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A competitive wage, paid holidays, and a comprehensive benefits package are crucial things to consider when building a workforce that will remain loyal and motivated over time. However, many more factors exist to make the employee’s well-being worthwhile.

They include the following:

  1. Autonomy

Creating jobs that enable people to grow and achieve both independently and in groups is crucial to a company’s long-term success. Leaders need social and interpersonal abilities in addition to business knowledge.

  1. Social Support

Employee interactions influence a person’s health and well-being in good and bad ways. Research shows that 15-18% of workers are demoted or mistreated in their employment. To enhance employee familiarity, cooperation, and communication, provide each employee with information about the company’s internal culture and standards and try out various team-building activities.

  1. Workspace Design

Employee performance may be aided and even boosted by thoughtful workplace design. Because today’s business demands that workers focus and cooperate, office design must encourage both.

  1. Frameworks for Stress Management

Some companies credit their success to a high-pressure workplace, yet they don’t know that this setting has long-term negative consequences. According to the American Psychological Association, occupational stress costs the US economy $500 billion per year, while stress-related absenteeism costs 550 million workdays each year. According to the American Institute of Stress, occupational stress may result in a nearly 50% increase in employee turnover.

  1. Remote Access

Before the pandemic, only a few companies allowed their employees to work remotely. Only a small number of employees would be allowed to work from home, especially those on a contract basis. However, companies were forced to have all their employees work from home during the pandemic. The executives tested the remote working models, and since it was forced on them, many had to find solutions to any challenges. Working from home is crucial in maintaining the well-being of employees. Today, most companies are hybrid, with employees working from the office and others from home.

  1. Fairness and Justice

It is important to ensure that employees are operating in a respectful work environment where they are treated well regardless of position. In the current businesses and workplaces, employees are committed to dealing with disrespect and unfairness by calling it out through various avenues including social media. To avoid negative publicity and mudding the company’s reputation, executives are committed towards justice and fairness when dealing with issues within the company. The same is practiced in other areas such as sharing profits, and while issuing salary increments.