Healthy people = healthy profits
Gemma Hart shares the benefits of prioritising employee wellness over company profits.
Wellbeing and mental health are trending topics and for good reason! Many individuals and organisations are campaigning to end the stigma around mental health by raising awareness of the issue and fighting for better treatment and support being made available.
And businesses are catching on. More organisations than ever before are prioritising employee wellbeing and mental health over company profits. And this change in business approaches is yielding exceptional results.
Reduction in healthcare costs
It goes without saying that healthy employees cost you less. Most organisations pay out around $13,000 per employee on healthcare costs every year. And if you have an employee count of over 1,000…well, you do the maths. It doesn’t take a genius to work out that, when it comes to health, prevention is nearly always better than cure.
For many organisations, introducing office perks such as standing desks, healthy snacks, mental health treatment, gym memberships, and mindfulness initiatives have been great ways to support mental health and reduce health issues resulting from a sedentary lifestyle. “High-powered professionals often prioritise work over their own health. As laudable as this is, it can be unsustainable,” says Kayla Gill, content director at LuxuryRehabs.com. “It’s possible to achieve your goals while still living a healthy life.”
People want to work for ethical companies and so adopting these kinds of programmes can provide the added bonus of attracting and maintaining top talent
The rise of obesity and stress can have an extremely negative effect on employee performance. So, by taking proactive steps and caring for the mental and physical wellbeing of your team,you will see a reduction in medical claim costs and employee absences.
Improve recruitment and retention
Employees who are unhappy leave their workplace in search of somewhere better. Organisations that don’t prioritise the mental health of their employees will see a higher rate of employee turnover and find it harder to retain their top talent. Turnover costs US employers over $1 trillion a year.
Creating health programmes and enforcing wellness activities for employees are great ways to provide a healthy outlet for managing stress. This can make for a happier working environment. And a happier team means a more engaged and satisfied one.
What’s more, adopting health and wellness programmes shows potential employees that you are an ethical company that cares about treating people right and supporting them in all aspects of their lives.
People want to work for ethical companies and so adopting these kinds of programmes can provide the added bonus of attracting and maintaining top talent.
Boost productivity and engagement
Employees that are dissatisfied at work and struggling with their mental health will often be less productive and struggle to engage. Companies that prioritise employee wellbeing will see the mental health of employees improve, as well as their resilience to stress, their decision-making, their relationships with colleagues, and their approach to work.
Employee engagement is the gold standard for business success. Engaged and highly motivated employees will always do their best work and tend to go above and beyond what is required of them. Employee wellbeing and good engagement and productivity rates go hand-in-hand. One affects the other. Employees whose wellbeing in the workplace is prioritised are twice as likely to be engaged and productive at work.
If you aren’t investing in the mental health and wellbeing of your employees, you should be. Better mental health means boosted employee productivity and engagement, ultimately leading to higher profits and success for your business.
Better customer service
The better your customer service, the more customers you will attract and retain. Great customer service is central to the success of your business. Organisations that excel in customer service see the results of their efforts in the financial success of their businesses.
However, the success of your customer service will depend on the mental health and wellbeing of your employees. An overworked, stressed, or struggling employee will ultimately result in poor customer service. And this can hurt your brand reputation.
In contrast, employees that are well looked after and have high wellbeing tend to provide far better customer service, show more enthusiasm for their job, and be more productive in their role. These factors alone can boost business turnover and help win and retain high numbers of new customers.
Improve brand reputation
As a brand, if you support the mental health and wellbeing of your employees, it won’t take long for others to hear about your efforts. Employees love to shout from the rooftops about organisations they work for that allow for benefits such as flexible working hours, unlimited holidays, gym memberships, health insurance, and paid therapist appointments.
Organisations that provide the mental health of their staff are more likely to be highly favoured by their team, potential employees, and their customers. When people know that you care they are more likely to care about you, too. And in order to grow your business, you want people to care about it. So, supporting the mental health and wellness of your team is a great place to start.
Prioritising the mental health and physical wellness of your employees doesn’t just benefit them, it can also benefit your business. Healthier employees are happier employees and that means better job satisfaction, higher motivation levels, and increased company loyalty.
In this article, we have listed just some of the benefits you will see from prioritising wellness within your organisation. If you look after your people, they will look after your business. It’s as simple as that.
Gemma Hart is an education and career consultant and can be contacted at email@example.com
Sarah Cook and Steve Macaulay offer their advice on maintaining a positive outlook in challenging times
Cass Coulston explores recent research into ways of leading and thriving in a hybrid work environment
Anthony Santa Maria on how personalised learning builds future-ready workforces
As the new world of work takes shape, one of the top talent trends that emerged for 2021 has been a drive to reskill and upskill employees.
Vincent Belliveau, Senior Vice President & General Manager EMEA at Cornerstone OnDemand, explores the benefits of internal recruitment