Personal Wellbeing

Retention - Attrition Spelt Backwards

December 5, 2022
The Wellness Tribe Team
Retention - Attrition Spelt Backwards

We are in the midst of layoff season. While the world is shocked to see large internet companies like Meta and Twitter fire employees, the Indian startup scene has also suffered. So, what led to this, what is happening now, and what is yet to come? 

Race to Mass Layoffs?

Adding to the difficulties in Silicon Valley is the possibility that Amazon will announce layoffs that will affect up to 10,000 workers. Following Microsoft, Twitter, Snap, Meta, and Twitter, Amazon is the next big tech company to lay off employees. There has also been a decrease in recruiting at Apple and other companies. 

In the wake of fears of a worldwide recession, technology companies, traditionally large spenders, are now turning to cost-cutting.

Mass Firings: What Led to This?

From January 1 to June 1, 2022, the market capitalization of the top 30 technology companies decreased by $4.3 trillion. These 30 companies represent the majority of the value of the global tech market.

At least $5–6 trillion was lost in the global listed tech market as a whole. The top 30 businesses account for $4.3 trillion of this. In actuality, the combined contribution of Apple and Microsoft to this market value decline is close to $1 trillion. 

From June to August 18, the market value of the top 30 tech companies experienced a $900 billion recovery.

What's the situation in India?

Many edtech companies have let go of employees, including Byju's and Unacademy. It was reported that Unacademy had laid off 1,150 employees, while Byju's laid off 550 employees, not far behind Vedantu, which had laid off 624 employees.

Meanwhile, MFine laid off 600 workers, Ola fired 500 people, and Cars24 reported 600 job losses. In all cases, layoffs were caused by tighter monetary policies and a correction in the stock market.

How About the Attrition Rate?

In addition to layoffs, IT organizations have experienced high attrition rates. Labor costs and the cost of acquiring talent led to squeezed operating margins for all IT majors during the previous quarter.

During the first quarter of FY23, Indian IT companies spent, on average, 57% of sales on employee salaries, with some, like Infosys, raising their top performers by one or two digits. TCS's attrition rate for Q4 of FY22 was 19.7%, much higher than Infosys's 17.4%.

In Q4FY22, HCL Technologies experienced an increase in attrition from 21.9% to 23.8%. However, Wipro has managed to keep attrition rates relatively stable, dropping from 23.8% to 23.3% between April and June.

Corporate Wellness

Corporate Wellness on a Budget: Creative Ideas for Small Teams

Mohit Sahni
Corporate Wellness on a Budget: Creative Ideas for Small Teams

When we think of corporate wellness, visions of expensive gym memberships or gourmet smoothie bars might come to mind. But let’s get real: small teams and startups often don’t have a wellness budget like Google or Apple. Here’s the good news: you don’t need big bucks to show employees you care. In fact, simple and thoughtful wellness initiatives can have a big impact—often, it’s the small gestures that make people feel most valued.

If you’re ready to create a positive, health-conscious work culture without the luxury price tag, here’s a list of budget-friendly ideas to inspire wellness and build a stronger, happier team.

Why Wellness Matters—Especially for Small Teams

In small teams, every person’s energy and morale shape the atmosphere. There’s no room for disengagement or burnout when everyone’s wearing multiple hats. But when people feel appreciated and supported, they bring their best selves to work—and that positivity becomes contagious.

Wellness doesn’t have to mean a fitness trainer on standby or a catered salad bar. It’s about finding creative ways to support your team’s well-being, helping them feel better at work and in life. So, how can small teams make wellness work without a big budget? Let’s dive in.

Low-Cost Wellness Ideas That Make a Difference

Here are some refreshingly simple ideas that don’t break the bank but can make a real difference.

1. Walking Meetings and Fresh Air Breaks

There’s something about stepping outside that clears the mind and lifts the spirit. Instead of a conference room, try holding meetings on the go. A walk-and-talk meeting gets people moving, wakes everyone up, and lets ideas flow in a new way.

  • How to Make it Happen: Dedicate one meeting a week to be a “walking meeting.” It’s simple and costs nothing, but it brings a little energy to the day.

2. Mini Wellness Challenges

Who doesn’t love a friendly challenge? Wellness challenges can bring fun to the workday while helping people adopt healthy habits. They don’t need to be complex or competitive—just something easy and lighthearted.

  • Challenge Ideas:some text
    • Water Challenge: Track daily water intake and see who can keep up with 8 glasses a day.
    • Step Challenge: Aiming for 8,000–10,000 steps a day is a fun, attainable goal.
    • Screen-Free Lunch: Encourage everyone to take a tech break at lunch. Phones down, heads up!

