's list if they want to continue being successful, These initiatives are not just empty gestures, like putting some money behind the bar at the holiday party; it's a complete overhaul of the company culture. What are your values as a company, your ethics? In order to have a happy workforce, start by examining what it is you are offering. If you have a strong set of values, during the recruitment process, you will likely find the people applying will want 1o work for you because of those, and they are much more likely to fit in with the rest of the company and be happy with the culture because you have already signposted what it is you expect. Employees do not want grand gestures; they want trust until there is a reason to question it. They want flexibility so that if they have a childcare issue, they can pick up the phone and let management know without fear of judgment. And they want, basically, to work under the proviso that they are human and sometimes life happens, and it's okay for that to take priority sometimes. | have found the only way to achieve this successfully, though, is to start from the top and work down-no more closed doors and \"big boss\" cultures of fear. It is time for the era of empathetic leadership, from the top to the bottom of the ladder, and if a company does not learn to adapt, people will remove themselves from choppy waters to smoother seas. 50, now is the time to ask yourself. How are you creating a company culture that values staff and prioritizes employee well- being and happiness? you-responding/?sh=108c70597afa QUESTION 1 [10 MARKS] Discuss the organisational results that follow the effective implementation of employee wellness programmes. Use suitable information presented in the article to support your discussion. QUESTION 2 [8 MARKS] Despite the growing importance of employee wellness in the contemporary world of work, discuss the reasons why companies are reluctant to adopt employee wellness programmes. QUESTION 3 [12 MARKS] With reference to the article provided, detail a thorough description of how a company through their management can create a company culture that values staff and prioritizes well-being and happiness

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practical And Effective Management Of Libraries

Authors: Richard Moniz Jr.

1st Edition

1843345781, 978-1843345787

More Books

Students also viewed these General Management questions

Question

2. Avoid controlling language, should, must, have to.

Answered: 1 week ago

Question

5.3 Explain internal recruitment methods.

Answered: 1 week ago