Insights
Russell Reynolds Associates: How Investing in Employee Wellbeing Can Radically Improve Organizational Culture
Despite being important to organizational success, employee wellbeing is often difficult for leaders to define and take action on.
Wellbeing goes beyond a healthy work-life balance and competitive pay—it encompasses individual experiences, manager perceptions, and organizational culture and performance. SHRM research shows that organizations that foster a positive work environment have lower turnover, thereby retaining talented and motivated employees. For leaders looking to retain top talent, this holistic view is crucial.
To bring more clarity to the wellbeing conversation, Russell Reynolds Associates ran a correlation analysis of their recent Divides & Dividends sustainability survey. They then identified three attributes that contribute to an employee’s sense of wellbeing within their organization. Employee wellbeing is determined by whether an individual feels:
- Inspired by the people they work with;
- Included in the culture of the company; and
- That they do no have to sacrifice who they are to be successful at the organization.