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Let's talk about employee happiness

The success of a company directly depends on the happiness of its employees. A happy and satisfied employee is an important element of any company's success. The world has changed dramatically in recent years. In addition to the financial component, an employee's performance is significantly influenced by their "general sense of happiness and well-being".

Today, we're going to look at what the well-being concept of an employee is and what components it consists of, and even share a cool study!

A well-being employee

What is the " well-being employee " concept? It is the creation of an environment for achieving satisfaction that allows an employee to thrive and reach their full potential for the benefit of themselves and their organization

Here are 5 components that influence the state of human well-being:

  1. Physical health. It is a sense of confidence in the future, security and medical care. It means proper nutrition and sufficient physical activity.
  2. Career. It means clear and fair growth prospects and the opportunity for self-realization.
  3. Social component. It is an atmosphere of trust and respect in the team. It is a team of like-minded people where everyone's opinion is taken into account. It is the observance of work-life balance: for example, not calling an employee on vacation, weekends, after work.
  4. The financial component. It is not just a "piece of bread" but an opportunity to take care of yourself and your family, to fully meet your needs and relax.
  5. The ability to contribute to society. This is the main difference between "good" and "great" life. Benefiting others is one of the most basic human needs.

If at least one of the above factors is lacking, a person is not able to give 100% to their work. Hence the conclusion: if the company helps to improve the well-being of employees, their engagement will increase, and accordingly, business performance will increase.

All the above criteria of employee well-being have a direct impact on the following indicators of the company's development:

Productivity

A comprehensive well-being approach increases productivity. When employees feel good, their lifestyle is healthier and they make better decisions.

Team

Feeling valued as an employee leads to increased competence. An atmosphere of openness and trust fosters the development of new skills and better decision-making.

Talents

If the company maintains a work/life balance, if the employer respects and values its employees, then attracting new talent and retaining existing ones is no longer a problem. Qualified professionals are looking for work in such companies.

Brand

Happy, well-being employees are the most valuable brand ambassadors at all levels. They are interested in promoting the company's products and services and have better contact with both business partners and customers.

RAND Corporation research

Research by the American company RAND Corporation has shown that taking care of employees not only improves their physical and mental health, but also saves employers $136 per employee every month. How does this happen?

  1. Reduced healthcare costs

When employees change their behavior to a healthier model (e.g., quitting smoking, eating fruit instead of chips and snacks, going to the gym instead of drinking beer at the bar, etc.), chronic diseases recede or do not become acute. There are fewer sick leaves and absenteeism, and staff are not distracted by health problems.

  1. Reduced risks of workplace injuries

Physically and mentally healthy people are more attentive and responsible, react faster in difficult situations and make the right decisions.

  1. Increased staff engagement

Employees of a company that takes care of its staff feel more confident and calm, appreciate their work and are proud of their company, invest more in business processes and get better results.

  1. Reduced staff turnover

Finding and training a new employee is expensive. Do you remember that a specialist who is dissatisfied with his or her life wants to change his or her job 2.6 times more often?

  1. Reduced costs for retaining talent and finding new qualified employees

"Well-being" companies attract high-level professionals. Satisfied employees are not in a hurry to look for a "better place" talents work for the benefit of the business.

The Well-being concept is just beginning its development in medicine, but it is already bringing significant results to the clinics that implement its methods. After all, it is about people, about caring, which is invariably reflected in the formula "well-being person = effective employee = consistently successful business". This is when both the employer and the employee win.