Physical, mental, and financial well-being are all intertwined with social well-being. However, because it is a new phrase, there may be some misunderstanding regarding what it signifies.
The degree to which an employee feels a sense of belonging at work is social well-being in the workplace. Social wellbeing is about feeling valued as a person, colleague, and employee, from interactions with coworkers to alignment with company ideals.
Companies that see the value of investing in their people as actual resources. They are adopting a more holistic approach to meeting their different demands. Workplaces are an important part of an employee’s life. Maintaining strong connections between employees and their families, communities, and coworkers is a comprehensive approach to delivering workplace benefits.
WHY SHOULD IT MATTER TO EMPLOYERS?
We all know that happy employees mean happy customers. But happier employees also mean increased productivity and better retention. All of which leads to a more profitable and efficient firm.
Employee wellness influences all aspects of the employee experience in different ways, and social well-being is no exception. An employee who feels appreciated will be more motivated and diligent to prove their worth and retain that feeling. Employees that have positive coworker relationships are more productive and provide superior customer service. Employees that believe in their company’s principles and CSR programs are more invested in the company’s success. They will work harder as a result. Employees who feel like they belong are more loyal and, as a result, remain at the company longer.
WHY IS IT NOW MORE IMPORTANT THAN EVER
With the recent COVID-19 outbreak, many organizations have realized the influence that employee happiness has on their performance and, as a result, on the bottom line. Companies needed to figure out how to meet the growing demand for empathy toward their workers.
Employees feel more connected, their health improves, and their happiness rises as a result of implementing an employee wellbeing program. All of these elements contribute to a better degree of employee engagement. Employee recognition and appropriate feedback processes largely influence employee engagement.
We saw how critical it is to maintain employee morale throughout the COVID-19 crisis. Employee wellbeing programs can considerably improve employee morale. This includes mental health workshops or a fitness competition across departments or teams.
To recruit and retain employees, 78 percent of firms offer wellness initiatives. The competition for the greatest talent on the market is fierce. High-quality candidates have a lot of options when it comes to choosing their next employment. If you want to recruit the greatest individuals who will ensure your company’s success, you must provide employee well-being benefits that are in line with your future workforce.
WHAT IMPACTS YOUR EMPLOYEE’S WELL-BEING?
- Recognize their work and contributions. Recognition of the employee’s hard work, dedication, and teamwork makes them feel happier and more valued. Furthermore, employee acknowledgment boosts productivity and fosters a culture of gratitude. Overall, employee appreciation can excite your staff and make them realize how important they are to your business.
- Listening to them and providing regular feedback: Your employees desire to be heard! When your employees’ issues go unresolved, they begin to believe that their voice is unimportant and irrelevant. Furthermore, listening to your employees’ suggestions and their work can make them feel like valued members of the company. It gives your employees a greater sense of purpose in their job. As a result, it improves employee engagement and performance. When you provide frequent feedback to your staff, they will feel as if their development is important. Furthermore, your staff can learn how to operate more efficiently, allowing them to enhance their talents and continue their education.
- carrying out seamless communication with them: We are experiencing greater work disruption than ever since the COVID-19 epidemic. Remote work will continue to exist, albeit in a less intrusive form than during the peak of the pandemic. Employee well-being was jeopardized in many firms during crises, but this was alleviated by effective and timely communication. As a result, guarantee that your internal communication runs smoothly and that your employees read the stuff that they are supposed to read. Furthermore, the most significant challenge for remote workers is a lack of communication and collaboration. Providing seamless communication amongst staff is a big way to alleviate work-related stress.
Employee well-being benefits will become more diverse in the future. Employee disengagement, absenteeism, and healthcare expenditures are far too large to be overlooked. As a result, businesses will progressively see the value of employee well-being and begin to provide for their emotional, physical, and financial well-being.