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How Modern Companies Are Caring for Their Employees

Editor's Note: Take a look at our featured best practice, McKinsey Talent-to-Value Framework (230-slide PowerPoint presentation). Curated by McKinsey-trained Executives Unlocking Business Excellence: The McKinsey Talent-to-Value Framework Toolkit In the dynamic world of modern business, staying ahead of the competition means maximizing the potential of your most critical asset – your people. The **McKinsey [read more]

Also, if you are interested in becoming an expert on Human Resource Management (HRM), take a look at Flevy's Human Resource Management (HRM) Frameworks offering here. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can you stay ahead of the curve. Full details here.

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pexels-photo-226616Traditional companies often believe offering a 401(k)-retirement plan and a few weeks’ vacation time is an effective way to care for staff. Yet, forward-thinking companies realize the best way to run a successful company is to care for their team members. Find out how modern companies are caring for their employees.

Mental Health Awareness

Are you aware that approximately 1 in 5 US workers are currently living with a mental health illness? It is essential to provide team members with the help and support they need each working day. Thankfully, there are multiple ways employers are supporting people living with mental health conditions. For example, many businesses have chosen to provide their staff with wellness programs, which cannot only improve their employees’ happiness and wellbeing, but it can positively impact their physical health, too.

It might also be beneficial to improve the cultural awareness of both meditation and mindfulness. You can encourage employees to take a much-needed break to relax and destress by providing a weekly meditation session, mindfulness training or you could even introduce a meditation room.

Occupational Health Training

Have you ever experienced a sleepless night, illness, or lethargy at work? If so, you will know first-hand that work can take its toll on a person’s health and wellbeing. Not only might an employee experience stress or anxiety in the workplace, but they could make simple mistakes that could lead to serious consequences. For example, they could drop an item from a height, press the wrong button on heavy-duty machinery, or could experience a trip or fall in the workplace.

A forward-thinking approach to health and safety can, therefore, help you to care for your employees effectively. Either you or an internal safety professional can now attend ASSE (safety.asse.org), an annual OSHA compliance conference, which can help you learn more about the best internal safety practices and technologies to safeguard your employees’ health and wellbeing.

Greater Flexibility at Work

Allow your employees to maintain a work/life balance by providing flexible working hours, so members of staff can pick up their children from school or attend a medical appointment with ease. Not only will this prove you are a caring, adaptable employer, but it could also help you acquire top talent. For example, 85% of millennials are reportedly looking for positions that provide greater flexibility, so they can meet the demand of both their personal and professional lives.

Customized Health Benefits

Different employees will have different needs. Care for your team and attract the finest candidates by providing customized benefits. Step away from the one-size-fits-all approach and provide employee perks unique to a person’s needs. For example, you could provide transgender inclusive healthcare or mental health counseling.

Conclusion

As you can see, there are multiple ways to care for your employees’ health, safety and wellbeing, while boosting their morale. Simply consider the best options for your company, which will ensure the health and happiness of every member of staff.

18-page Word document
Human Resource Strategy Creating Business Strategy With Human Capital 1. What Is A HR Strategy? 2. How Connected Are HR and Business Strategy? 3. 6 Steps to Craft Your HR Strategy 4. Three Tests of Best HR Strategy 5. Goals and incentives should be aligned with execution of the [read more]

Want to Achieve Excellence in Human Resource Management (HRM)?

Gain the knowledge and develop the expertise to become an expert in Human Resource Management (HRM). Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. Click here for full details.

The purpose of Human Resources (HR) is to ensure our organization achieves success through our people. Without the right people in place—at all levels of the organization—we will never be able to execute our Strategy effectively.

This begs the question: Does your organization view HR as a support function or a strategic one? Research shows leading organizations leverage HR as a strategic function, one that both supports and drives the organization's Strategy. In fact, having strong HRM capabilities is a source of Competitive Advantage.

This has never been more true than right now in the Digital Age, as organizations must compete for specialized talent to drive forward their Digital Transformation Strategies. Beyond just hiring and selection, HR also plays the critical role in retaining talent—by keeping people engaged, motivated, and happy.

Learn about our Human Resource Management (HRM) Best Practice Frameworks here.

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About Shane Avron

Shane Avron is a freelance writer, specializing in business, general management, enterprise software, and digital technologies. In addition to Flevy, Shane's articles have appeared in Huffington Post, Forbes Magazine, among other business journals.




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