3. Stretch Breaks for Desk Warriors

Sitting all day does a number on the body, and let’s face it—not everyone has time for a workout. A quick stretch can release tension, refocus the mind, and bring a little calm back to the day. Plus, it’s great to do together!

  • How to Make it Fun: Set an alarm and make it a team ritual. Rotate who leads the stretch—this way, everyone brings their own twist to it!

4. Healthy Snack Sharing

Corporate Wellness on a Budget: Creative Ideas for Small Teams

A whole snack bar may not be realistic, but having a “snack stash” of healthy options can be a welcome treat. Think of it as a small act of kindness that shows employees you’re thinking of them.

  • Budget-Friendly Snack Ideas: Fruit, granola bars, nuts, herbal teas. Nothing fancy, but it goes a long way toward supporting everyone’s energy and focus.

5. Gratitude Practices

This one’s free but oh-so-powerful. Showing appreciation and recognizing efforts creates a positive environment that motivates everyone. Just a few words of encouragement or gratitude each week can have a massive impact on morale.

  • How to Start: Try a “Weekly Shoutout” ritual. Every Friday, gather for a few minutes to share something each person appreciated about a teammate. It’s uplifting and builds team unity.

6. Lunch-and-Learns for Knowledge Sharing

Learning sessions don’t need to be costly. Let your team members share their knowledge, experiences, or even a hobby. A lunch-and-learn is a great way to bond, build new skills, and break the routine.

  • Topics to Consider:some text
    • Financial wellness tips
    • Time management hacks
    • Fun personal interests like photography or cooking

7. Volunteer Together

There’s nothing quite like giving back to create a sense of purpose. Volunteering as a team not only helps the community but also brings people closer. It’s a powerful way to step out of the daily grind and connect with each other in a new way.

  • Ideas to Explore:some text
    • Organize a local park cleanup.
    • Volunteer at a nearby shelter.
    • Host a donation drive for a cause your team cares about.

8. Affordable Wellness Apps

You don’t need a corporate wellness program to support mental health and mindfulness. There are plenty of budget-friendly apps for meditation, fitness, and mental health support that can bring wellness to your team’s fingertips.

  • App Suggestions:some text
    • Headspace for meditation
    • 7-Minute Workout for quick fitness routines
    • Sleep Cycle to improve sleep habits

9. Reflection and Goal Setting

Taking a few minutes to pause and reflect can help everyone feel grounded. Set aside time each week for employees to look back on their achievements and set small goals. It’s a simple, reflective practice that fosters self-care and personal growth.

  • Why It Works: Regular reflection and goal-setting reduce stress and boost motivation, helping employees stay centered even when things get busy.

10. DIY Wellness Kits

Corporate Wellness on a Budget: Creative Ideas for Small Teams

Wellness kits don’t have to be fancy. Consider small, thoughtful items that bring comfort and relaxation, like a mini candle, herbal tea bag, or a journal for reflections. These little gestures make a big impact, showing employees that you care.

  • Kit Ideas:some text
    • A “Calm Kit” with chamomile tea, a mini journal, and a lavender sachet
    • A “Refresh Kit” with a stress ball, some herbal tea, and a small notebook

11. Flexible Work Options

If the work setup allows it, offer some flexibility. A little wiggle room with start and end times or the chance to work remotely on occasion can make a huge difference. Flexibility supports mental wellness by giving employees control over their schedules.

  • How to Implement: Even a half-day remote option can be a game-changer for mental health. If possible, offer one flexible day per month.

12. Growth Resources on the Cheap

Investing in personal development doesn’t have to mean pricey courses. A collection of shared resources—like TED Talks, podcasts, or free online courses—can inspire and support your team’s growth without cost.

  • Examples:some text
    • TED Talks on motivation and mindfulness
    • Podcasts about productivity or mental health
    • Free courses from platforms like Coursera or Khan Academy

Tracking the Impact of Budget-Friendly Wellness

Wellness programs don’t always show results immediately, but a few signs can help gauge their success over time. Keep an eye out for these indicators:

  1. Employee Feedback: Regular check-ins or surveys let you know what’s working and where you can adjust.
  2. Participation Rates: If people are joining in on activities, it’s a good sign they find value in the wellness initiatives.
  3. Team Vibes: Look for positive shifts in morale and energy. When people are more engaged and connected, it often means the wellness culture is working.

Wellness Doesn’t Have to Be Fancy to Be Effective

For small teams, the best wellness programs are the ones that come from the heart. You don’t need extravagant perks to show people you care—sometimes the simplest ideas have the biggest impact. It’s all about creating a supportive, understanding environment where employees feel encouraged, valued, and connected. When people feel good at work, it resonates in everything they do.

Corporate wellness on a budget isn’t just possible; it can be powerful. By focusing on small, thoughtful gestures, you can create a workplace culture that values well-being—and you’ll be amazed at the difference it makes.

