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EMPLOYEE WELLBEING MEANS INCREASED PRODUCTIVITY
from MiB_mag6
The Chartered Institute of Personnel and Development reports that employees who feel more appreciated at work have positive associations about other aspects of their lives such as health and relationships This provides a link between a supportive workplace and a happy employee
Similarly, a Government study reviewed the impact on employee wellbeing and its potential effect on workplace performance suggesting a stronger focus on wellbeing will result in improved workplace performance, linking to profitability, productivity and quality of output.
Organisations appreciate the priority of health and wellbeing and the importance of demonstrating that each employee’s health and wellbeing is valued. However, every organisation is at a different stage of development with regards to the strategy they employ and how they can make it tangible for the employees
Benefits
Health and wellbeing programmes can provide company-wide benefits, that include:
Increased motivation and productivity. Ongoing support helps staff work through personal or work-related difficulties and helps maintain productivity
Higher staff retention. Employees who feel supported will have the passion, drive, and determination to commit to the organisation and can ensure the organisation retains its best employees and keeps training and recruitment costs low.
Reduced sickness absence. Staff will face fewer physical or mental ailments that require time off or be aware of them earlier to access the treatment quickly before any condition has time to deteriorate further
Reduced presenteeism. Presenteeism is when a member of staff comes to work despite not being in the best physical or mental health, which causes them to perform below standard. According to research, presenteeism costs one and a half times more than absenteeism because it causes accidents, underperformance, and mistakes. Jobs often need completing twice, or staff have to take more time off than they initially would have.
Higher job satisfaction. Employees who feel appreciated at work gain more satisfaction from working. According to a workplace survey, 80% of people said that better wellbeing benefits would make them feel more positive towards their employer.
Irrespective of the size of your business, an employee health and wellbeing programme can only benefit your staff and your business. Learn more about such schemes here