These are the key benefits to help employees fight against burnout in 2023.
According to a survey conducted by Slack, over 40% of middle managers reported experiencing burnout in 2022. This issue is a persistent problem that can harm an employee’s mental health and performance.
The right tools and resources can help employees manage their stress levels and stay focused.
The emotional or physical exhaustion employees experience when dealing with stressful work situations is known as burnout. Overwork can trigger burnout, and it can affect individuals in various ways. Some of these include increased fatigue, lack of motivation, and irritability.
Financial stress is one of the most common factors that can affect an employee’s mental health. Due to the global pandemic of 2020, financial strains are still an issue for workers in many countries.
One of the most effective ways to reduce stress and promote wellness in the workplace is by providing financial education. According to a study conducted by Talent LMS, 68% of employees said they would be more likely to stay with their current job if their company offered financial benefits.
Financial education programs can help employees improve their skills and knowledge about managing their finances. Companies can do this through workshops, classes, and resources.
Mental Health Resources
Mental health initiatives are also essential to create a more positive work environment in the workplace. They can help employees cope with the demands of their job and be more productive.
Employee mental health can be negatively affected by financial stress. A survey conducted by Psych Central and Bankrate revealed that over 40% of the respondents stated that their mental health was negatively affected by money. Individuals can feel stressed about losing their job, being unable to pay their bills, or having issues supporting their families.
A study conducted in 2022 by the APA revealed that 81% of workers consider the support their employers provide for their mental health when deciding to work for them.
One of the most important factors employers consider when creating a supportive work environment is the availability of flexible work schedules—according to a survey conducted by Skynova, 9 out of 10 employees noted that having a flexible schedule can improve their talent retention.
The factors influencing an employee’s feelings about their work environment are the availability of a supportive work atmosphere and the acceptance of their worth.
A study conducted by the ICIMS in 2022 revealed that DEI was very important to employees. The study also noted that 56% of the respondents would be more inclined to work for companies that promote diversity.
One of the most effective ways to improve the well-being of your employees is by providing them with wellness benefits. These can help employees feel valued and supported, leading to higher retention.