The world was brought to a virtual standstill by the unprecedented effects of the COVID-19 health crisis. Words like “coronavirus”, “work from home”, “pandemic” and “vaccination” became the new buzzwords for the general public. In such a time, corporations and employees across the globe began rethinking their priorities vis-à-vis the work-life balance, health effects of the job and a general trend toward focusing more on health and wellness as a bigger part of the corporate experience.
As we continue with the second year of COVID-19, the impacts of remote work and social distancing are still being felt, albeit differently now. The focus on helping employees maintain a healthy balance between work and general well-being is still paramount, with many companies offering health benefits and incentives to attract and retain employees in the corporate workspace.
Imagine picking and cultivating a team of talented individuals who are carefully selected for their potential to help develop the company into a Titan of industry and innovation. Now think about those same team members slipping away from the company due to the workplace culture, improper communication, incentivization and engagement! A true horror story for any ambitious company and HR leader who wants the company to scale new heights.
According to research conducted by Gallup, a strong workplace culture increases KPIs across industries, including up to 85% net profit increase over a 5-year period.
In a recent LinkedIn poll conducted by ekincare, 53% of respondents said that the company culture was the most important factor influencing their retention within the company, with 25% saying it was rewards and recognition keeping them engaged.
This simple poll goes to show that the importance of company culture in the modern workplace cannot be overstated.
Additionally, teams should be encouraged to cooperate across departments as frequently as possible. This way, teams will have a better idea of the roles everyone fulfils in the organization and will feel inspired to try different working styles and viewpoints that may help them perform better in the future.
In the post-COVID workplace, health and wellness are of utmost importance. This includes the mental health of both leaders and team members in the corporate workplace. Having a good workplace culture will go a long way in retaining the talented employees who bring value to the organisation, and having a well-thought-out, personalized and customizable corporate health benefits plan will help employees feel safe and secure while they perform their duties. Health is wealth, and that has never been truer than it is today for corporations worldwide.
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