Employees' physical, emotional, social and financial health directly affects their productivity and engagement making employee wellbeing a business imperative. We help organizations build a resilient workforce connecting wellbeing to work and rewards, health and safety, diversity, equity and inclusion (DEI), climate, and other environmental, social and governance (ESG) imperatives. We help you to ensure your employees are physically thriving, emotionally balanced, financially secure and socially connected and support you to establish the best strategy and solutions to suit both employee and employer needs.
What is employee wellbeing?
Employee wellbeing is more than programs or one-time initiatives. In the workplace, wellbeing is a shared mindset with aligned behaviors, enabled through leaders and managers. Employee wellbeing becomes part of the culture when it is:
- Embedded in the employee experience
- Reflects organizational values
A successful approach to employee wellbeing makes connections to your:
- Total rewards
- Employee benefits
- Work and safety practices
What are the 4 key dimensions of wellbeing?
A holistic approach to wellbeing incorporates four dimensions:
- Physical wellbeing: To thrive physically employees should be able to understand and manage their health, take appropriate preventive measures to improve it and effectively deal with chronic conditions. Ultimately, employees should be able to navigate and recover from acute illness or unexpected injury and successfully return to optimal functionality at home and at work.
- Emotional wellbeing: For employees to be emotionally balanced, they must be self-aware and able to develop positive mental health skills – including resilience, stress management and the ability to cope with emotional triggers. Emotional wellbeing also encompasses employees’ capacity to deal with life crises and address substance use and addiction issues as well as other mental health disorders.
- Financial wellbeing: Achieving the state of being financially secure requires the ability to manage budgetary commitments, meet financial goals, protect against risks, and save for contingencies and future needs such as college, home ownership or retirement. Financial resilience skills are a key aspect of financial wellbeing, enabling employees to cope with financial shocks.
- Social wellbeing: Social wellbeing is about being connected to your work, your family and community and your purpose. Understanding how to support and collaborate with others, accepting and fostering diversity, and being inclusive are key elements of social wellbeing. Social wellbeing includes cultivating your sense of belonging and your personal value.
Each dimension, although unique, is inextricably linked with the others. A holistic approach to fostering employee wellbeing extends beyond employees to include families, organizations and communities. As a result, the ideal approach to wellbeing keeps the employee at the center and is truly integrated with all aspects of organizational culture.
What is the business value of employee wellbeing?
The pandemic, along with other disruptors – geopolitical tension, social unrest, climate change and economic uncertainty – have accelerated the need for employers to actively support employee wellbeing.
Our research reveals that organizations with higher levels of wellbeing achieve:
- Better business outcomes
- Higher levels of employee engagement
- Improved revenue
- Greater customer satisfaction
- Fewer safety incidents
Employees who are physically thriving, financially secure, emotionally balanced and socially connected are more engaged and productive.
Employers remain committed to employee wellbeing programs and are evolving their approach to embed wellbeing in the culture of their organizations, connecting it to organizational purpose and sustainability efforts.
How do you unlock the business value of employee wellbeing?
Addressing wellbeing requires a comprehensive strategy and a robust governance process, enabling execution through the right tools and programs for leaders, managers and employees.
We start by understanding your current approach and future vision for wellbeing, setting clear objectives and developing a strategy to achieve your vision and the right roadmap to get you there.
We work with clients to: