Why Focus on Trust and Wellbeing?
According to Deloitte, 68% of employees and 81% of C-suite executives agree that improving employee wellbeing is more important than advancing their career. As the workforce landscape shifts, employees have more choices than ever before. Retention is now top of mind for organizations, and building a culture of trust and belonging is critical for survival. In this playbook, we share actionable insights and strategies to help your organization foster a supportive, transparent, and inclusive culture that prioritizes employee wellbeing.
Trust: The Key Ingredient for Organizational Success
A culture built on trust isn’t just a nice-to-have — it’s essential for organizational success. High-trust workplaces lead to higher employee engagement, better productivity, and lower turnover. Here’s what we’ll cover:
- Building Trust with Transparency: Leaders who communicate openly and honestly create a strong foundation of trust. How transparent are your leaders about the state of the business?
- Empowering Employees: Giving employees autonomy and trusting them to work independently fosters a culture of respect and pride.
- Feedback Loops: Continuous feedback and listening to employees are critical for improving trust and creating a sense of belonging.
Key Questions to Assess Your Culture:
- Are leaders transparent about the business state?
- How much do managers trust employees to work independently?
- How are employee feedback and suggestions handled?
According to Great Place to Work®, there are five core elements that make a workplace great:
- Credibility – Do employees trust the people they work for?
- Respect – How does your organization show respect for employees?
- Pride – Do employees feel proud of what they do and how the organization supports them?
- Camaraderie – How well do employees get along and collaborate?
- Fairness – Are employees treated fairly, with equal opportunities?
These elements form the foundation of trust and belonging. In this playbook, we show you how to build and reinforce each one.
Leveraging Technology to Strengthen Culture
Technology can be a powerful tool for reinforcing trust and creating a culture of belonging. Here’s how:
- Self-Scheduling and Flexibility: Empower employees by allowing them to manage their schedules. This not only supports work-life balance but also builds trust that managers respect their time and autonomy.
- Employee Feedback Tools: Use AI-powered sentiment analysis to gather and measure employee feedback in real-time. This allows you to understand employee needs quickly and make data-driven decisions.
- Recognition and Development: Implement systems that recognize employees’ hard work and offer opportunities for learning and development. These tools help create a sense of pride and value among employees.
How can technology support your culture?
- Streamlining employee scheduling for flexibility.
- Centralized communication tools for transparency.
- AI-based tools for measuring employee sentiment.
Wellbeing: More Than Just Benefits
Wellbeing is not just about healthcare benefits. It’s about creating a holistic environment where employees feel supported in all aspects of their lives. In this playbook, you’ll learn about:
- Mental and Emotional Support: Employee assistance programs for mental health, mindfulness resources, and fitness support.
- Financial Security: Earned wage access and financial wellness tools.
- Career Development: Clear career paths, learning opportunities, and succession planning that demonstrate your investment in employees’ growth.
This article is posted at ukg.com
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