Human Resource Management - Employee Wellbeing

RUNNING HEAD: HUMAN RESOURCE MANAGEMENT 0
EMPLOYEE WELLBEING

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Employee wellbeing is about more than physiological or mental ill health – it's about optimising
the health of all employees, not just reducing the numbers of staff who are diagnosed with
medical conditions. Employee wellbeing also extends beyond health and into happiness as well,
and job satisfaction (Ballaro & Polk, 2017). It is important because this improves the physical as
well as mental health of the human resource and the health is connected through the productivity
level of the organization. In this essay the concept of employee well-being, scope, importance
and limiting of the extent is discussed and two examples of organizations are provided which
adopt various steps for employee wellbeing.
The concept of employee well-being in increasing in the current year it is because this approach
related with the introducing and developing something new and efficient in managing the
employees in the organization (Hassan, 2016). In this concept various changes in the health and
good management practices are developed. The organization organized various programs and
several initiatives for caring the employees and workforce of the organization. The programs are
considered effective for both employees and employers of the companies. The wellbeing is
considered the approach and evaluation of the happiness, emotional and mental health of the
employees in the companies.
The companies adopt various strategies for improving the health of the workforce in the
organization and there are various reasons which are considered important for the organization to
use maintain employee well-being strategies and organize the programs for well-being in the
companies which includes it improves employee’s behaviors. The other reasons include it also
reduce the health risks of the employees as well as raise the productivity of the companies (Herd
& Alagaraja, 2016). It is important concept of human resource management because various
initiatives were taken to manage the human resource of the company and in addition to this it
also leads in raising the efficiency of the company.
Employee Wellbeing is the function of HRM and highly important because of satisfying the
employees, therefore human resource is considered important resource and component of the
company it is because the overall efficiency is in the hands of the employees (Islam, 2016). This
concept also leads in improving the health behavior of the employees due to providing right
skills, education and support according to their needs, abilities and capabilities of the employees.
Further, healthy behavior leads in providing various benefits to the employees which includes it

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reduce the risk of dangerous diseases and lowering the chronic diseases of the employees. The
wellbeing programs leads in increasing the profits of the organization because of reducing
absenteeism of the employees due to better health behavior, controlling the stress and
maintaining the blood pressure, cholesterol and raising the employees in efficient because of
developing in effective manner (Jalloh et al., 2016). The employee wellbeing programs also
support the organization in selecting competent and skilled employees in the company by
retaining the existing skilled workforce and attracting competent employees by offering more
efficient benefits plans and better compensation to the employees to companies. Further, it is
considered efficient strategy to build and maintain high morale of the employees it is considered
major strategy in raising the performance of the workforce in the organization (Lin et al., 2017).
The organization takes attempt for employee’s wellbeing by developing various different
strategies for developing the culture of remuneration, stress management and develop the
policies for being the employees in the fitness development program. So that employees
improves their mental and psychological health to focus on various others activities (Nielsen et
al., 2017). There are various dimensions which organization focuses on while developing the
policies and strategies for the employee’s wellbeing in the organization it includes physical
wellbeing, mental wellbeing and also focuses on the personal belief of the individual.
The organizations adopt various strategies in booting the employee’s wellbeing which includes
the companies provide opportunity to the employees to discover their objective, purpose. The
leaders also encourage the employees to develop emotional wellbeing in the organization and to
provide feedback in each of the meetings (Carolan et al., 2017). The different wellbeing of the
employees require different strategies that is for physical wellbeing employees undergo from
exercises and for mental wellbeing it undergo from mindfulness and focus. It leads in increasing
efficiency of the employees by providing them in positive state of mind.
Employee wellbeing provides various benefits to the organization that is it reduces the health
cost of the organization which they spend on the employees. It leads in raising engagement of the
employees and maintain better culture in the organization (Guest, 2017). Therefore it also
provides higher satisfaction to the employees and reduces absenteeism to the employees which
raise the efficiency of the organization. The scope of employee wellbeing in the companies raises
because it reduce conflicts and increasing the personality of the employees this support the

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employees in improving their mental health and supporting the employees to feel needed and
worthy in the organization. Therefore, it also revealed that scope is increase by describing that it
increase the physical health and give the opportunity to the employees to raise their voice in
various areas which leads in maintaining rights, equality in the organization, this also results in
increasing the productivity due to conducting and performing the work in ethical manner.
The nature of employee wellbeing is to maintain better working environment in the organization
because of raising coordination, teamwork and conducting the activities by including all the
areas in the organization which leads in reducing wastage of the organization (Slutsky et al.,
2019). Further, nature is also to provide health services, organizing welfare programs for
employees, organizing general and various welfare works for the employees. The employer’s
interference limit is set to provide satisfaction to the employees by organizing program. So that
employees health will be emotionally and mentally and the limit is also extent to provide certain
rights to the employees which it have to follow while conducting the operations of the
organization (Zou & Dahling, 2017). Further, the limit is also set for the employer’s interference
that is increasing the commitment and participation of the employees in all the tasks and in the
decision making activities. Further, the examples of the companies which invest heavily on the
employee wellbeing by describing each steps and their application in organizational
effectiveness is discussed.
Various companies takes various initiatives for employees wellbeing in which HSBC Holdings
Plc is one of them, it is well-known financial services holding company which is in the financial
services industry (Naheem, 2018). The company provides their services worldwide and offer
different services which include retail banking, private banking, credit cards, finance and various
other services to satisfy the needs of the customers. In the year 2018, it is become 7th largest
company which offers quality services and products to the customers according to their needs
and requirements. The company conducts their operations in highly competitive environment
because of changes in the dynamic environment and due to various numbers of competitors
offering quality services by investing more on understanding needs of the consumers (Tian & Le,
2018). Therefore it is become significant for the company to attract large number of competent
employees in the organization and to retain skilled so that cost of the organization will be
reduced and operations and activities will be take according to the requirement of the