Traditional approaches to employee well-being have limited impact because they fail to account for broader aspects of well-being, including mental, social, financial and physical health.
Because these elements are interconnected and impact one another, a model of holistic well-being can help employers shape programs and benefit plans that address all aspects of employees’ well-being.
The components of holistic well-being:
1. Mental health – Condition of psychological and emotional well-being
2. Financial health – State of personal and family financial security
3. Social health – Ability to form satisfying interpersonal relationships with others
4. Physical health – Level of illness, injury and general lifestyle
In a normal environment, employees may struggle in one or two areas of well-being, but the COVID-19 pandemic has impacted employees across all elements. Taking a holistic approach will be critical for companies both to help their employees manage the crisis and support their business’ recovery.