Engagement may be low but even fewer employees ‘thriving’ at work

A recent survey by Indeed and Forrester Consulting revealed that only 29% of surveyed U.S. workers reported thriving at work. The study found that worker well-being is strongly tied to feelings of energy, belonging, and trust, with older workers, men, and those with higher education levels and incomes experiencing higher levels of well-being. Notably, companies with high levels of employee well-being tend to exhibit improved retention rates and stronger stock market performance, underscoring the mutual benefits of prioritizing worker well-being. Furthermore, happy employees are nearly twice as likely to excel in tasks, problem-solving, and dedicating time and effort to their work.

The survey indicated a widespread belief in the potential for workplace well-being, with 97% of respondents stating that it's possible to be happy at work most of the time, and 98% believing they can find a clear sense of purpose in their jobs. However, nearly half of workers reported that their expectations for well-being had increased compared to the previous year, with notable increases among Generation Z and millennials.

Companies can enhance worker well-being by addressing various aspects of HR, from fair compensation and benefits to effective diversity and inclusion initiatives. Indeed identified four key factors contributing to well-being: happiness, purpose, stress, and satisfaction. These factors are influenced by a company's ability to fulfill foundational needs, social needs, and growth needs. Respondents identified desirable benefits such as unlimited paid time off, remote work options, and email-free hours, emphasizing the importance of flexible work arrangements. While some leaders express concerns about the impact of flexible work on productivity and company culture, studies suggest that well-designed flexible work policies can enhance collaboration and overall employee satisfaction.