8 reasons why your workplace needs a health and wellness program.
Considering investing in a workplace health and wellness program?
Wellness programs give employees incentives, tools, social support, privacy, and strategies to adopt and maintain healthy behaviours. With that in mind, if you’ve been thinking about implementing a program for your people or need some more information to get it across the line with the powers that be, here’s our top 8 reasons why your workplace should have a workplace health and wellness program.
1. Healthier employees.
Employees of companies with wellness programs take on better health behaviours. They make better choices around diet, they take steps (literally) to exercise more often, they smoke less, they don’t drink as much, and they’re better equipped to acknowledge and deal with stress. One particular study looking at almost 200,000 wellness participants showed that 5 of 7 health risks (think cholesterol, weight, stress, smoking etc) improved after only one year. Having healthier employees will have a whole host of benefits for the overall health of your business.
2. Increased engagement from your people.
Do you track employee engagement in your business? You’ll find that measuring and working towards increasing employee engagement is a valuable tool.
A report by the Economist found that – “Wellness programs increase employee engagement with the company’s mission and goals. Employees are also more likely to see their own wellness as being linked with professional success. Companies that build a wellness culture thus acquire a workforce that is not only more focused and engaged, but that sees that culture as benefiting their careers.”
3. Increased productivity.
Poor employee productivity can be defined as physically being at work but not working as well as you could be. Referred to as presenteeism, a report by Medibank in 2011, estimated that the cost associated with presenteeism to the Australian economy
was $34.1bn or a reduction to the GDP of 2.7% compared to a non-presenteeism scenario.
In real terms for your business, your healthiest employees will be almost 3 times more effective than the least healthy, with the healthiest employees working approximately 143 effective hours per month compared to 49 effective hours for the least healthy.
4. Increased employee satisfaction.
A 2017 report found that companies with health and wellness programs had employees who were 67% more satisfied than those who worked in a business that didn’t have an employee wellness program. Incidentally, employees who are more satisfied with their workplace are also less likely to take time off due to injury and also less likely to make a claim for workers compensation.
Are your people required to interact with your clients or even with other employees as part of their day to day work? Can you imagine the difference in the quality of that interaction if those involved were satisfied with their job versus if they weren’t?
5. Happier customers.
A truly great customer experience can only be provided by your people when they feel happy and engaged at work. When your employees are happier, so are your customers, and when your customers are happy, they become more loyal to your brand, they spend more money with you and ultimately your business benefits.
Forbes observed that companies which made an appearance on the “official” Best Companies to Work For listing on a regular basis nearly uniformly outranked their rivals from a profit perspective. Apple is, off-and-on, the most valuable company in the world, and they’re on that list year after year.
6. Lower absenteeism.
It makes sense that a wellness program that improves the health of your people will have an impact on how often they are absent from work. Employees who are more engaged and satisfied with their work are also significantly less likely to take time off.
Any wellness program that can reduce absenteeism will experience cost savings for the business. Harvard research demonstrated that for every dollar spent on wellness they can save $2.73 and reduce absenteeism.
However you look at it, employees in companies that have employee wellness programs are less absent from work. In other words, they are less likely to miss work without a valid reason and that’s a win for business.
7. Increased staff retention.
Employees in companies who have implemented employee wellness programs are less likely to leave their job than employees in companies without these programs. Fewer (only 25%) employees in companies with employee wellness programs said they intend to leave their job in the next year. In companies without employee wellness programs, 51% of employees said they intend to leave their job in the following year.
With direct replacement costs reaching as high as 50% – 60% of an employee’s annual salary, it’s more important than ever to retain the talent you have.
8. Better applicants.
Health and wellness programs for your people have one more fantastic benefit. They make your business a more attractive proposition to potential candidates. The Virgin HealthMiles/Workforce survey found that approximately 87% of employees said they consider health and wellness offerings when choosing an employer.
Along with attracting better new talent, 89% of existing employees at companies that support well-being efforts are more likely to recommend their company as a good place to work.
well people helps businesses improve the health and wellness of their people, resulting in more productive workplaces with a lower incidence of illness and injury.
healthy business performance
We’ve rolled programs out across some of Melbourne’s great workplaces and we can’t wait to work with you too.
Send Matt an email – firstname.lastname@example.org to get the ball rolling for you too.