The emergence of hybrid work arrangements and continued technological advances are two examples of how worker well-being has develop into a strategic imperative in a rapidly changing business landscape. It is not any longer just a company obligation. This viewpoint is essentially supported by Jobstreet by SEEK of their latest study: “Hiring, Compensation and Benefits 2024”, which highlights how essential it’s to place worker mental health first to create a more resilient and productive workforce.
Understanding the high stakes of mental health
According to the Department of Health (DOH), 3.6 million Filipinos suffer from mental, neurological or drug use-related diseases, representing an alarming increase in mental health problems. This growing trend highlights the importance of companies taking motion to guard the survival and well-being of their business, in addition to support their workforce.
Current workplace stress: A revealing snapshot
Jobstreet Report by SEEK Reveals a Troubling Landscape in Filipino Organizations:
- 71% of employers describe their work environment as moderately stressful.
- 18% struggle with high stress conditions.
- Only 11% enjoy a less stressful work environment.
Employees indicate a heavy workload (36%) and high pressure from management or a quick pace of labor (28%) because the principal sources of stress. As well as, aspects equivalent to lack of recognition, low pay and long working hours further increase workplace tensions, especially in high-stress sectors.
Emphasis on initiatives to enhance wellbeing
While many firms have begun to acknowledge the importance of worker wellbeing initiatives, there stays a major gap in adequate support. The report found that only 58% of employers consider their organizations do enough to alleviate stress within the workplace.
Encouragingly, 62% of organizations have launched latest wellbeing initiatives within the last 12 months, including mental health days and wellbeing advice. These steps are crucial, but as the information shows, there continues to be much work to be done.
Strategic investments in well-being
Jobstreet by SEEK advises firms to not only proceed these efforts, but in addition significantly improve them. Suggested strategies include:
- Implementing regular wellbeing conversations and activities.
- Creating comprehensive worker assistance programs.
Such initiatives can create a supportive work atmosphere that promotes mental health and overall worker satisfaction.
Leading by example
Dannah Majarocon, Managing Director of Jobstreet by SEEK Philippines, underlines the corporate’s commitment to this cause: “We consider within the importance of prioritizing worker mental health and well-being as a strategic investment in organizational resilience and productivity. At Jobstreet by SEEK, we’re committed to being a reliable partner for hiring managers to nurture and retain top talent, promoting a workplace culture focused on worker well-being, continuous development and sustainable success.
Application
As Jobstreet by SEEK continues to steer the transformation of labor culture in Southeast Asia, the decision to motion for all organizations is obvious. It is time for firms to view worker well-being not only as an obligation, but as a strategic imperative that drives resilience, productivity and, ultimately, success. As we proceed to maneuver forward, worker well-being will increasingly develop into the cornerstone of thriving organizations, significantly shaping the long run of labor.