The success of every business or organisation is reliant on a myriad of factors, but the most important, according to us, is employee well-being. Happy employees will not only have better engagement with the company they are working for, but they are also more likely to stay longer where they feel appreciated.
Given the importance of employee well-being, it’s crucial to understand what it’s all about so you can do your best as an employer.
Starting With the Basics, What’s Employee Well-Being?
In simple terms, employee well-being is the holistic measure of an employee’s emotional, physical, and mental health at their place of work. It covers everything related to an employee’s working life, including the working environment, home life, social relationships, financial comfort, and other crucial factors.
As an employer, you not only need to understand what employee well-being is but also come up with creative solutions to promote it. That’s where teaming up with experts like Plus One Workplace Well-Being comes in. Not only do you get access to the best workplace health and wellness programs, but also other bespoke solutions to enhance the overall employee well-being in your organisation.
Employee Engagement Vs. Employee Well-Being
It’s common to come across these two terms when looking for solutions to keep your employees happy at work. While most people use them interchangeably, they don’t mean the same thing. So, what’s the difference?
Employee well-being in workplaces, as mentioned before, is all about how your employees feel about various aspects of their lives in connection to their work lives. Employee well-being, therefore, tries to answer the following question, “Does an employee have everything they need to perform their best?”
Employee engagement is a tad different, in that it concentrates on the emotional commitment that an employee has to a company and its objectives. Good employee engagement automatically means that your workplace well-being is well-optimised, even though there is always one or more things you can do to improve.
Ensuring you’ve got the right employee engagement is crucial if you want to enjoy the following benefits:
- Higher profits
- Reduced absenteeism
- Better overall productivity and efficiency
- Enhanced business connectivity and performance
- Improved employee retention and lower staff turnover rates
Key Domains of Employee Well-Being
Understanding the main domains of employee well-being will always give you an upper hand in perfecting workplace well-being. In that light, the following are the main areas of employee well-being that you should care about:
1. Health
This one is mainly divided into physical and mental health. Providing health benefits such as health and wellness programs will undoubtedly increase your organisation’s overall well-being performance. That’s typically because it makes your employees feel you care about them, not just the results they bring to your organisation.
2. Workplace Configuration
How you configure your workplace determines what the working environment, management, and job demands will be like. All these subfactors will eventually affect employee well-being. That’s why you should be careful with configuring your workplace, and even get help if necessary.
3. Personal Growth Opportunities
Are you offering the right and/or enough opportunities for your employee to thrive in their personal lives? Personal growth opportunities revolve around emotional benefits such as positive relationships, creativity advantages including innovation workshops, and career development support.
Make sure to examine your organisation’s layout as closely as you can to ensure you’re offering all benefits in this domain to give the overall workplace well-being a boost.
4. Financial Well-Being
This one is a crucial field in employee well-being, and it’s all about offering all the usual benefits that employees expect and more. Some of the benefits you should offer here include retirement planning, fair pay rates, and where possible, unique benefits like low-interest loans.
Optimise Employee Well-Being for Your Business
Paying great attention to the well-being of your employees is a crucial input to the overall success of your business, which is why you should give it a serious thought. While you can do this by yourself, teaming up with experts will not only make it easier for you so you can concentrate more on core operations, but you also get the most appropriate solutions for your business.
Plus One provides the best solutions in the market, so visit their website to learn more about employee well-being as you explore the range of solutions they offer in this area.
