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Employee Well-Being - Coggle Diagram
Employee Well-Being
What is employee Well-Being?
A measure of a persons happiness, psychological, emotional and mental state.
Orgainisations should worry about employee wellbeing as it:
Improves productivity, quality of work and overall morals.
Increased retention rates
Better able to attract quality candidates
More likely to avoid high costs associated with a absenteeism, presenteeism, injury and illness
What leads to employee wellbeing?
Research indicates employee well-being to be an outcome of the intersection of an employee's work and family life.
The intersection of work and family/life results in three main outcomes:
Conflict
Enrichment
Balance
Employee Well-Being in the 21st Century
Factors Challenging Employee Well-Being
Disputes in the workplace
Lack of Job Security
Advancements in technology (robots taking over manufacturing)
Rise in Dual-Income/Career families (both partners in the relationship are working more than ever)
Aging population (less labour turnover)
Factors that Encourage Employee Well-Being
Being more engaged in work
Having a manageable workload
Real life Example
An increasing number of companies are making employee well-being a top priority due to it being conducive to a productive working environment
Microsoft Example
Microsoft give their employees many perks and benefits that are not usually available at other places of employment.
These include more sick leave than most of the other fortune 500 companies.
Great discounts on products (40-80%)
Ranks in the top 2 in employee satisfaction in the United States silicon valley companies
Implement the 70/20/10 rule
Work-Family Conflict
Forms
Strain
Behaviour
Time
Direction
Work to Family
Family to Work
Factors influencing family-work confliect
Work
Family supportive supervisor
Family supportive organisational policy
Individual
Family
Instrumental:
Emotional:
Public policy