Theoretical and Applied Economics (Sep 2024)
How work works for the new generations?
Abstract
This paper investigates the essential components required to establish a work environment that is safe, motivating, and goal-oriented, and that promotes employee productivity, well-being, and engagement. It pinpoints the primary factors that contribute to the creation of such an environment, such as the availability of mental health resources, the flexibility of work arrangements, and the straightforward communication of job security and prospects. The study underscores the significance of a workplace culture that is equitable and respectful, actively combats bias, harassment, and discrimination, and promotes creativity and innovation through inclusivity. The significance of management is underscored, emphasising the necessity of communicative, supportive leadership that offers consistent positive feedback, career development opportunities, and empowers employees with autonomy in their positions. The research also investigates the influence of constructive coworker relationships, diverse and challenging tasks, and manageable burdens on the prevention of burnout and the maintenance of motivation. Lastly, the paper explores the ways in which long-term employee satisfaction and organisational success are influenced by continuous training and career advancement opportunities. According to the results, a supportive, well-rounded work environment not only improves individual well-being but also results in enhanced organisational outcomes, such as increased productivity, reduced turnover, and a stronger corporate reputation.