Corporate employee well‐being programs: modern approaches and development prospects

The issues of human well‐being and happiness have been a priority throughout the history of human development. Modern trends in sustainable development define human well‐being issues as one of the most important 17 goals (SDG No. 3 "Good human health and well‐being"). At the business and company level, human orientation and human needs manifested themselves in corporate employee well‐being programs at the beginning of the 20th century. In recent years, corporate employee welfare programs became particularly relevant in connection with the Covid‐19 pandemic and other global challenges and turbulence. Aim. To analyze modern corporate programs for the development of employee well‐being and identify the main trends in their development. Methods. Methods of quantitative and qualitative analysis of scientific publications on human corporate well‐being, as well as the method of case analysis of corporate well‐being programs of leading global and Russian companies. Results. Because of the conducted research, the authors revealed a steady increase in scientific publications on corporate policies in the field of employee well‐being, as well as an increase in the share of interdisciplinary research. An analysis of successful practices of Russian and international companies shown a predominance at the business level of interest in subjective methods for assessing employee well‐being and a high orientation of companies towards practices for the development of social well‐being of employees. Conclusions. Corporate employee well‐being programs are an urgent and actively developing tool for personnel management and the effectiveness of the company. A distinctive feature of modern corporate employee well‐being programs is an individual assessment of the level of employee well‐being with a predominance of subjective assessment methods. The assessment of the employee well‐being index allows companies to increase the efficiency of social spending and investments. The issue requiring further study on the topic of corporate employee welfare programs, in our opinion, is a comprehensive assessment of the impact of corporate employee welfare programs on business economic results and its effectiveness.