Focusing on Employee Wellbeing in HRM

                                     Focusing on Employee Wellbeing in HRM

Singer PLC examples Initiatives inside a business to improve the overall physical, mental, and emotional well-being of its employees are referred to as employee well-being in the context of human resource management. For example, Singer PLC, the top retailer of home appliances and consumer electronics in Sri Lanka, should prioritize employee well-being as the cornerstone of a motivated, engaged, and productive staff. (Marinaki, 2023).

 Here are some instances of how Singer PLC might include employee welfare into its HRM procedures:

1. Programs for Physical Wellness and Health To increase worker productivity and lower absenteeism, physical health must be promoted. Singer PLC may provide a variety of wellness initiatives to keep staff members active and healthy. Here are some instances of how Singer PLC might include employee welfare into its HRM procedures:

Example: 

Either internally or in partnership with a nearby fitness club, Singer PLC provides its employees with every facility found in a gym or fitness center. Employees are encouraged to participate in regular physical activities, such as yoga sessions, walking groups, or company-sponsored sporting events

2. Mental Health and Stress Reduction Mental and physical health are equally important. Stress, burnout, or emotional exhaustion are possible outcomes for workers in high-pressure retail settings. In relation to this subject, Singer PLC may participate in various mental health initiatives.

 Example: 

Employees who are experiencing stress, worry, or personal problems can get private counseling services through Singer PLC's Employee Assistance Program (EAP). The business may also host seminars on mindfulness, stress management, and coping strategies for stresses at work. (Plc, 2022).

 

3. Initiatives for Work-Life Balance Encouraging work-life balance is crucial for the welfare of employees. Singer PLC can implement programs and policies that enable staff members to better manage their personal and professional life. (Plc, 2022).

 Example: 

Singer PLC's flexibility policy enables workers to work from home or modify their schedules to accommodate personal obligations. For instance, workers may be given the choice to work four 10-hour days rather than five 8-hour days

 

4. Financial Wellbeing and Benefits: An employee's overall wellbeing can be significantly impacted by financial stress. Singer PLC can provide tools and advantages that might help workers achieve financial stability and advancement.

 Example:

Employees at Singer PLC have access to financial planning workshops where they may learn about investing, retirement savings, and budgeting. For example, it might provide low-interest loans, salary advances, or even financial coaching to assist staff members in managing their own finances more effectively.

 

5. Opportunities for Career Advancement and Recognition Every employee value feeling valued and seeing their career progress in the appropriate direction. Singer PLC may do this by establishing recognition initiatives and career development opportunities.

 Example: 

Employees will be nominated for "Employee of the Month" or receive yearly awards for exceptional achievement as part of Singer PLC's employee recognition program. These workers could be given coupons, public kudos, or other types of appreciation.

 

6. A comfortable and healthful workplace the key to employee well-being is a highly secure, cozy, and engaging work environment. The business can spend money creating a workspace that promotes both physical comfort and occupational happiness.

 Example: 

The ergonomic design of Singer PLC's offices, retail locations, and warehouses should offer cozy chairs, enough lighting, and peaceful spaces for rest and relaxation.

7. Social and Community Wellbeing of Employees Employees' general well-being may be improved by encouraging a feeling of community and social interaction, which will increase job satisfaction.

Example: 

Through team-building exercises, corporate social responsibility, and family days, Singer PLC fosters employee camaraderie by allowing staff members to connect and contribute to the community together. This removes emotions of loneliness and fosters a sense of community.

 

 

 

Why Employee wellbeing is important?

 

·         Increases employee retention

Employees who are happy stay in their jobs longer than those who are not. People are more likely to stick with their company if they are content in their present position, have a good work-life balance, prospects for growth, and a strong workplace culture. Businesses may be able to reduce the requirement for additional training and onboarding expenses for new hires as a result of this improved employee retention.

 

·         Boosts employee productivity and motivation

Putting employee well-being first can boost motivation and output. The popularity of work music at one time was due to the fact that they raised staff morale and productivity.

 

·         Enhances brand reputation

A brand's reputation may be improved by wellbeing, which increases its attractiveness to prospective new consumers, clients, and team members. According to Jobvite, businesses with strong company values are more likely to attract top talent.
 

·         Improves employee satisfaction and engagement

Employee engagement and satisfaction may be raised through well-being programs. Employees are more inclined to support a positive workplace culture when they are more engaged at work. A respectful and communicative culture fosters more teamwork and makes workers feel more appreciated. Employees will produce their best work when they are happy and involved. 

Conclusion

Conclusion By focusing on employee wellbeing, Singer PLC can improve employee satisfaction, reduce turnover, and increase productivity. Through programs and policies on physical health, mental wellbeing, work-life balance, financial security, and social engagement, Singer PLC creates a work environment that values and supports its employees on all dimensions. This will guarantee that the workforce will feel valued, engaged, and supported through effective HRM, which will lead to long-term success for the company.

 

References

 

Marinaki, A., 2023. resources.workable.com. [Online]

Available at: https://resources.workable.com/stories-and-insights/employee-wellbeing-caring-for-your-people

[Accessed 02 11 2024].

Plc, S., 2022. Singer Plc, s.l.: s.n.

Wren, H., 2024. www.zendesk.com. [Online]

Available at: https://www.zendesk.com/blog/employee-wellbeing/

[Accessed 02 11].