4 reasons why rewarding work is becoming the dominant human resource strategy

Employee wellbeing via rewarding work has emerged as the dominant human resource strategy in recent years, and there are several reasons why this trend is gaining momentum.?

Firstly, the increase in work-related stress and mental health problems has brought the importance of employee wellbeing and psychosocial workplace factors to the forefront.

In an increasingly competitive and fast-paced business environment, employees are facing more pressure and stress than ever before.

Employers have more understanding that a happy and healthy workforce is essential to retaining skilled and experienced staff and therefore the success of their business.

Promoting employee wellbeing that is relevant to each individual can increase job satisfaction, productivity, and overall organisation performance.

Secondly, the rise of remote work has added new challenges to employee wellbeing, such as social isolation, increased workload, and a blurring of work-life boundaries. Employers are taking these challenges into account and are looking for ways to support their employees’ wellbeing, even when they are not physically present in the office. This includes offering flexible working hours, providing access to mental health resources, and encouraging regular breaks and physical activity.

Thirdly, the changing workforce demographics have made wellbeing a priority.

Younger generations, such as millennials and Gen Z, are placing a greater emphasis on work-life balance, and are looking for employers who prioritise their wellbeing.?

These employees are also more likely to switch jobs if they do not feel that their wellbeing is being taken care of, so it is in the best interest of employers to create real and meaningful strategies to support employee wellbeing.

Finally, employee wellbeing is becoming the dominant human resource strategy because of its positive impact on the bottom line.?

A happy and healthy workforce leads to increased productivity, reduced absenteeism, and lower turnover rates, which can ultimately result in improved business performance.?

In conclusion, employee wellbeing is becoming the dominant human resource strategy because of the growing recognition of its importance, the challenges posed by remote work, changing workforce demographics, and its positive impact on business performance.

Organisations who have not recognised or placed enough important on these factors are increasingly feeling the impact on attracting and retaining talented staff and the optimisation of attendance and productivity.?

Engaging with experienced, practical and pragmatic partners like rewardingwork.com.au can ensure that organisations have contemporary strategies to increase alignment, satisfaction and productivity from staff in the 21st century.