How Full Is Your Bucket?

1. Employee wellbeing is the foundation of organizational success

What if the next global crisis is a mental health pandemic? It is here now.

Wellbeing crisis. The world is facing a mental health crisis, with rising rates of anxiety, depression, and "deaths of despair." This crisis has significant implications for organizations, as employee wellbeing directly impacts productivity, engagement, and overall business performance.

Business impact. Companies that prioritize employee wellbeing see numerous benefits:

• Lower healthcare costs
• Reduced absenteeism and turnover
• Increased productivity and creativity
• Improved customer satisfaction
• Enhanced brand reputation

Organizations must recognize that investing in employee wellbeing is not just a moral imperative but a critical business strategy for long-term success and resilience in an increasingly complex and challenging world.

2. The five elements of wellbeing: Career, Social, Financial, Physical, Community

Gallup's goal is to discover and quantify the difference between the best possible life and the worst possible life.

Holistic approach. Gallup's research has identified five essential elements of wellbeing that contribute to a person's overall life satisfaction and performance:

1. Career: Liking what you do every day
2. Social: Having meaningful friendships
3. Financial: Managing your money well
4. Physical: Having energy to get things done
5. Community: Liking where you live

Interdependence. These elements are interconnected and mutually reinforcing. For example, strong social connections can improve career prospects, while financial stability can support better physical health. Organizations that address all five elements create a more comprehensive and effective approach to employee wellbeing, leading to better outcomes for both individuals and the company.

3. Career wellbeing is the cornerstone of overall life satisfaction

What the whole world wants is a good job.

Job satisfaction impact. Career wellbeing is the most critical element of overall wellbeing, as it directly influences other aspects of life. People who enjoy their work and feel a sense of purpose are more likely to:

• Experience positive emotions throughout the day
• Have better relationships with colleagues and family
• Make healthier lifestyle choices
• Contribute more to their communities

Engagement strategies. To improve career wellbeing, organizations should focus on:

• Aligning employee strengths with job responsibilities
• Providing clear expectations and regular feedback
• Offering opportunities for growth and development
• Fostering a sense of purpose and meaning in work

By prioritizing career wellbeing, companies can create a foundation for overall employee satisfaction and performance.

4. Social connections at work boost engagement and productivity

Three in 10 employees strongly agree that they have a best friend at work.

Workplace relationships. Strong social connections at work are crucial for employee engagement and productivity. People with close friendships at work are:

• More likely to be engaged in their jobs
• Less likely to experience burnout
• More innovative and collaborative
• More resilient in the face of challenges

Fostering connections. Organizations can promote social wellbeing by:

• Encouraging team-building activities and social events
• Creating collaborative work environments
• Recognizing and rewarding teamwork
• Providing opportunities for cross-departmental interaction

By fostering a supportive social environment, companies can create a more engaged, loyal, and high-performing workforce.

5. Financial wellbeing requires more than just a good salary

Given that it is a satisfaction item, the first item (Q00) is scored on a satisfaction scale rather than on an agreement scale.

Beyond compensation. Financial wellbeing is not just about how much money employees earn, but how well they manage their finances and feel about their financial situation. Key factors include:

• Ability to meet basic needs
• Feeling of financial security
• Capacity to plan for the future
• Freedom from financial stress

Organizational support. Companies can enhance employees' financial wellbeing by:

• Offering comprehensive financial education programs
• Providing tools for budgeting and financial planning
• Ensuring fair and transparent compensation practices
• Offering benefits that support long-term financial security (e.g., retirement plans, health insurance)

By addressing financial wellbeing, organizations can reduce employee stress and improve focus and productivity at work.

6. Physical health directly impacts work performance

Physical wellbeing is about managing your health so that you have the energy to do all the things you want to do.

Health-performance link. Physical wellbeing is crucial for sustained high performance at work. Employees with good physical health:

• Have more energy throughout the day
• Experience less absenteeism
• Are more resilient to stress
• Have better cognitive function and decision-making abilities

Wellness initiatives. Organizations can support physical wellbeing through:

• Offering health insurance and wellness programs
• Promoting work-life balance and adequate rest
• Creating ergonomic work environments
• Encouraging regular physical activity (e.g., on-site gyms, standing desks)

By investing in employees' physical health, companies can reduce healthcare costs and improve overall productivity and engagement.

7. Community involvement enhances both personal and professional life

People with high community wellbeing feel safe and secure where they live.

Community impact. Feeling connected to and involved in one's community contributes to overall wellbeing and can positively impact work performance. Benefits include:

• Increased sense of purpose and fulfillment
• Expanded social networks and skills
• Enhanced company reputation
• Improved employee retention and attraction

Corporate citizenship. Organizations can support community wellbeing by:

• Offering paid volunteer time
• Organizing company-wide community service events
• Supporting local causes and charities
• Encouraging employee-led community initiatives

By fostering community involvement, companies can create a more engaged workforce and strengthen their position as responsible corporate citizens.

8. Managers play a crucial role in fostering employee wellbeing

The best managers deepen a sense of purpose by clarifying the organization's mission, helping employees see their role in it and giving employees opportunities to talk about it.

Manager influence. Direct managers have the most significant impact on employee wellbeing and engagement. Effective managers:

• Set clear expectations and provide regular feedback
• Recognize and develop employee strengths
• Foster a positive team environment
• Support work-life balance and wellbeing initiatives

Leadership development. Organizations should prioritize manager training and development, focusing on:

• Emotional intelligence and empathy
• Coaching and mentoring skills
• Wellbeing awareness and support strategies
• Performance management techniques

By investing in manager capabilities, companies can create a ripple effect of improved wellbeing and performance throughout the organization.

9. Measuring wellbeing is essential for organizational improvement

Gallup Net Thriving assesses the current and future resiliency of your workforce.

Data-driven approach. Regularly measuring and analyzing employee wellbeing is crucial for identifying areas of improvement and tracking progress. Key benefits include:

• Identifying trends and patterns in employee wellbeing
• Pinpointing specific areas for intervention
• Demonstrating the impact of wellbeing initiatives
• Informing data-driven decision-making

Measurement strategies. Organizations can effectively measure wellbeing through:

• Regular employee surveys and pulse checks
• Analysis of performance and engagement data
• Tracking participation in wellbeing programs
• Monitoring key health and financial metrics

By consistently measuring wellbeing, companies can create targeted interventions and continuously improve their employee experience.

10. A strengths-based approach accelerates wellbeing development

Combining strengths and wellbeing at work is potentially the most transformational treatment yet in the urgent pursuit of resiliency, mental health and ultimately, net thriving.

Strengths focus. Emphasizing employee strengths rather than weaknesses leads to better wellbeing outcomes. Benefits of a strengths-based approach include:

• Increased engagement and job satisfaction
• Improved performance and productivity
• Enhanced resilience and adaptability
• Greater sense of purpose and fulfillment

Implementation strategies. Organizations can adopt a strengths-based approach by:

• Using strengths assessments for employee development
• Aligning job responsibilities with individual strengths
• Encouraging strengths-based teamwork and collaboration
• Training managers to recognize and leverage employee strengths

By focusing on strengths, companies can accelerate wellbeing development and create a more positive, high-performing work environment.

Last updated: August 19, 2024