The emergence of hybrid work arrangements and ongoing technological advancements are two examples of how employee wellbeing has evolved into a strategic imperative in the rapidly changing business landscape. It is no longer merely a corporate obligation. This viewpoint is highly supported by Jobstreet by SEEK in their most recent research, “Hiring, Compensation, and Benefits 2024,” which emphasizes how important it is to give employee mental health first priority in order to develop a more resilient and productive workforce.
Understanding the high stakes of mental health
According to the Department of Health (DOH), 3.6 million Filipinos are suffering from mental, neurological, and drug use illnesses, marking a concerning increase in mental health problems. This growing tendency emphasizes how vital it is for companies to take action in order to protect their company’s survival and prosperity as well as to support their workforce.
Current workplace stress: A revealing snapshot
Jobstreet by SEEK’s report reveals a concerning landscape within Philippine organizations:
- 71% of hirers describe their work environments as moderately stressful.
- 18% are battling high-stress conditions.
- Only 11% enjoy a low-stress work environment.
Employees pinpoint heavy workloads (36%) and high pressure from management or fast-paced settings (28%) as the primary sources of stress. Additionally, factors like lack of appreciation, low pay, and long hours further exacerbate workplace tensions, particularly in high-stress sectors.
The push for enhanced wellbeing initiatives
While a number of companies have begun to recognize the importance of employee wellbeing initiatives, there remains a significant gap in adequate support. The report indicates that only 58% of hirers believe their organizations are doing enough to alleviate workplace stress.
Encouragingly, 62% of organizations have launched new wellbeing initiatives over the past year, including mental health days and wellness counseling. These steps are crucial, but as the data suggests, much more needs to be done.
Strategic investments in wellbeing
Jobstreet by SEEK advises companies to not only continue these efforts but to significantly enhance them. Suggested strategies include:
- Implementing regular wellness talks and activities.
- Establishing comprehensive employee assistance programs.
Such initiatives can create a supportive work atmosphere that promotes mental health and overall employee satisfaction.
Leading by example
Dannah Majarocon, Managing Director of Jobstreet by SEEK Philippines, emphasizes the company’s commitment to this cause: “We believe in the importance of prioritizing employee mental health and well-being as a strategic investment in organizational resilience and productivity. At Jobstreet by SEEK, we are committed to being a reliable partner for hirers in nurturing and retaining top talents, fostering a workplace culture focused on employee welfare, continuous growth, and sustainable success.”
Conclusion
As Jobstreet by SEEK continues to lead the charge in transforming workplace cultures across Southeast Asia, the call to action for all organizations is clear. It’s time for companies to view employee wellbeing not just as a duty but as a strategic imperative that drives resilience, productivity, and, ultimately, success. As we forge ahead, the wellbeing of employees will increasingly become the cornerstone of thriving organizations, shaping the future of work in profound ways.
