The majority of leaders agree that the importance of employee well-being is increasing
A few months ago, Morneau Shepell’s LifeWorks, the up-and-coming national company known for providing well-being solutions for the workplace, conducted an important qualitative survey involving 25 CEOs based in the US. The latter was designed to highlight how well-being and mental health impact employees in the workplace, and the interesting findings have just been published.
At the present time, particularly with mental health taking center stage in the news: “executives recognize the importance of having effective programs in place to help attract top talent, retain key employees, reduce absenteeism, and increase engagement”. And while it has to be said that some employers are only thinking of their bottom line, employees of all ages who can take part in programs to improve their mental health, will also benefit from the advantages, both in their work and home lives.
The CEO of the Professional Employer Organization, Idilus LLC, Michael Colucci, stated: “Employee well-being ranks number one, because your organization is only as good as the people that you have working for you, and their well-being determines how successful or unsuccessful you’re going to be”.
Most of the Chief Executive Officers surveyed were united in agreeing that: “the importance of employee well-being is increasing”. The survey respondents were very mindful of their employees’ mental health issues and stress, both of which derive from multiple causes, including not having appropriate treatment to stem the problems in the bud. When it comes to a company’s approach to well-being and culture, Millennials are particularly open to treatment programs.
Employee Well-Being Index
Every participant in the survey was in accord, when it came to setting up a extensive employee well-being index. Many CEOs stated that at the present time, they do not have an index or stable measure for their good mental health programs, and all of them utilize different metrics and KPIs.
Further, on the subject of external wellness support, a large percentage of respondents said that they did not feel that their employees take sufficient advantage of this assistance.
Introducing a New Era of Integrated Well-Being
Morneau Shepell’s VP of Research, Analytics and Innovation, Paula Allen, remarked: “Employee wellness is at the top of the agenda for many CEOs, but executives still struggle with methods to properly execute and evaluate that support. LifeWorks is positioned to address these concerns. We partner with organizations to support their employee’s total well-being – physical, mental, social and financial – in a preventative, holistic, high-engagement approach”. And it is this holistic approach which is so very important.
The LifeWorks App
Employees who use LifeWorks’ services, are guaranteed that the support they receive for their mental health and well-being, is kept strictly confidential. They are given free access to a app which is personalized to their needs, and offers 24/7/365 direct assistance. Moreover, company CEOs are given cutting-edge tools so that they can easily monitor their workforce’s mental health.