Work welfare is the benefits program offered by a company to its workers to improve their quality of life. These benefits include personal and professional development.
In other words, it is giving employees additional benefits, apart from a good salary, that allow them to work happily and motivated. These benefits can be monetary and non-monetary, but both contribute to a better quality of life and an excellent work environment.
Undoubtedly, achieving labor well-being is beneficial, both for the workers and for the business organization itself. Thus, when workers are working in a company that offers a satisfactory work environment, they become more productive. This, given that the collaborators are more motivated and show a greater commitment to the organization when carrying out their work.
Of course, these benefits must be provided to workers for free or semi-free. Likewise, the benefits must be the same for all employees regardless of the position or position they hold within the company.
Consequently, any company that aims to increase its level of productivity, its level of growth and its level of competitiveness, must guarantee the well-being of its employees. Only in this way will the firm ensure that the workers are satisfied and work happily and committed to the company, achieving better results.
How to achieve work well-being?
Above all, a company that hopes to achieve labor well-being for its workers must develop and implement a series of plans, programs and projects that ensure the quality of life of employees. This, starting by creating a physical and emotional work environment so that employees feel happy and motivated.
Likewise, it should be considered that a person, in order to be well, needs an amount of money to solve their material and health needs. But, he also needs time to rest and to establish emotional and social relationships.
Therefore, other benefits must also be included, such as:
- Monetary benefits such as bonus payments, profit sharing, productivity bonuses and achievement of objectives.
- Recognition programs.
- Medical, accident and life insurance.
- Vacation time and recreation activities.
- Schedule flexibility.
- Training and updating.
- Savings funds.
- Pension and retirement programs.
In general, what is needed is that the employees perceive that there is a genuine interest on the part of the company to improve the quality of life of its workers. This increases their level of satisfaction, motivation and performance.
Objectives of occupational welfare plans and programs
The main objectives that a company that designs and implements work welfare plans and programs intends to achieve are:
- Generate an environment or work climate that respects the worker as a person and that provides him with the appropriate means for his promotion, growth and fulfillment; which improves the quality of life of the employee.
- Ensure the right to work in conditions of economic, physical and emotional security.
- Increase the level of productivity of the worker, making each employee give their maximum effort within the work environment.
- Reduce absenteeism and staff turnover. This, making the company an attractive place to work and even attract good prospects in the recruitment of personnel.
Benefits of using workplace wellness plans and programs
Naturally, the benefits that can be achieved with the use of occupational welfare plans and programs are for both companies and workers.
1. Benefits for the company
Among the main benefits obtained by the company are:
- Increased loyalty and commitment of employees to the company.
- Increases the productivity of workers and the company in general.
- It raises the morale and motivation of the workers.
- Decreases staff turnover and the level of absences.
- It facilitates the process of recruiting and retaining employees.
- Reduces conflicts and complaints in the workplace.
- Build better relationships between the company and its employees.
2. Benefits for workers
Among the most important benefits that employees receive are:
- The employee feels more satisfied at work.
- Monetary and non-monetary rewards and recognitions are received.
- Greater assistance and solution to labor problems.
- Ease to achieve greater development, well-being, promotion and personal growth.
- Employees improve their social and work relationships within the company.
- The employee obtains physical, emotional and economic security within his work.
In conclusion, we can indicate that any company that wants to improve its level of productivity must implement work welfare programs. Only in this way will it ensure that workers work motivated and committed to the company.
What labor welfare pursues is to achieve the satisfaction of the needs of workers. Companies must consider that their plans and programs for occupational well-being have a comprehensive approach. That is, they cover the material, physical and emotional needs of the employees.