In light of recent events following the Covid-19 pandemic, 88% of workers believe that their interpretation of “success” has shifted, with work-life balance, mental health, and having a fulfilling profession replacing financial security as the most important measures of prosperity. Most HR and staff relations experts have made promoting workplace wellness a strategic focus for 2023, and for good reason.
For the past few years, there has been a growing awareness regarding how critical it is to maintain mental and physical health. A prolonged epidemic has demonstrated to staff and management the economic and moral value of maintaining a healthy workforce. According to research conducted by a foundation focusing on mental health, “FTSE 100 corporations that prioritize employee engagement and well-being perform better than the rest of the FTSE 100 by 10%.”
Organizations that invest in their employees’ well-being receive the rewards of increased motivation, devotion, dedication, creativity, efficiency, and profitability. Staff members, management, and the company’s bottom line all stand to gain from environments at work that are transparent and encouraging. Here is a detailed case study of how Apple achieves all that for its staff with the help of Corporate Wellness measures.
What Exactly Is Corporate Workplace Wellness?
In the past, corporations only focused on medical insurance when discussing their employees’ well-being. But now, most organizations have realized that alleviatingphysical illnesses among their workers is only one aspect of a healthy workplace environment. Corporate wellness initiatives aim to establish a culture of health-consciousness within the workplace and to support a holistic approach toward staff well-being.
Corporate wellness aims to improve everyone’s well-being by enhancing the staff members’ physical and mental health.Putting in place a corporate wellness program that goes above and beyond standard wellness initiatives promotes healthy habits. It enhances health outcomes while boosting output, making the most of human resource investments, and boosting morale among staff members. One such corporation that has revised its employee benefits package to include more wellness initiatives is the American tech giant Apple Inc.
Apple’s Organizational Culture
Apple Inc. encourages its employees to think outside the box. The company’s culture strongly emphasizes upholding a high degree of innovation that encompasses staff members’ imagination and an attitude that rejects mediocrity, such as in the field of consumer electronics design. For the company to succeed, it must have the backing of its employees and a unified vision to keep up with the quick pace of technical advancement and new product introductions. The primary characteristics of Apple’s corporate culture are as follows:
Top-Notch Excellence
Apple’s organizational culture includes a human resource policy of employing only the labor market’s most qualified candidates. Such a custom upholds and strengthens a corporate culture that encourages, values, and anticipates top-notch excellence from the workforce of the technological company. The company’s management has also enforced this cultural trait. For instance, the company has programs that acknowledge and honor software designers’ excellence. Excellence is highly regarded as an essential element of success in the organization, particularly in product design and development, which is a significant growth strategy outlined in the generic competitive strategy and intensive growth strategies of Apple Inc.
Creativity
This cultural trait refers to generating innovative ideas that enhance the technology industry and its products. The management at Apple values personnel’s knowledge, skills, and capacities, especially their creative potential. This creativity is evident in the design and features of Apple’s marketing blend of 4Ps products, including iPhones, Macs, and iPads. The corporation values innovation and creativity to protect and expand the organization’s valuable intellectual property, such as patents for cutting-edge mobile devices. In this regard, Apple’s organizational culture contributes to the company’s continued ability to meet and exceed consumers’ expectations and preferences.
Innovation
Apple’s training and incentives are based on fostering a culture of innovation in product development, design, and other work areas. The company’s continued success in the global consumer electronics and Internet services market depends on its ability to rapidly innovate and introduce new products that are both lucrative and appealing to its target customers.
Moderate Combativeness
This characteristic is associated with Steve Jobs and his combative leadership style. He randomly tests staff to verify that they possess the necessary skills to work at Apple. However, under Tim Cook’s stewardship, the company’s corporate culture has become more friendly and less adversarial. Competitiveness remains a significant factor in the technology industry, but Apple’s corporate culture is moderately combative, presenting employees with challenges that motivate them to increase their output.
