What Is the Status of Your Employees’ Well-Being?

With the labor market being tight, companies are competing for good people – and competing to hang onto them. Consequently, more and more, employees are expecting their employers to invest in their well-being. HR professionals, from CHROs on “down,” agree this is necessary, but other members of the C-Suite are not as enthused about doing so, according to a survey by The Conference Board. Following are the high points of the findings in that survey: 

• Employees now expect their employer to invest in their well-being, and CHROs have responded. 

• Advances in self-reported employee well-being have stagnated. 

• CHROs need to convince their C-Suite colleagues of the business case for well-being. 

• To generate forward momentum for employee well-being, CHROs should collaborate across the C-Suite to embed it into the business strategy and culture. 

The financial pressures from an “iffy” economy must be taken into account by top management. Employees are usually a company’s principal asset, so it is in Management’s best interest to preserve and enhance that asset.