It is a common myth that employee wellbeing programs tend to evaporate when firms experience a financial downturn. Here are five strategies to boost employees' mental health and wellbeing to sustain higher productivity. 1. Open Communication and Active Listening During Financial Challenges: Research underscores the power of open communication in shaping a supportive work climate, even in times of financial difficulty. Regularly informing employees about the company's financial situation, coupled with an acceptable recovery roadmap, can significantly reduce employees' anxiety and uncertainty. In many situations, internal employees over external expensive consultants can often have a unique and intimate understanding of their organisation's challenges and dynamics, making them particularly effective at diagnosing problems and proposing solutions so active listening is critical for the CEO. Establishing open channels for employees to voice their concerns and sugges...
How ethical leaders lead their employees in the age of AI revolution.