Organizational strategies and human resource management practices to support the improvement of employee well-being

Abstract

The importance of employee well-being has gained attention in ensuring employees' bio-psycho-social well-being and organizational success. The current study aimed to explore strategies and methods of employee well-being in for-profit organizations. Research has been conducted on a sample of 62 human resource management leaders and experts of Hungarian and international organizations. A self-developed online measurement tool has been applied to explore organizational strategies and human resource management practices of training and development, rewards management, and social activities. Data analysis has been conducted on 60 validated feedback, representing organizations employing 80.000 employees in the Hungarian economy. Results concluded that strategic approaches and expectations were contradicted regarding the improvement of employee well-being. Results show that monetary benefits and social events support organizational expectations of positive employee affection, health, and retention, with occasional employee participation in shaping employee well-being. The explored wellbeing-enhancing strategies and practices might expand existing knowledge of how organizations approach employee well-being.

Keywords

• Employee wellbeing, Human resource management, Rewards and benefits, Training and development, Employee participation