Business leaders that put family first can effectively future-proof their workforce and increase their economic growth potential.
FREMONT, CA: According to a survey by ResumeBuilder.com, almost 23percent of American employees will be looking for a new job in 2022, following a trend that peaked in 2021. Employee well-being and flexibility are two of the most sought-after benefits for American workers. Still, firms in other countries are ahead of the US in finding the correct balance between benefits and net advantages.
Weekends are insufficient to give the necessary balance and rest for well-balanced workers. Fast-paced, unsustainable corporate cultures, on the other hand, have been celebrated and slowly accepted as usual for many workers, particularly in the United States, for decades. There are indicators worldwide that a more balanced workplace culture and adherence to paid time off isn't limiting achievement or putting it out of reach. International employees bring with them traditions that are ingrained in their social structures and cultures; for example, many European countries slow down during the summer months. Every year, French workers must take five weeks off, which many people do in July and August. The noon rest "siesta" is well-known in Spain. Still, it is more generally done in the Mediterranean and warm-climate countries such as Greece, Israel, Nigeria, the Middle East, and the Indian subcontinent. Some international companies are going beyond vacations and experimenting with four-day work weeks; studies in Iceland, for example, have demonstrated success and improved employee happiness and mental health.
Employees' daily stress levels may not be simply due to work-related issues; external lifestyle factors also play a role in the burnout that many people suffer. From an employer's standpoint, events like tax season and economic inflation are impossible to affect, but employers can assist their employees in obtaining resources to help them. Companies in various nations have successfully implemented a strategy of switching from bi-weekly or monthly to weekly pay periods. Companies in India, Australia, and New Zealand have established a weekly pay schedule to assist employees in getting paid faster and reduce the burden of having to pay expenses every week. This regularity, as well as the assurance of financial security each week, can make a significant impact on employees' overall happiness. According to statistics, minimizing financial stress has a substantial effect on worker success and productivity. According to one study, financial stress costs businesses an estimated USD4.7 billion each week in lost productivity.
See Also : Emplooyee Benfits Companies