Nine Apple Incentives and Bonuses That Motivate Elite Personnel
Apple, a corporation that consistently prioritized its workers’ health and welfare, has taken measures to guarantee employee satisfaction, peace of mind, a healthy work-life balance, and general compassion and consideration. Here are a few of the best perks Apple provides its employees, which should give you an idea of what it’s like when you work for the tech giant that cares so much about its staff members.
Physical and Mental Wellness Package
The healthcare package Apple provides its staff members is comprehensive and includes dentistry and optical care coverage. At Apple’s corporate headquarters in California, staff members have access to various healthcare specialists, including doctors, chiropractors, and specialists in psychological health. Additional medical coverage for Apple employees includes:
- Life and supplemental life insurance
- Disability protection cover
- Accidental injury and occupational hazard insurance
- Retiree health and medical cover
Vacation and Personal Leave
The tech giant is committed to fostering a work-life balance for its employees. In the first year on the job, newly hired employees receive 15–20 days of paid time off (PTO) for holiday and medical leave. This number increases to between 20 and 30 days of vacation and leave per year for staff members with more seniority in the company.
Paid Child Care Leave
The company Apple has a maternity leave policy that is both exceedingly extraordinary and exceptionally accommodating. New mothers are eligible for a paid leave of absence of up to 16 weeks, with the first four weeks beginning four weeks before the expected delivery date. There is also the choice of taking an extra unpaid leave of absence for up to six weeks. In addition to, mothers, fathers, and adoptive parents can take six weeks of paid leave.
Retirement
Apple values its retirees equally as much as its active workers. During their time working for the company, employees are eligible to receive a 401(k) match of up to 6% of their total pay, equal to 50% of the company’s contribution.
Commuter Allowance
Most workers dread having to commute to and from the workplace each day. Since many members of the Apple workforce live near the Cupertino, California, headquarters, the company provides a free, private shuttle service for them. The corporation also offers a $100 transportation allowance to help with expenses like bus fare and carpooling.
Gym Credits
The correlation between physical fitness and psychological well-being, and productivity is well-documented. To encourage their staff to take care of their physical well-being, Apple provides each of them with a $300 monthly gym credit.
Stock Acquisition Program
It has been shown that an employee’s motivation to work harder towards improving their organization’s performance is increased when the worker has a personal investment in the business. Apple allows its staff members to acquire discounted stock through a company stock purchase plan that also offers accessible equity awards.
Education and Personal Growth
Apple has its own “university,” an educational institution on its main premises that teaches staff about the company’s philosophy and how they can best contribute to the world. Staff members can improve their corporate abilities by taking online classes or attending financial planning courses. Apple additionally provides a tuition reimbursement program for staff members, up to $5,250 per academic year.
Additional Exciting Things
Apple provides its employees with a plethora of additional benefits that keep them motivated and connected to maintain a dynamic workplace:
Producs Discounts
The staff members are updated with the latest trends and remain in touch by receiving large discounts on Apple items.
Subsidized Meals
Apple’s on-site Cafe Mac serves wholesome home-style meals for cheap, discounted prices. Moreover, free, locally-grown apples are constantly on hand for snacking.
Legendary Booze Party
The beer bash is a recurring event for Apple employees, providing a chance to unwind and decompress with free drinks, food, and celebrity appearances. Demi Lovato, Stevie Wonder, and OneRepublic have graced the stages of these gatherings as performers.
In A Nutshell
apart from offering their employees a lucrative medical insurance policy, the company has created a culture that allows employees a wholesome work-life balance. In addition to the excellent benefits offered by the company, employees can relax by experiencing the benefits of broad-spectrum CBD vape juice through sophisticated vape pens that can be used in designated areas. The beauty of vaping is that it is discreet and doesn’t interrupt the team members with air pollution.
The author of this material is Tia Moskalenko, a cannabis researcher and blogger at AskGrowers. Tia is always looking for new exciting ways CBD can help people improve their quality of life and well-being. She shares insightful recommendations and product picks to help corporate employees, self-employed, and even stay-at-home moms enjoy the full value of CBD as a potent remedy for stress.