Boosting Employee Well Being: Flexibility & Security at Work
The evolving nature of work in the 21st century has brought about significant changes in the relationship between employers and employees, with globalization, technological advancements, and economic uncertainties disrupting traditional career paths and placing new demands on organizations and their workforce. Lacking adequate job flexibility or security can have detrimental effects on employee well-being, leading to higher rates of depression, anxiety, stress, and burnout, as well as physical and social strains that spill over into non-work domains. However, research has demonstrated that by adopting flexible work policies, such as flexitime, compressed workweeks, remote work, and paid leave, and ensuring job and financial security through measures like living wages, retirement plans, and just-cause termination policies, organizations can foster greater employee well-being and engagement, which in turn benefits business performance and the ability to attract and retain top talent. Underpinning these efforts is the crucial role of a culture of trust between managers and workers, characterized by open communication, collaborative problem-solving, and fair, individualized consideration of employee needs and contributions. By championing these research-backed strategies at the leadership level, organizations can create a work environment that supports the evolving demands and whole-person well-being of the modern workforce.