Importance of Wellness Program for Millennial Employees
Importance of Wellness Program for Millennial Employees
January 11 2023 TalktoAngel 0 comments 1350 Views
In order to be successful, corporate
wellness programs
for millennials, it require a distinct strategy. We'll go over this topic's
importance and how to do it in today's article.
Businesses who offered health
benefits in addition to other incentives ten years ago were more likely to be
able to retain and recruit qualified candidates. However, Millennials
prioritize things differently than previous generations did.
Instead of following in the
footsteps of their parents and grandparents, Millennials are taking charge of
deciding how and where to leave their mark in a way that's unique to them and
the environment they live in. Benefits like improved health only have so much
influence since most people are preoccupied with a far bigger issue: their
future, which is creating self-doubt and self-criticism.
While health insurance clearly tops
the list of requirements for workplace wellness program, there are many other practices and
benefits that businesses may incorporate into their operations to draw in a
wide variety of talent. Keeping something running is one of the major
challenges that all businesses face, not getting it to work in the first place.
However, in order for businesses to
remain competitive in a workforce that is gradually changing, they must be
aware of the shifting demands and culture of the workforce that they depend on to conduct their operations. They can
begin by taking the time to comprehend how Millennials' needs may vary from
those of more experienced professionals.
For business, a pandemic was
terrible enough. But new data suggests that businesses might be dealing with a
fresh problem. In the past 12 months, more than two out of every ten
Millennials have moved to employment, and 22% of them indicate they do not plan
to work for the same company for more than five years. And more than seven in
ten Millennials said they would leave their current job for the appropriate
opportunity if given the chance. The reason could be many, one of most probable
causes is work place boreout. Consider this scenario: If nine out of ten of your
millennial employees left the company, what would you do? To overcome such a
situation, you need to take help of best professional EAP Providers in India and Asia Pacific, who with their flagship Online
Counselling, webinars, workshops, assessments, self-care program shall help in
increasing productivity.
A driving force behind millennial
job flipping is the search for better workplace benefits. Surprisingly,
research has revealed that the perks Millennials are most drawn to be
reasonably inexpensive. One example is employee
assistance program
or corporate wellness program.
This is truer now than it has ever
been. Many people have placed a high focus on their health throughout the
COVID-19 outbreak. Fitness, wholesome food, and better hygiene are being
prioritized by more people, who also love the chance to work from home.
Despite the 6.2% unemployment rate,
businesses are still having trouble filling critical roles.
Giving people what they want might
make recruiting the ideal team members simple. The right job benefits are a
significant "want" in this situation.
At the moment, Millennials account
for around 35% of the workforce. When they reach 75%, they will be the majority
in just four more years.
Millennials as a whole think they
are more health-conscious than previous generations. They favor foods with
fewer artificial or processed ingredients and engage in more exercise.
Nearly three-fourths of millennial
workers surveyed by HR Dive concurred that their employer should assist them in
managing and reducing workplace stress. They are encouraged to make good decisions and take an
active role in their wellness by benefits like vacations, gym memberships, and
flexible work hours. Additionally, a staggering 85% of workers said they would
be more likely to take part in corporate wellness programs or initiatives if their employer
provided the necessary resources and support from Top Psychologist in India.
These numbers don't just apply to
the workforce you now have. They can also be effective recruiting tools,
demonstrating your commitment to the welfare of your staff members right away.
Better EAP
or wellness program for employees and fitness-related benefits offer
benefits to everyone, not just employees. Additionally, there are significant,
observable advantages for the business in terms of increased productivity,
talent competition, and employee retention.
For instance, sick days from
employees cost businesses an average of $3,900 per employee annually and result
in a total of 1.5 billion lost workdays. Employees feel forced to report to
work when they are ill in organizations that provide little to no paid sick
leave, which increases the number of missed days and the spread of infection.
However, a paucity of sick days
alone is not the real problem. Going a little further, businesses may encourage
better health by providing the correct wellness benefits through best EAP providers.
These advantages may have a
cascading impact. For instance, productive levels are higher when employees are
healthy and taking regular help or Online Counselling for their mental issues as they miss less days of work
owing to mental or physical illness. A higher degree of employee motivation and
happiness can result from increased employee engagement at work. Without the
need to fill more roles, more may be accomplished in the same amount of time.
Additionally, as the employer is responsible for the majority of the employees'
health insurance premiums, greater employee health ultimately results in cost
savings for the business.
Any expenditure associated with
corporate wellness are simple to justify when you take into account the costs
of lost productivity, low employee engagement, and low retention rates brought
on by a lack of employee happiness.
Corporate wellness Program is a crucial component of
recruitment and employee retention. It not only demonstrates to them that you
are on their side but also supports a more profitable and productive company.
Simply doing this can make your business a place where people truly desire to
work.
If you are HR manager and you would
like to improve productivity and wellness amongst your employees, you just have
to contact No.1 EAP Provider, of India, for interactive session.
Contributions
by: Dr
(Prof) R K Suri, Clinical
Psychologist & Teen Therapist&Ms.
Aditi Bhardwaj
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