Today’s employees are looking for a lot more from their employer beyond their salary; they want to be treated as individuals and they expect their employer to understand their wellbeing needs. A health and wellbeing strategy can help to increase employee engagement, create a more fulfilling place to work as well as helping to recruit and retain staff. However, many companies implement wellbeing initiatives in an ad hoc way without considering their workforce’s needs, what might be most effective and what is suitable for their industry. This can mean that the strategy is not cohesive, nor is it easy to evaluate, evolve and improve upon. In practice, this translates into all the policies, activities, and best practices that aim to improve an employee’s health, be it physical or mental. While the traditional outlook on wellbeing was to ensure that employees had access to medical care, today’s workspace focuses on how wellbeing programs help a person feel happy and stay healthy.
Employee wellbeing can be put into multiple categories. These types of wellbeing can help employers determine the kinds of benefits they offer to employees. By including a variety of benefits, they will approach employee wellbeing more holistically and optimize the health of all their employees.
One of the most neglected aspects of employee wellbeing is financial wellbeing. Employees’ sense of security and their feeling of having enough money to meet their needs affects their wellbeing and, by extension, their everyday performance at work.
Nowadays, stress is an overwhelming factor in all our lives. A lot of it can come from the workplace, but even if it does not, it still affects employee performance. Mental wellbeing as a part of employee wellbeing takes into consideration stress, burnout or any other feeling of unease in employees. Mental health benefits, or a company culture in which mental health is openly discussed, can equip employees with the means to take care of their psychological soundness. In turn, employees will take fewer sick days and overall perform better on the job.
As the most traditional part of employee wellbeing, physical wellbeing encompasses prevention or curing physical illnesses. For example, many companies offer fitness incentives or gym memberships to their employees in order to promote a healthy lifestyle and prevent the development of multiple illnesses.