How Employee Wellbeing 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 wellbeing. 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 young people who want to “follow their passion” in their careers. To engage modern workers, leaders and organizations must prioritize wellbeing.

It’s clear that business leaders are catching on. The global corporate wellness market was estimated at US$ 53 billion in 2022 and is expanding by roughly 4.5% annually. Smart leaders recognize that wellbeing is not only critical to employee health, but to bottom-line results as well. Workplace wellbeing minimizes expenses, retains top talent, and results in greater profitability.