Is supporting employee health and wellbeing one of your business goals for 2019? Want to know more about the benefits of investing in workplace wellbeing?
From lower business costs to building better business partnerships, getting a handle on employee health and wellbeing can bring a host of benefits
Corporate Wellness as a Wider Trend
The focus on the importance of employee health and wellbeing has increased significantly over the last few years, with Deloitte tipping it as one of its Global Human Capital Trends just last year. Why? There’s no getting round the fact health and wellbeing impacts performance, and supporting employees in their mental and physical health has been shown to increase employee engagement too. With this in mind, businesses of all sizes are examining how they can embed health and wellbeing support into both company culture and benefits packages.
5 Reasons Your Company Needs to Focus on Employee Health
The most obvious benefit to having a happy and healthy workforce is of course that they’re more likely to turn into work but that shouldn’t be your only driver to invest in wellbeing.
1) To Attract The Best Talent
A good corporate wellbeing program can help you attract talent for your company. When it comes to candidates choosing between two roles or companies, an attractive wellbeing offering could be a deciding factor. As a workforce, we’re working later into our lives and in many cases finding the lines between work and life blurred. This of course means that employees need to make their own health and wellbeing a priority and are increasingly seeking out employers who do too.
2) To Retain And Support Talent
It costs time and money to train employees and build great teams, why would you want to risk losing that due to individuals not feeling adequately supported? The impact of a good health and wellbeing program to retain staff works for the good of the business at several levels. Firstly, by encouraging better health and wellbeing your company is less likely to lose staff due to long-term sickness. Secondly, retention is encouraged by better employee engagement because employees tend to feel more valued and cared for.
3) To Reduce The Cost of Stress and Sickness
According to figures published by the Health and Safety Executive, there were over 15.4 million working days lost to work-related stress, depression and anxiety in 2017-18. This accounts for over half of all working days lost due to poor health in Britain. When it comes to causes of workplace injury absence, after mental health issues, back conditions and muscle injuries (musculoskeletal disorders) rank in second place. Of course, these are just workplace related illnesses – just imagine how many lost workdays supporting employees with their wider health and wellbeing could prevent.
4) To Support Business Relationships
Over the last decade in particular, Corporate Social Responsibility has come to be a defining factor in the building of partnerships and winning business. The increasing focus on employee health and wellbeing can be seen as part of and an extension of this. Promoting wellness within your workforce is likely to have a knock-on effect on the wider community. It has potential to help create a more health-conscious, happier or healthier community. It is also likely to benefit the immediately family of employees.
5) To Be A Forward Thinking Competitive Business
Compiling together all the benefits above, investing in health and wellbeing helps to keep your business competitive. When you’re staff are feeling at the top of their game, you’re attracting and retaining the best possible talent, creating valuable partnerships and winning business – so your company has a clear advantage. And at the most basic level, having happy and healthy workers is good for productivity.
Taking The Initiative With Health and Wellbeing
What kind of health and wellbeing support is currently available in your work place? Do you offer gym membership or discount as one of your work perks? Perhaps you give staff access to a counselling line, have masseurs visit the office or have you integrated mindfulness apps into your employee benefits package? There are lots of possibilities and opportunities, so if you’d like to improve your offering, it’s a good idea to do things like dig into your staff sickness data. Asking for feedback from to your staff can also give you get a better understanding of what might offer them and your future employees, real value.