Employee dissatisfaction on the job is a major concern for most businesses. According to Forbes, employees that are disengaged in the workplace cost U.S. companies a loss of up to $550 billion in annual revenues. Disengagement affects everything from productivity to customer satisfaction. Strategizing ways to make employees more inclusive and empowered bolsters a sense of identity and alignment with their companies. Highlighting the company mission offers clarity to workers. Providing opportunities for development and growth, as well as, working remotely from home can be more valuable than salary increases. Worker engagement usually translates to higher retention rates and revenues for employers.
Thinking and rethinking Incentives
Pioneering businesses understand that in order to maintain a talented pool of workers incentives have to be relevant. CEOs and company leaders must realize potential personnel are more receptive to work-life balance initiatives. A commitment to this can lead to sustainability.
Programs focusing on financial support
According to the Federal Reserve, 40 percent of the U.S. labor force can’t cover a $400 emergency expense. Career Builders Online Survey by Harris Poll claims that 78 percent of Americans live pay check to pay check. Thus, evidence shows that adopting initiatives that educate workers on debt and finances benefits their overall health and wellness, reducing stress.
Taking a holistic approach
Stress factors into every aspect of an individual’s health and wellbeing. Businesses improve culture in the workplace by rendering employees’ relatable solutions counteracting societal hardships. Offering benefits and perks that satisfy the total worker wellbeing ensures that all their needs are adequately met. Programs that meet emotional, physical, financial, social, mental and spiritual needs have shown to increase both productivity, and engagement.
Convenient, Easy-to-Use Resources
Offering resources that facilitate employees with straightforward guidelines on the use of organizational tools. Learning to navigate apps and platforms that are uncomplicated minimizes anxiety, thus benefiting worker wellbeing. Goal achieved: employee satisfaction, a win-win.
Invest in Your Employees
Attention paid to the health of employees in workspaces is invaluable. Happy, engaged, healthy employees mean more likely than not, employees will thrive, wanting to stay. Make certain employees are aware of company goals and strategies. Allow insight into knowledge about customers and competitors. Discuss weekly feedback so individuals and teams know their performance output. Frequent recognition should also be conveyed. Companies need to evaluate relationship-building skills between peers and management. Acquiring this data aids in assessing worker involvement, and whether staff believe that they are invited to the table of collaboration and shared ideas.
Businesses should incentivize workers, like offering onsite salons and barbershops that deliver beauty and grooming services before, during or after work for employee convenience. These resources display employee appreciation and show empathy for worker time constraints.
Fitness Wearables are innovative technology that employers can provide employees to monitor fitness, render biofeedback, and collect physiological data for purposes of detection and disease prevention, which stands under the umbrella of wellbeing and trends in 2020.