In today’s world of work, well-being is no longer a “nice-to-have” for talent acquisition and retention. It’s the foundation that sets companies apart.
Employees are experiencing record levels of burnout, creating an urgent need for workplaces to evolve. For high-performing talent, a commitment to well-being has shifted from a perk to a baseline expectation.
To put it bluntly: Companies that don’t actively prioritize well-being will be left in the dust by those who do.
In a competitive job market shaped by remote work, top talent has the freedom to leave poor well-being environments for better ones.
Today, 62% of U.S. employees are looking for better well-being in their next job. And they’re scrutinizing potential employers too: 86% of Glassdoor users review an employer’s culture before applying, and companies with high engagement receive 100% more job applications than those without.
Talent attraction and retention are directly linked to well-being. In fact, even being paid handsomely doesn’t stop top talent from leaving if their job negatively impacts their well-being.
4x as many people quit due to well-being and culture issues rather than due to compensation. Furthermore, employees who regularly feel stressed or tense are 3x more likely to quit within a year.
If you want to retain and recruit top employees, you simply can’t afford to let well-being be an afterthought.
Beyond Career Advancement: Well-Being as a Priority
While career progression is obviously important to employees, it’s no longer the primary driver for today’s workforce.
74% of employees believe that well-being is more important than career advancement. Many are even willing to sacrifice financial benefits for stronger support for their well-being. One in three employees would forgo a pay raise for additional well-being benefits or more flexible work schedules.
This shift underscores the need for employers to reframe their talent strategy. Companies must focus on holistic support for employees, prioritizing strategic recovery, well-being programs, and flexibility.
This approach is crucial not only for retention, but for empowering teams to perform at their highest potential.
To retain and attract top talent, it’s not enough to provide well-being programs in name only. In other words, you can’t just throw money at the problem.
Leaders must create a culture where well-being is a cornerstone of daily operations and innovation.
So, how can companies build a culture of well-being that promotes both engagement and performance?
Discover how we proved out this approach (while raising performance!) with our Readiness Culture Code.
Creating environments where employees can achieve a state of “flow” maximizes engagement and minimizes stress.
In flow, people are fully immersed in their tasks, making the workday more productive and less taxing. This can be encouraged by reducing task-switching, limiting unnecessary meetings, and empowering employees to set clear goals.
With flow, you can create a sustainable approach to high performance — one that makes work both fulfilling and enjoyable. By helping your team members create more flow, you don’t have to trade well-being for productivity.
Learn more about supporting flow at your organization.
Companies should offer programs that address mental, physical, and emotional well-being. Among Exos clients, 90% of members said the wellness programming helps them cope with stress, and 84% reported feeling more productive at work.
And remember: Holistic well-being support isn’t just about individual well-being. It’s also critical to building a sense of community and belonging.
Avoid productivity drains by dedicating specific times for meetings and focused work. Try structuring days to support mental clarity and focus, such as reserving Mondays and Wednesdays for individual work.
This helps teams avoid the exhaustion of task-switching and maintain better overall performance.
Leaders who model and support well-being behaviors create a ripple effect across their teams. By promoting practices like regular breaks, work-life balance, and resilience training, leaders can inspire employees to integrate well-being into their routines.
Practicing what you preach is the foundation of psychological safety.
It’s clear: Strong well-being isn’t just a competitive advantage; it’s a must-have for your talent strategy.
With employees of all generations increasingly prioritizing personal health over traditional career incentives, organizations that prioritize well-being will attract and retain the best talent.
By fostering a supportive culture, companies can drive sustained performance while enhancing their employees’ quality of life.
Remember: Investing in well-being isn’t just about perks. It’s about creating a high-performance culture around strategic recovery.
When organizations commit to supporting their teams through comprehensive well-being initiatives, they pave the way for long-term success.
If you’re looking to up your talent acquisition and retention game, check out Exos’ Human Performance Coaching for organizations.