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The study found that there was a reduction in costs associated with employee health care and absenteeism after the workplace welfare program was implemented. [70] In one large study of 1,542 participants across 119 workplaces, 57.7% of participants showed significant reductions in 7 of the 10 cardiovascular health risk categories studied. [ 71 ]
High morale will cause employees to put in extra effort, find ways to work more efficiently, and do higher quality work. [6] An employer with a well-known track record of high morale among employees is also much more likely to attract and retain high talent employees. High morale provides a competitive edge in good times and bad.
Employers that offer these types of work-life perks seek to raise employee satisfaction, corporate loyalty, and worker retention by providing valuable benefits that go beyond a base salary figure. [9] Fringe benefits are also thought of as the costs of retaining employees other than base salary. [10]
Work-related multitasking occurs in roughly 30% of all virtual meetings, according to academic research using Microsoft Teams data. This includes actions like responding to emails, juggling Slack ...
An employee assistance program in the United States generally offers free and confidential assessments, short-term counseling, referrals, and follow-up services for employees. EAP counselors may also work in a consultative role with managers and supervisors to address employee and organizational challenges and needs.
In 2019, SHRM released its report, "The High Cost of a Toxic Workplace Culture". [19] The company polled American employees in order to determine the impact of culture on workers’ well-being and business’ financial health. [19] According to the report, 20% of employees left their jobs between 2014 and 2019 because of toxic workplace ...