When it comes to employee experience and wellness, what comes to your mind?
A survey conducted by Employment Hero in 2021 stated that about 59% of Singaporean
workers are looking for a change of pace with respect to their work. Channel News Asia
reported that Singapore’s core inflation rate has risen by 2.4% in January, which has been
the highest rise in nine years due to a dynamic mix of various elements.
In 2022 with all that has happened and all that is going on, employee wellness has taken a
toll. Wellness is not merely the absence of a disease or injury, but a conscious development
of the whole self. There is no singular element that defines wellness. The
interconnectedness of Physical, Mental, Financial, Occupational, Relational, Spiritual
and Recreational elements have an impact on an employee’s performance at work. On one
hand, it can lead to a decrease in performance and productivity and on the other hand, it
leads to quiet-quitting or resignations. Here’s how the 7 Dimensions of Wellness can impact
an employee’s loyalty.
Physical
Physical wellness depends on how one’s body operates and feels from the inside out.
Employees who don’t feel overworked by their employers are less likely to leave. Physical
wellness also decreases the risks of developing chronic diseases and saves health care
costs. Poor physical health adversely affects both a company and its people because they
depend on each other for growth and survival.
Mental
Mental wellness concerns itself with how your mind handles stress and the impact on your
overall emotions. A survey conducted by Employment Hero in Singapore states that 62% of
workers are facing burnout from work. This burnout gradually affects work-life balance too. In
today’s day and age, work-life balance is a key priority for employees, especially those who
are willing to consider switching jobs to meet this need.
Financial
The amount of confidence you have in your current finances or future financial goals falls
under the umbrella of wellness. Many times people tend to change their jobs if they are
underpaid or are offered better pay someplace else. And they’re absolutely right to do so.
Employment Hero found that 68% of Singaporeans are stressed about money. Financial
wellness can have a direct impact on employees’ productivity and engagement.
Occupational
Occupational wellness brings a sense of fulfilment and happiness to one’s professional life. It
is also about realising and developing one’s skill set for personal growth, satisfaction and
fulfilment at the workplace. A job that doesn’t instil these emotions is often left behind.
Relational
The Relational dimension talks about your sense of belonging and authenticity in your
interactions with others. Lots of employees spend more time at work than they do at home. It
becomes important that people feel connected with their colleagues. A survey conducted by
Deloitte states that a sense of belongingness brings a 56% increase in job performance, a
50% reduction in turnover risk, and a 75% decrease in employee sick days.
Spiritual
Spiritual wellness implies a sense of purpose you feel while undertaking a job/task. Post-
Covid, about 49% of employees agreed that their interest in their work has decreased. Covid
has affected people in multiple ways, and losing interest in work is just one of them.
Employees who feel that the work they do is unimportant or lose interest in doing so can cost
the company millions.
Recreational
Creativity, various hobbies and interests define the recreational dimension of wellness.
Employers who engage in activities that promote ‘fun’ at the workplace see a boost in
employee engagement and team morale. It breaks certain barriers among employees which
builds a steady foundation for the growth and development of the company.
Overall, the 7 Dimensions of Wellness greatly affect a company with respect to turnover,
growth, development and success.
45% of employees said that they found themselves loyal to their company if the employers’
commitment to wellness is ‘good’ or ‘excellent’.
When we look at employee wellness as a whole it becomes clear how big of a role it plays.
An employer who has bigger plans for the future needs to understand that employee well-
being is key to the success and development of the company. Employees who are healthy
and feel inspired will put forth their best to help create profit-rich and versatile businesses!