Employee well-being has taken center stage since the coronavirus pandemic has strained every facet of life and work. As trying as this time is and will continue to be, the Institute for Corporate Productivity (i4cp) research shows tremendous opportunity for employers to improve upon existing programs. Despite the massive investment in employee well-being, most organizations don’t perceive their programs to be very effective — fewer than half of those surveyed give high ratings to the effectiveness of their programs.
i4cp’s research shows that embracing such an approach and grounding it in the three foundational aspects of culture, leadership and relationships has a demonstrable impact on performance, innovation and creativity in addition to reports of:
Lower benefits costs
Better attraction and retention of talent
Overall better financial performance
I4cp’s Senior Research Analyst, Carol Morrison, and Limeade Chief People Officer and Chief Science Officer, Dr. Laura Hamill, combine forces to share how high-performance organizations embrace a holistic, “whole person” approach to employee well-being, widening focus beyond physical and mental health to a bigger, more inclusive picture including financial, community, career and social/relational elements of well-being.
“Well-Being is not about a set of benefits. It’s about how much do you truly care for your employees?”
– Dr. Laura Hamill, Chief People Officer and Chief Science Officer, Limeade
OUR FAVORITE TAKEAWAYS
If organizations want to improve the well-being of their employees, they must actively support it.
There is real work that the whole organization needs to do to demonstrate that they care.
Organizations are realizing authentic and active care leads to higher levels of well-being, engagement and retention.