The focus on employee experience has emerged as a key element affecting financial performance and organizational well-being. Boards and senior management teams now understand that a positive employee experience—which includes all aspects from hiring and onboarding to everyday work activities and career advancement—is closely connected to a company’s success.

This broad perspective goes beyond just compensation, emphasizing the significance of purpose, people, work, and total rewards in fostering a workplace where employees feel appreciated, involved, and aligned with their organization’s goals. The shift towards prioritizing employee well-being as a core element of corporate culture marks a transformative approach to driving organizational excellence.

Why it matters: A superior employee experience is crucial for a company’s success, directly impacting its financial performance and market position. Companies focused on enriching their employees’ journey see substantial growth in revenue and profits, outperforming their competitors. This is because engaged and well-supported employees are more aligned with the company’s goals, driving innovation and efficiency. In essence, investing in employee experience is not just good for the workforce but is a strategic move for achieving business excellence and resilience.

• Financial Performance: Organizations with high-performing employee experiences report nearly triple revenue growth and eleven times the profit margin compared to global averages. This connection between engaged employees and financial outcomes emphasizes the importance of investing in employee experience.

• Significance of Wellbeing: Employee well-being has been shown to distinguish high-performance companies, that outperform others significantly. Well-being integrates into every aspect of the organizational culture, contributing to overall business success.

• Purpose and Values: High-performance organizations prioritize articulating and protecting company purpose, sustaining trust through values-driven behaviors, and driving market competitiveness through innovation. These practices foster an environment where employees are motivated and aligned with the company’s strategic goals.

Go Deeper -> Why Boards And C-Suites Care About Employee Experience – Forbes