Frameworks

5 Proven Psychological Frameworks to Rewire Your Workday

June 30, 2023
Mohit Sahni
5 Proven Psychological Frameworks to Rewire Your Workday

In the journey to greater productivity, understanding the underlying psychological principles that influence our behavior can be a game-changer. By learning these frameworks and how to apply them, we can optimize our work habits, maximize our output, and reduce burnout. 

Let's delve into five such frameworks that can transform the way we approach our work.

1. Zeigarnik Effect: The Pull of Unfinished Tasks

Named after Russian psychologist Bluma Zeigarnik, the Zeigarnik Effect is a psychological principle that posits that people remember unfinished or interrupted tasks better than completed ones. This cognitive bias is why uncompleted tasks can preoccupy our minds and hamper our focus on new tasks.

Leveraging the Zeigarnik Effect for productivity involves breaking down complex tasks into smaller, more manageable parts. When we complete these "mini tasks," we get a psychological reward in the form of a sense of achievement, fueling our motivation to proceed. Meanwhile, the unfinished larger task keeps our minds engaged, prompting us to return to it with renewed vigor and fresh insights.

For instance, if you're working on a comprehensive project report, break it down into sections and tackle each as a separate task. This approach provides frequent mental rewards, keeps your focus sharp, and can lead to a more thoroughly completed project. The benefits here include improved focus, enhanced motivation, and potentially better work quality due to ongoing mental processing.

2. The Pareto Principle: The Power of Prioritization

The Pareto Principle, also known as the 80/20 rule, is a principle suggesting that 80% of effects come from 20% of causes. In terms of productivity, this translates to 80% of your results coming from 20% of your efforts.

Applying the Pareto Principle involves identifying and focusing on the tasks that yield the highest value—the 20%—rather than equally distributing your effort across all tasks. For example, if you are a salesperson, you might find that 20% of your clients bring in 80% of your revenue. By focusing more on these clients, you can maximize your returns with the same or less effort.

The benefits of using the Pareto Principle include efficient use of time, higher productivity, and potentially higher satisfaction as you see better results from your prioritized efforts.

3. Parkinson’s Law: The Efficiency of Time Constraints

Parkinson's Law, named after Cyril Northcote Parkinson, proposes that "work expands so as to fill the time available for its completion." This means that if you set a generous deadline for a task, you're likely to use up all that time, even if the task doesn't inherently require it.

To combat this, impose stricter, yet reasonable deadlines on your tasks. For instance, if a task could reasonably take three hours but you typically allow six, limit your time to three hours and stick to it. By doing this, you'll push yourself to work more efficiently, cut out distractions, and avoid unneeded perfectionism.

The benefits include higher productivity, better time management, and less time wasted on over-polishing or unnecessary additions.

4. The Pygmalion Effect: Boosting Performance

The Pygmalion Effect is a psychological principle that explains how our performance can improve when we have higher expectations of ourselves. In essence, if we believe we can achieve something, we are more likely to make it happen.

To use the Pygmalion Effect to enhance productivity, set ambitious but realistic goals for your tasks. Your belief in your ability to achieve these goals can stimulate a self-fulfilling prophecy, where your high expectations lead to improved performance. For instance, if you believe you can finish a high-priority task within a day, you're more likely to accomplish it within that timeframe.

The benefits of the Pygmalion Effect lie in improved focus, enhanced self-confidence, and higher levels of achievement, leading to a satisfying sense of competence.

5. Flow Theory: Optimal Zone of Functioning

The concept of 'Flow,' introduced by psychologist Mihaly Csikszentmihalyi, refers to a mental state of complete immersion and enjoyment in an activity. It's that sweet spot where the challenge of the task meets your skill level perfectly, leading to heightened productivity and creative thinking.

To achieve this state, it's necessary to find tasks that engage and challenge you, but not to the point of causing excessive stress or anxiety. For example, if you're a writer, the task of writing an article on a topic you're passionate about could trigger this state, where your words flow effortlessly, and you lose track of time.

The benefits of achieving a flow state are multifold, including improved concentration, increased satisfaction from work, heightened creativity, and of course, a significant boost in productivity.

Final Thoughts

By understanding and applying these psychological frameworks—the Zeigarnik Effect, Pareto Principle, Parkinson's Law, Pygmalion Effect, and Flow Theory—we can transform our work habits, maximizing productivity while reducing stress. As we consciously align our work methods with our mental processes, we move towards a more efficient, satisfying, and balanced work life.

Interested in seeing how these principles can revolutionize your team's productivity? Reach out to us today, and let's embark on a journey towards a more productive, satisfying, and balanced work experience for your team.

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