Here are some reasons why employees are a company's most important asset:
- Employee Satisfaction: A satisfied employee is more likely to be productive, motivated and engaged in their work. Happy employees are more likely to stay with the company, reducing turnover and the costs associated with it.
- Skill Development: Investing in employee development not only benefits the individual but also the company. By providing opportunities for skill development, a company can stay ahead of the curve in terms of industry trends and advancements.
- Innovation: Happy and engaged employees are more likely to come up with new and creative ideas that can drive a company forward.
- Brand Reputation: Companies with a positive reputation for employee well-being and satisfaction attract top talent and customers, boosting the company's bottom line.
- Increased Productivity: According to a study by the National Institute for Occupational Safety and Health, happy employees are 12% more productive than their unhappy counterparts.
- Reduced Absenteeism: A study by the Society for Human Resource Management found that companies with wellness programs have 26% less absenteeism compared to companies without wellness programs.
- Improved Retention Rates: A study by the International Journal of Workplace Health Management found that companies with high levels of employee well-being have a 31% lower turnover rate compared to companies with low levels of employee well-being.
- Increased Engagement: A study by Gallup found that employees who are engaged in their work are 21% more productive compared to employees who are disengaged.
- Improved Physical and Mental Health: A study by the World Health Organization found that companies with health and wellness programs have employees with significantly lower levels of stress, depression, and anxiety compared to companies without wellness programs.
As Human Resource Generalists and Wellness Consultants, it is our job to ensure that employees are treated fairly, given the necessary resources to succeed, and are supported in their well-being. This can be achieved through various means such as:
- Employee Health and Wellness Programs: Providing employees with access to health and wellness programs such as fitness classes, stress management workshops, and access to healthy food options can help employees to maintain a healthy work-life balance.
- Employee Engagement Programs: Encouraging employee engagement through activities such as team building, recognition programs, and opportunities for feedback can help employees feel valued and connected to the company.
- Flexible Work Arrangements: Providing flexible work arrangements such as telecommuting, flexible schedules, and part-time work can help employees balance their work and personal responsibilities, reducing stress and improving morale.