Employee Well-being and Work-Life Balance as a Strategic HRM Priority in Modern Organisations
Introduction The idea of employee well-being has evolved from an optional HR activity to a strategic focus that has a direct impact on corporate success in recent years. In the past, businesses prioritized performance goals, profits, and productivity. However, corporations have been compelled to reconsider their approach to human resource management due to the global shift in employee expectations, growing mental health issues, and an increasingly stressful work environment. Employee well-being is becoming a significant competitive advantage rather than just a "nice-to-have." From a strategic HRM standpoint, workers are seen as assets whose motivation, engagement, and well-being impact the success of the company as a whole. Employee productivity rises, innovation thrives, and turnover rates fall when they are in good mental and physical health. Companies who invest in well-being programs report a 21% rise in profitability, according to a Deloitte survey. This shows unequivo...