Tuesday, 7 November 2023

India ranks 2nd in employee well-being, Japan lowest

 

A recent survey conducted by the McKinsey Health Institute sheds light on the well-being of employees across 30 countries, emphasizing factors such as physical, mental, social, and spiritual health. This survey highlights significant disparities in employee well-being, with Japan ranking at the bottom and India securing a notable position.

Japan’s Struggle: Unraveling the Challenges

  • Reputation vs. Reality: Despite Japan’s reputation for offering lifetime employment and job security, the survey reveals a mere 25% score, indicating dissatisfaction among employees. The lifetime job security practice has made it challenging for dissatisfied workers to change jobs, contributing to their low well-being.
  • Rise of Short-Term Contracts: The shift towards short-term contracts has increased uncertainty among Japanese workers, adding to their overall stress and dissatisfaction.

Positive Work Experiences and Well-Being: A Symbiotic Relationship

  • Linking Work Experiences and Health: The survey establishes a crucial connection between positive work experiences and holistic health. Employees reporting positive experiences exhibited better well-being, higher innovation levels, and improved job performance, emphasizing the impact of employers on employee health.
  • Work-Life Balance: The report underscores the pivotal role of the workplace in influencing employee well-being, given the significant time spent at work. Achieving a healthy work-life balance is essential, emphasizing the responsibility of employers in creating supportive work environments.

India’s Success Story: Understanding the Factors

  • Work Culture: India’s strong well-being performance is attributed to its positive work culture, where employees experience a conducive and supportive environment.
  • Work-Life Balance: The emphasis on work-life balance in Indian workplaces contributes significantly to employee satisfaction and overall well-being.
  • Positive Work Experiences: India’s workforce benefits from positive work experiences, fostering a sense of well-being and enhancing their performance and innovation levels.

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