How Can an Organization Develop and Execute an Employee Wellbeing Plan?

Every organization must have a healthy corporate culture to succeed.

According to Forbes, nearly 90% of job applicants research the health and wellness benefits that employers provide before deciding to work for them. In the same survey, more than 60% of employers agree that effective employee well-being strategies significantly boost worker productivity and produce favorable economic outcomes.

An effective employee wellbeing strategy prioritizes prevention over treatment, addressing risk factors in the workplace before they become problems.

This article covers all you need to know about workplace health plans, including how to implement them in your organization properly.

What is Wellbeing at Work?

Workplace welfare is influenced by more than just programs. In a word, it encompasses the entirety of our professional selves. If you look at the definition provided by the International Labor Organization, it refers to the caliber and security of the workplace. the atmosphere at work and how things are organized. All activities that fall under the “work” category for workers.

The figures paint a clear picture of companies that have invested in the welfare of their employees. Because three in five workers experience mental health issues as a result of their jobs, organizations can benefit from increased productivity and job satisfaction, which directly affects their bottom line by boosting output and lowering hiring costs.

What’s the Purpose of Creating an Employee Wellness Plan?

The truth is that happier workers are more likely to be engaged workers, and engaged workers are more productive, have a favorable effect on organizational income, and prioritize a culture of workplace welfare.

The health goals of an organization are unique to its employees and its needs, therefore it is crucial to develop a strategy that fits with your company’s culture. It’s crucial to make sure that everyone on the team can participate.

Employees at a company will continue to feel valued and appreciated if they get frequent and clear communication about expectations. Implementing open communication techniques and clearly defining qualitative and quantitative goals reduces employee stress and worry about performance and productivity.

What are the 6 Pillars of Employee Wellbeing?

The six pillars of employee wellbeing are designed to help employers and managers spot possible issues in their staff. We will gain a better grasp of how wellness affects work performance after looking more closely at these pillars in the section given below:

1. Job Security

We all know how vital it is to feel secure in our jobs. Security in terms of having a job for the foreseeable future. Whether you are providing for your family or just yourself, it is essential to know that you have a job that meets your needs and will pay you at the end of the month. It allows you to commit to things, make plans for the future, and, more broadly, contribute to the local economy by buying goods and services from neighboring businesses.

2. Financial Security

Financial security is something we can all connect to. With a few exceptions, the majority of us have worried at some point in our professional lives about how we would pay our bills or about having to use credit to pay for some needs, like groceries. As a result, financial stability is generally recognized but also avoided as a topic of conversation due to the stigma and shame associated with it.

3. Health

Although the majority of people associate this with happiness, health actually comprises a variety of factors, and—more importantly—it is the factor over which we have the most influence. The issue of physical health must be considered. Of course, mental health is a different issue that is now acknowledged as needing attention far more regularly. Given that this is a service that is tailored to businesses, health must be carefully analyzed using the right methodology.

4. Support

Support can come in many different shapes and sizes, such as offering assistance with a job or mental health during a tough time for you personally. Organizational managers and HR teams have a responsibility to recognize situations where a bigger problem could be at play and make sure that employees are receiving the correct help at the right time.

5. Protection

Protection is less clearly defined as a pillar of well-being because it can mean a wide range of things. One of the best ways to understand it is to compare protection to insurance. Life, auto, and even home insurance are all things we buy. A kind of well-being for an employee is protection, which provides coverage in the event of an accident at work.

6. Work-Life Balance

Time management and workload are both crucial. It’s excellent to be able to do all of your tasks in one day, but it’s even better to know how to manage your time and focus on what’s most important.

Additionally, it’s probable that increased professional development will only be achievable with improvements to their personal situations, such as childcare support, a cycle-to-work program, and others. Lack of a healthy work-life balance can cause employees to lose motivation, be less productive, and be unwilling to go above and beyond when called upon.

How to Enhance Wellbeing at Work

It’s crucial to find the appropriate indicators to assess wellness initiatives. But if you don’t start out with the correct wellness efforts, it will all be for naught. Finding your niche will rely on the culture of your company and the expectations of your workforce. Workplace wellness initiatives can range from the bizarre to the sensible.

But that doesn’t mean there aren’t any general concepts for promoting health at work that you might want to take into account. Some of our favorites are listed below.

• Offer Comfortable Workspaces and Promote Collaboration
• Support Fitness and Excercise
• Promote Healthy Lifestyles & Diet
• Acknowledge and Reward Employees for Good Work
• Encourage Time off
• Promote Open Communication

In conclusion, the money you set aside for employee incentives could be used effectively to develop an employee well-being strategy. By implementing such an approach, you increase staff productivity, and retention, and reduce presenteeism and absenteeism.

Also Read: How to Leverage a New Job Offer to Re-Negotiate Your Current Salary?