Due to a pandemic, seven out of 10 companies work on the welfare of employees

Written by Elizabeth López … on 18 Feb 2021

47% of companies have adapted their organizational culture. Photo: Special

At least, seven out of 10 companies, They are already taking new actions to improve the well-being of employees, this after assessing the effects that the Covid-19 pandemic is having, reveals a survey carried out by OCCMundial.

According to the survey, 47% of companies have adapted their organizational culture to prioritize the well-being of employees, while 44% do not think so and 8% do not know if they have adapted.

These figures are similar to what CEOs in the world are doing, since 61% also consider taking care of the well-being of employees a priority, which would also make it possible to better overcome the crisis caused by the pandemic, indicates the Find your essential study, prepared by the IBM Institute for Business Value.

Among the actions that are being taken the most, 56% of companies in Mexico It focuses on physical well-being, which is why the home office, health test, free Covid-19 tests are implemented, among other actions; However, for 51% of employees, the priority is economic well-being. Only 22% of employees prioritize emotional well-being.

Such is the importance of providing well-being that the CEOs of the world consider that although it will be a challenge managing a workforce “anywhere,” they will work to prioritize the well-being of employees during the pandemic, even at the cost of profitability, IBM says.

What is done

When questioning about the measures that companies in Mexico are giving to each category of well-being, OCCMundial found that in the physical part, the following is done:

  1. Hygiene measures established by the authority (76%)
  2. Free COVID-19 tests (30%)
  3. Health test (26%)
  4. Medical advice (23%)
  5. Vaccination vs influenza (22%)

For emotional well-being, the following is done:

  1. Flexibility in working hours (50%)
  2. Virtual social meetings (49%)
  3. Actions for work-life balance (35%)
  4. Free psychological therapy (25%)
  5. Emotional test (22%)

In economic wellness, is it so:

  1. Payroll loans or advances (49%)
  2. Pantry vouchers (38%)
  3. Financial education tools (34%)
  4. Discounts (29%)
  5. Bonuses or extra support (17%)

Likewise, seven out of 10 employees consider that caring for well-being will be more important than before the pandemic; 24% consider that this type of action will return to how it was before the contingency and 4% consider that it will be less relevant.

What they want

When questioning employees what they want from their companies, the following was listed:

  1. Actions for work-life balance (53%)
  2. Flexibility in working hours (49%)
  3. Free medical check-ups (43%)
  4. Pantry vouchers (42%)
  5. Free testing for COVID-19 (41%)
  6. Hygiene measures established by the authority (38%)
  7. Financial education tools (35%)

According to the Sodexo Beneficios e Incentivos México report, another need that employees have is to have technological tools. Research by PwC revealed that 18% of respondents request better resources and equipment to work from home.

In relation to the work-life balance listed by OCCMundial, Sodexo indicates that a subcategory that matters to employees is have assistance to care for children. One way that organizations can support them is through financial bonuses or home-based childcare arrangements to continue their tasks and be more productive.

Both Sodexo and OCCMundial agree that among the most important is the flexibility in working hours. Data from the OCCMundial Labor Thermometer indicate that eight out of 10 Mexican employees would value having extra days off, which would help them improve their performance and combat the stress experienced by the health emergency.

Finally, another point demanded is the emotional salary. Workers seek to be rewarded and recognized by their bosses not only with a salary increase, but by other remuneration that translates into emotional salary, for example incentives, food stamps or other benefits.

CREDIT:

Elizabeth López Argueta / The Entrepreneur

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