Human Resources today is not what it once was – it’s so much more. For many organizations, HR is the backbone that fuels the success of an organization. HR fosters the talent pool — hiring, promoting and incentivizing the employees who dedicate time and contribute to the think tank that makes an organization win in its respective market. As a result, today’s HR leaders are more focused than ever on how to deliver a compelling employee experience. This means moving beyond the physical environment – the tools, technology, and devices employees use to do their jobs – and focusing on the emotional mindset and well-being of the workforce. And, this is critical because the competitive landscape across markets is intensifying. Mercer, a global consulting company specializing in talent, health, retirement and investments, predicts that 90% of employers anticipate greater competition for talent, especially in North America. Therefore, a holistic approach to the employee experience isn’t a sidebar project, but rather a key initiative led by people whose job title is “Head of Employee Experience.” But don’t take my word for it – do a quick search on LinkedIn, and you’ll see the variety and degrees of experience behind this movement.
I was reading a recent blog published by Causecast, a giving and volunteering technology solution that helps companies reach the highest levels of employee engagement and social impact. The article quoted a recent study, “The Active Job Seekers Dilemma,” indicating that 83% of HR leaders say “employee experience” is either important or very important to their organization’s success.
Based on recent articles and blog posts, it seems like defining a captivating employee experience is the future of the workplace. We’ve all heard the stats that companies with high employee engagement have a greater desire and aptitude to deliver a more positive and engaging customer experience. This is the competitive advantage – it all comes down to people. It’s the people that ultimately shape the workplace culture. As Jeanne Meister, partner with Future Workplace, wrote in a recent Forbes article, “…making the workplace an experience allows companies to embed their culture and values in the workplace and use this to recruit and retain top talent.”
Employee Retention, Progressive Benefits,
and Workplace Culture –
How Identity Theft Protection Can Help
There’s no doubt that delivering a compelling employee experience can certainly mean different things to different organizations. A full breakdown of your employees’ wants and needs, along with an analysis of the employee life cycle can certainly be part of this process. As we all become more obsessed with Glassdoor reviews, we seek new ways to increase our organization’s appeal to both existing talent and top new recruits.
One way is for organizations to adopt a progressive and creative benefit strategy that goes beyond gym memberships and free lunches. It’s about ensuring the well-being of your employees — physically, emotionally, and financially.
Here are some stats from the O.C. Tanner Institute published in a recent article that reinforce the impact of holistic employee well-being:
- Individual productivity rises nearly 20% | Contributors with poor well-being only produce 64% of possible work output, while those with excellent well-being produce a whopping 83%.
- Team productivity soars too | Work output increases from 61% to 81% as team well-being goes from poor to excellent.
- Job satisfaction doubles with increased well-being | Only 44% of employees with poor well-being say they are satisfied with their jobs, while 89% of those with excellent well-being say the same.
Building a Culture of
Identity Protection for Your Employees
View this on-demand webinar which will take you through the story of why identity theft protection is now among the most widely adopted benefit options. In fact, it’s estimated that nearly 70% of employers will offer protection to their employees by 2018. Don’t get left behind – you’ll learn how organizations just like yours are including benefits like this into their employee experience strategy and why it aligns so well with today’s employee-centric culture.