How Employee Well-Being Drives Engagement and Business Success
In previous generations, a fair wage and safe working conditions were enough to engage employees. However, in today’s workplace, no conversation about employee engagement is complete without talking about employee well-being. Modern leaders inspire employees by meeting their psychological and self-fulfillment needs. They require meaningful relationships, a sense of belonging, and purposeful work. Nowhere is this more evident than in the generations of young people who have been exhorted to “follow their passion” in their careers. To engage modern workers, leaders and organizations must prioritize well-being.
It’s clear that business leaders are catching on. According to Forbes, the corporate well-being market is now estimated to be $20.4 billion in the U.S. and is forecasted to grow to $87.4 billion by 2026. Smart leaders recognize that well-being is not only critical to employee health, but to bottom-line results as well. Workplace well-being minimizes expenses, retains top talent, and results in greater profitability.
