Employee Wellbeing: The Cornerstone of Modern HR Management

Official data extracted from 2019-20 [in the UK] revealed that employees missed a staggering 32.5 million working days were missed on account of workplace-related illnesses, out of which stress, depression, and anxiety make up over 18 million. Of course, it was a time when the pandemic forced organisations to reconsider and give employee wellbeing higher priority than before. Companies are becoming more aware of its vital role, and industries are beginning to understand its relevance. 

What exactly is employee wellbeing?

In combination, the physical, emotional and financial welfare of your staff is called employee wellbeing. It can be impacted by several things, including interaction with peers and co-workers, essential decision-making, and the resources and tools that they have at their disposal besides the overall environment that they work in. The hours worked, compensation provided, and safety in the workplace also have a significant effect on employee wellbeing. 

Undoubtedly, the level of happiness varies between employees. However, it should be high enough for them to stay productive. Other external variables such as housing, family and general health play a pivotal role in work performance. While employers cannot control what transpires outside of office hours, they can still take responsibility for what they can do during work. 

Why is employee wellbeing important?

It is the responsibility of businesses to provide employees with the assistance they require to ensure they stay in good physical and mental health. Despite this, several companies lack a strategy dedicated to wellbeing, which can ideally make workers feel appreciated at work. The move can raise staff morale and inspire them to achieve their objectives. 

Harsh work schedules, inadequate pay, and lack of rest can impact employees. [More and more people are opening up to describe apathetic workplace issues and management’s inaction to improve workplace conditions.] Thus, employee wellbeing is the backbone of all firms, and the sooner modern HR pools understand this, the better. 

Benefits of employee wellbeing

Typically, employees tend to perform better when they are happy. Productivity rises, and more profitable habits are developed, helping them perform better. For instance, employers can contribute to a happy workplace by fostering a healthy work-life balance policy. Additionally, these practices ensure business continuity even during busy times. 

Employee morale takes an upturn with a good wellbeing policy since employees feel valued and competent when their needs are met. Absenteeism rates due to stress and illness are prevented, which can cost companies more than standard healthcare expenses. Anticipated problems can also be eliminated when employers pay attention to their staff’s wellbeing. 

It is best to begin drafting an employee wellbeing program to attract skilled individuals and avoid losing the talented ones. Happy and satisfied staff impact client wellbeing, as well. Many customer-facing employees find engaging in activities promoting the company challenging, especially when they are highly stressed. Therefore, focusing primarily on employee wellbeing programs in the modern HR setting is essential. 

Speak to B2B Connections to create an employee wellbeing strategy based on your organisation’s unique needs and characteristics.