For any thriving business, you need thriving employees. But why is worker health and wellbeing critical for an organisations success and why should it be prioritized by senior leadership?
Assessing worker satisfaction is one of the most essential markers in employee engagement. Employees want to be involved in their work, passionate about the company they work for, have a feeling of community, and have flexibility around their diaries/location and not be forced to be in an office Monday – Friday. Despite the inconsistency of hybrid work, employees appear to love it and are reluctant to go back in office full-time. In a McKinsey survey, 75% of all respondents said that they prefer a hybrid working model. Only 25% said they prefer to be fully on-site.
According to a recent Global Human Capital Trends survey, Deloitte asked executives what workers will increasingly value in the next five years. A whopping 86% predicted that they would value a meaningful mission as well as an opportunity to make an impact on it. Despite employee engagement being viewed as positive company-wide, most workers are disengaged at work.
The Great Resignation
There are several reasons people are seeking a change or are disengaged at work, in what some economists have dubbed “The Great Resignation.” For some personnel, the pandemic precipitated a shift in priorities, encouraging them to pursue a “dream job” or transition to being a stay-at-home parent. But for many others, the decision to leave came because of the way their employer treated them during the pandemic.
In the latest Oracle AI@Work global study, 85% of employees claimed that they are not satisfied with their employer’s support of their careers. As people look at what truly matters to them, it’s up to organizations to step up and offer the accurate tools to help their workforce thrive. Those that don’t, will risk losing their greatest asset – their employees.
“Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients.”
– Sir Richard Branson
Employee Benefits
Thirsty Thursdays, ping pong tables, and medical insurance. The list can go on and on and nobody is denying that these are all brilliant perks and bonuses. However, there’s so much more meaning behind the idea of employee care than exciting, artificial comforts. When employees feel they have true business support, they’re more likely to rate and recommend their company as a great place to work. Overall resulting in improved retention, engagement, and productivity. According to Forbes, highly engaged employees are three times more likely to say they feel heard at their workplace (92%) than highly disengaged employees (30%). There is an obvious correlation between care and encouragement, with far more advantages and fewer disadvantages.
In a recent Meet the Boss roundtable discussion in association with Oracle, a senior executive shares, “over the last two years, people are starting to take different views on their careers. I think they are taking different views on where they are in their lives, they are starting to look at their employers in a different way and are often asking am I getting out of this job what I need?” We are in 2022 and businesses should be moving with the phases and not staying in the archaic times that was only a few years ago in 2020.
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