Employee Well-being: An Emerging Strategy for Human Capital Management

Abstract

Wellbeing is fundamentally associated with numerous aspects in one's life say health, job, family, community, environment, and financial benefits to name a few of them. The term employee wellbeing is very comprehensive and hence it has a widespread impact not only on the employee's performance at the workplace and her/his life at home but also creates a great impact on the organizations where they are working. After the COVID-19 pandemic employers are focusing more on wellbeing now than ever before. On one side it is seen that this pandemic has introduced the Work from Home (WFH) concept more rigorously and employees could balance work and life profoundly. In contrast, on the other side, some found juggling between work and life, as there are no distinctive boundaries between work and life. When employees can maintain healthy and positive mental states, they can take on their roles confidently and enthusiastically, leading to higher productivity and job satisfaction. This article explores the concept of employee well-being, examining its advantages for organizations and current practices in Indian companies. Further, it offers recommendations for strategies that organizations can implement to enhance employee well-being.