The Case for Workplace Wellbeing
500 HR managers can’t be wrong. According to recent research, employee engagement is the top challenge facing HR in 2019. Close on its tail are recruitment and retention; absence management; and wellbeing. By comparison, complicated and far-reaching challenges like GDPR were deemed to be more navigable and less problematic.
What do these issues have in common? All are driven or amplified by worker malaise. HR managers instinctively know that teams work best when individuals feel valued and are collaborating creatively and productively. They also know that even the best, most dedicated employees can get burned out or check out mentally due to stress, illness or issues at home. The data bears this out: 73% of UK workers consider themselves to be disengaged, with as many as a quarter admitting to simply coasting along and even worse, 19% finding themselves completely demotivated.
Wellness will not only play a key role in the future workplace, it is already being deployed successfully today by forward-thinking organisations. 94% of the most admired companies in the world believe engaging their employees creates a competitive advantage. Meanwhile, 67% of private sector companies cite ‘budgetary constraints’ as the top factor influencing decisions to purchase wellbeing benefits.
Making the case
If there are senior gatekeepers in your organisation, how do you make a solid business case for a workplace wellness programme? The good news is that the data is on your side.
Research supports the effectiveness of CWPs (corporate wellness programmes) in increasing profits and reducing costs. All in all, employers who invest in appropriate and successful workplace health initiatives consistently see an ROI in the region of 300% to 600% in year one alone.
We’ve identified 4 key drivers for achieving a return on investment with CWPs, and we’ve structured our wellness framework accordingly.
Our Talent module focuses on the building blocks of great workplaces: attracting and retaining great talent. Once you have the best people in-house, how do you get them working together harmoniously?
Our Together activities build strong team bonds and encourage social cohesion.
Next, we make sure the team is Tuned in, by zeroing in on the causes of absenteeism and presenteeism.
Finally, we aim for everyone to be Performing well by addressing the causes of low motivation and engagement such as stress and poor nutrition.
Download our free PDF guide to corporate wellness for key facts and figures and in-depth case studies
attracting and retaining the best people
52% of workers would join a company that cared about well-being over one that paid 10% more
Better talent attraction: CWPs bring a competitive edge during recruitment. 52% of employees would choose a company that cared about their well-being over a company that paid 10% more.
Better talent retention: 36% of the UK workforce are likely to leave their jobs within one year. CWPs help retain talent: firms with engaged employees enjoy 87% less turnover whereas people who are stressed at work are 26% more likely to leave.
building strong team bonds and togetherness
60% of UK employees are suffering feelings of loneliness at work.
Stronger team: Corporate wellbeing programmes improve employee relations, morale and social cohesion. Employees with strong social connections at work have higher job satisfaction, improved productivity plus greater commitment to their co-workers and companies. They also produce better-quality work.
Reducing absenteeism and presenteeism
On average each employee loses 36 days of productive time per year
Lower absenteeism and presenteeism: 140 million working days are lost to sickness absence in the UK annually. Absenteeism and presenteeism cost the UK £57 billion per year. The data shows that workplaces with CWPs have 25% lower medical and absenteeism expenditures than those who don’t. Attending work whilst unwell costs employers an average of £605 per employee per year. For every £1 lost to absenteeism, an estimated additional £2.50 is lost to presenteeism.
4. Performing Well
Addressing the causes of low motivation
92% of UK employees are not actively engaged with their work
Increased productivity: data conclusively shows that employees who participate in CWPs are more productive. A recent case-study at XX showed that introducing a CWP led to one extra employee workday per month, delivering a ROI of 528%.
We help employers address their biggest wellbeing challenges. By using a framework that directly addresses the major employee engagement issues, we can create impactful change through targeted interventions where you need them most.
If you want to talk about how we can apply this framework to boost wellbeing and performance at your company then get in touch