A question that new entrepreneurs often ask me is: how should I treat my staff?
They want their employees to be happy and productive, but don't know how to achieve that balance. How much responsibility do they actually have for workers' physical and mental health? What sort of perks do they need to offer in order to attract and retain the best people?
In recent years some companies have tried innovative approaches to answering these questions, taking advantage of advances in technology and changes in our society. Many younger people, for instance, like to have flexibility in where they work, so some businesses offer employees the ability to work from home. Other businesses, like Zappos, have thrown out their entire organizational structure, along with the job titles!
At Virgin, we've taken two big steps over the past couple of years: we now offer employees at our head offices unlimited annual leave and flexible work schedules. Our teams have responded with enthusiasm. If the experiment continues to work well, I'm sure many other companies both inside and outside of Virgin will follow suit.
The policies also highlight something that we at Virgin have all been discussing for some time: the importance of employees' well-being. Our passionate and varied debates about employers' responsibilities in this area prompted us to focus our next Virgin Disruptors forum on the subject, "Your Workplace Well-Being: At What Cost?"
The value of measuring well-being, even beyond business, was summed up nicely by a panelist who will be joining me at our debate later this month.
Jim Clifton, the CEO of Gallup, recently pointed out on our Disruptors blog that the one of the few signs that the Arab spring was about to happen a few years ago could be found in data about well-being that was measured in Tunisia and Egypt.
While gross domestic product in both countries looked healthy between 2008 and 2010, discontent was bubbling under the surface. "Just about everyone in the world thought those countries were fine," Clifton wrote. "But no one saw that well-being was crashing in both societies. Well-being metrics for nations and cities and organisations will become as or more important than traditional economic measures, such as GDP or company stock prices, within two decades; simply because they predict better."
So what steps should entrepreneurs and managers take to improve employees' well-being at their companies?
Every company and its staff is little different, so I don't want to suggest a one-size-fits-all solution. The basis of the best initiatives is to treat people with respect and give them more responsibility.
My primary tip: be bold. Don't be afraid to try new things; just let your team know what you're doing. Then get feedback from your staff, and if a policy doesn't work, it's OK to reverse it or make changes. You're looking for solutions that work for everyone in the company. While it's true that you can't please everyone all of the time, giving people choices, rather than a rigid set of rules to follow, will ensure a feeling of empowerment across teams.
And remember to embrace your employees' individuality. Their family commitments, extracurricular activities, different health requirements and other aspects of their personal lives shouldn't be viewed as baggage. After all, successful companies have diverse staffs.
I have to say that it's been interesting to see how one of our newest businesses, Virgin Hotels, has shaped its wellness programme. Since they're based in Chicago, a city that's very culturally diverse, they have had a lot of bases to cover.
Here are just some of the steps the team has taken to ensure that every hotel employee is happy on the job: offering healthy food options for staff, providing yoga classes in the hotel, setting up a softball league, sponsoring English-language classes for those who don't speak it as a first language and making a serious commitment to mental well-being.
Above all, keep in mind that a business is a collection of people. If your people are not happy and healthy, then your enterprise's prognosis isn't good either. But if you make sure they have the time and support they need, you'll set them and your company up for success in the long term.
(The next Virgin Disruptors debate will take place on April 23. Watch live on Virgin.com at 3 pm Eastern time.)
(Richard Branson is the founder of the Virgin Group and companies such as Virgin Atlantic, Virgin America, Virgin Mobile and Virgin Active. He maintains a blog at www.virgin.com/richard-branson/blog. You can follow him on Twitter at twitter.com/richardbranson. To learn more about the Virgin Group: www.virgin.com.)
(Questions from readers will be answered in future columns. Please send them to RichardBranson@nytimes.com. Please include your name, country, e-mail address and the name of the Web site or publication where you read the column.)
Optional listicle
How to keep your staff happy, healthy and productive
Here's how to find policies that suit your employees:
�2 Experiment: Don't be afraid to try new ideas and always keep your team informed about what you're doing.
�2 Try, try again: If a policy misfires, don't give up. It's OK to make changes or scrap it and try something new.
�2 Ask for opinions: Get feedback from your staff and be sure to find solutions that work for everyone in the business.
�2 Choices are key: No, you cannot please everyone all of the time. But giving people choices, rather than a rigid set of rules to follow, will make them feel empowered.