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Solution
(Solution) 5CO01 (AC2.5) Assess the importance of wellbeing at work and the different factors which impact wellbeing
Importance of wellbeing at work
Through an active implementation of employees wellbeing, this is critical to influence employees performance, how they are engaged and retained. According to CIPD (2024e), by prioritising employees health and wellbeing in modern entities, an appreciation is achieved leading to highly committed and productive employees in their functions. For example, in Saudi Aramco, health and wellbeing enhance their employees readiness to execute their functions reducing absenteeism and failure to participate in their functions.
Impact when wellbeing is lacking
In an event an organisation neglect the embrace of effective wellbeing, this could have immense implications. According to CIPD (2023a), this could lead to increased stress levels hence reduced retention of the employees. Also, their overall morale would be reduced in the organisation setting successfully. As evidenced in CIPD (2024e), having a reduced scope of health and wellbeing lead to a significant hostility in work environment with different members in an organisation conflicting with each other. Cumulatively, lack of effective wellbeing both impact on performance and brand image of an organisation for enhancing attraction and retention of best staff.
Good Working and Impact on Wellbeing
In line with CIPD report CIPD (2024e), concept of good workplace is critical for improving staff wellbeing. In organisations offering equality and fairness in rewards and benchmarked pay, their stress levels would increase and risks of stability of their financial wellbeing. Further, through assured continuous development, the employees end up improving their skills which positively affect their health mentally and physically. This in turn enhance their commitment and satisfaction in execution their functions.
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