Eva Vorma, Liga Kamola, Janis Caune

Proceedings of the 28th World Multi-Conference on Systemics, Cybernetics and Informatics: WMSCI 2024, pp. 177-184 (2024); https://doi.org/10.54808/WMSCI2024.01.177

Eva Vorma
Faculty of Engineering Economics and Management, Riga Technical University, Riga, Latvia

Liga Kamola
Faculty of Engineering Economics and Management, Riga Technical University, Riga, Latvia

Janis Caune
Faculty of Engineering Economics and Management, Riga Technical University, Riga, Latvia

Cite this paper as:
Vorma, E., Kamola, L., Caune, J. (2024). Factors Affecting Well-being of Employee: An Empirical Study of Manufacturing Companies. In N. Callaos, E. Gaile-Sarkane, N. Lace, B. Sánchez, M. Savoie (Eds.), Proceedings of the 28th World Multi-Conference on Systemics, Cybernetics and Informatics: WMSCI 2024, pp. 177-184. International Institute of Informatics and Cybernetics. https://doi.org/10.54808/WMSCI2024.01.177

Regardless of the sector in which companies operate, today’s Europe businesses are challenged by skills shortages, long-term vacancies and high staff turnover, and companies are increasingly focusing on the well-being of their employees to attract and retain employee. Scientific and employee satisfaction research increasingly demonstrates that well-being is not just about remuneration and is not the only motivator. Employee well-being includes a balanced workload, a safe working environment, work-life balance, and physical and mental health, which underpin employee motivation and productivity. The above aspects of employee well-being are basic needs that need to be met; therefore, one of the biggest challenges for business management in today’s fast-changing world is to ensure the competitiveness and profitability of companies by balancing this with employee well-being; therefore, the different dimensions of well-being and the factors that affect well-being that impact the performance of any employee and the company as a whole should be understood.