Nowadays in corporate world, we often hear the terms: company culture, work-life balance, or employee’s well-being… What does it really mean?
Companies continue to compete to attract the best clients but they also want to position themselves in the business market as companies that take care of its employees and value them.
We have witnessed a change of culture from: ‘’increasing turnover and productivity while reducing cost’’ to ‘’investing in employees’ well-being’’. Companies’ owners start to understand that they cannot have healthy company with healthy bottom line without having healthy employees. A healthy employee is a well-balanced individual who is happy spending equal time between personal life and professional one. This employee performs at his peak and make the team perform at its peak as well.
Work-life balance is an important aspect of a healthy work environment. Maintaining work-life balance helps reduce stress and helps prevent burn-out in the workplace.
As per Forbes, ‘’With the millennial generation of workers projected to take up 75% of the workforce by 2025, many leaders think it’s time to redefine what work-life balance looks like.’’
Multiple studies indicate that happy, healthy and engaged employees are more productive and reduce costs in a company.
PWC Researches revealed that 83% of employees feel their well-being influences productivity, and 33% said poor well-being had been a factor in leaving a job. Investing in employee’s well-being means simply investing in company’s productivity that could impact directly the profit. The most important resource of a company is its employees and neglecting their well-being would lead to lose your high potential and high performers. You will spend energy, time and money to recruit new ones, train them and might do the same mistake again.
Offering nice offices and cafeteria to employees is a complementary support to their well-being but not an alternative. Investing in their growth and development inside and outside their work place will make them healthier and happier. Implementing a well-being program such as offering weekly yoga class can help employees to decrease their stress, a nutrition program to create awareness about emotional eating and help them keeping their body healthy, offering them life coaching program to let them gain clarity about their goals, achieve it and enhance their interpersonal skills, sending them to conferences will let them position themselves as industry insiders thus strengthen their self-confidence… Many ways exist to support employee well-being and let them progress. Progress is not inevitable; it is up to you to create it.
“Without continual growth and progress, such words as improvement, achievement, and success have no meaning.” Benjamin Franklin