Nurturing Employee Resilience: Tips for Supporting Employees in Uncertain Economic Times
Uncertain economic times can create significant challenges for both organisations and their employees. In this post Covid time, where many employees value stability and security, it is essential for employers to demonstrate their commitment to supporting employees during such periods. This blog post explores what organisations can do to foster a supportive work environment, and provides actionable strategies to help organisations effectively support their employees during uncertain economic times.
Transparent Communication:
During times of economic uncertainty, clear and transparent communication becomes paramount. Employers should engage in open dialogue with employees, keeping them informed about the current state of the organisation and any potential impacts on jobs or business operations. Using inclusive language and providing regular updates in team meetings, newsletters, or through dedicated communication channels can help alleviate anxiety and build trust*.
Empathy and Emotional Support:
Uncertainty can take an emotional toll on employees, causing stress, anxiety, and fear about their job security. Employers can create a supportive environment by fostering empathy and providing emotional support. Encourage managers and supervisors to actively listen to employees, offer reassurance, and provide opportunities for open discussions. By acknowledging and addressing concerns, employers can help alleviate anxiety and strengthen the emotional well-being of their workforce**.
Flexible Work Arrangements:
Offering flexible work arrangements can be highly beneficial during uncertain economic times. Work-life balance, and providing flexibility enables employees to manage personal and family responsibilities while maintaining productivity. Options such as remote work, flexible hours, compressed workweeks, or job sharing can help employees navigate through uncertain times more effectively.
Skill Development and Training:
Investing in employees’ professional development and skills training demonstrates a commitment to their long-term growth and employability. In uncertain economic times, organisations can offer training programs, workshops, or online courses that equip employees with new skills or enhance existing ones. Not only does this enhance their value within the organisation, but it also boosts their confidence and adaptability in a rapidly changing job market****.
Employee Assistance Programs (EAPs) and Mental Health Support:
Promoting employee well-being, particularly mental health, is crucial during uncertain economic times. Australian employers are increasingly recognising the significance of Employee Assistance Programs and mental health support services. By providing access to confidential counselling, psychological support, or online resources, organizations can help employees manage stress, build resilience, and seek help when needed.****
- Acknowledging employees’ efforts and achievements
Especially during challenging times, is vital for maintaining morale and motivation. Recognise individual and team accomplishments publicly, both in formal settings and casual conversations, to foster a sense of value and belonging.
Conclusion:
During uncertain economic times, organisations that prioritise supporting their employees create a more resilient and engaged workforce. By implementing strategies such as transparent communication, empathy, flexible work arrangements, skill development, and mental health support all assist in these efforts.
If your organisation needs support with outplacement services please call Alicia in our team on 0414 954204. If you are growing your team please reach out to the team at Oxygen Recruitment & HR if we can be of assistance.
*Reference: Lim, V.K.G., & Chen, D.J.Q. (2012). Promoting Work-Life Balance: What Are the Underlying Mechanisms? Journal of Business Ethics, 109(2), 195-211.)
**Reference: University of Melbourne. (2019). Managing Uncertainty in the Workplace.
***Reference: University of Sydney. (2017). Recognition and Reward in the Workplace.
(Reference: Deloitte Access Economics. (2019). Soft skills for business success.)
****(Reference: Beyond Blue. (n.d.). Creating a mentally healthy workplace.)