Linking Well-Being and Rewards – A Holistic Approach to Employee Engagement
Linking Well-Being and Rewards – A Holistic Approach to Employee Engagement In today’s positive work environments, companies are starting to focus that employee engagement is build up not only from the money or career opportunities. Modern reward strategies must also pay attention to employees’ well-being including physical, psychological and emotional health. But in traditional reward systems think employees as only workers and they reward them with money or bonuses just only for the work they did like a transaction (‘you do this, you get that’). Currently, organizations are transforming to a more comprehensive approach, which means they care about people not just as the workers. This transition reflects delivering that sustained engagement awakes when employees feel cared for, supported, and balanced in their work and personal life. Theoretical Foundations: Well-Being as a Component of Reward Employee well-being has become a strategic element in modern reward management. Accord...