Practitioners

Are employee wellness programs necessary or nice to have?

Wellness in the workplace is a familiar term these days but some companies are still unsure whether it’s something they should be focusing on or if it’s just a nice-to-have option.

We’ve dived into some of the research to unpick what’s driving the development of wellness in the workplace and why it should be made a main priority for your company.

We’ll help you empower your employees to take control of their health.

Priorities have shifted significantly for many of us in a post-pandemic world and employees are no exception. 

 

Taking care of physical and emotional wellbeing and supporting immunity has become a much bigger focus as a result of Covid-19. And with more employees working from home during the pandemic and struggling with blurred boundaries, isolation and moving less, maintaining a healthy work-life balance has become much harder. 

 

Now that life is getting back to ‘normal’, there’s a big argument for not resting on your laurels as an employer. The pandemic has brought wellbeing to the forefront, which means employers need to adjust their perspective on this too. 

 

Whereas a culture of wellness may have previously been a nice-to-have bonus for employees, the tide is rapidly shifting. It’s quickly becoming a necessity that can make or break your company’s future success. 

 

Not convinced? Here’s why wellness initiatives are more than just a tick-box exercise.

 

Wellness support is non-negotiable for many employees

Employee expectations have changed in recent years, and wellness has become more of a deal-breaker. In a post-pandemic world, the link has only got stronger. 

 

Employee wellbeing is often as important as salary and in some cases, it’s the most important factor when choosing where to work. 

 

Current employees expect companies to support their wellbeing and they’re not shy about moving on if their needs aren’t being met. In one survey, 77% of respondents admitted they would look for another job if they didn’t get enough support from their employer. 

 

This is significant given that only 31% of employees feel that their wellbeing is thriving and 2 in 5 employees want more wellbeing support from their company. 

 

Can you afford not to offer that support? Probably not when you factor in that if employees leave, it’s expensive to fill the vacancy. Here’s a stat that might scare you – staff turnover costs businesses £11,000 for every employee that leaves. The less retention there is, the more it’s going to eat into potential profits. 

 

Without a commitment to wellness at work, it’s not that easy to replace employees who leave. Top talent has the pick of the bunch when it comes to job offers and the stats are clear. In a recent survey, 73% of respondents said they wouldn’t move to a company that isn’t investing in corporate wellness. If your company is one of them, top talent may bypass you when they’re looking at their options.

 

Wellness support is the secret to productivity and profits

And that leads me nicely to the impact on profits. 

 

When companies commit to having a wellness strategy, the return on investment can be huge. Less time off for physical or mental health concerns is one of the big ones.

 

UK businesses as a whole lose £11.2 billion every year due to employee sickness. If your employees are regularly absent due to ill health, your company is losing profit needlessly. I say needlessly because a lot of absenteeism can be avoided by supporting employees to stay well. 

 

And then there’s the elephant in the room – that employees don’t have to be taking time off work to cut into your revenue. They can be present but unproductive and disengaged – a concept known as presenteeism. This is a very real phenomenon and it costs UK businesses a whopping £15.1 billion per year. 

 

If employees are coming to work and struggling with fatigue, brain fog or pain, it’s hard for them to focus and be productive. Empowering them to take control of their health is a win-win for them and for their employer. 

 

Happier, healthier employees are key for performance, productivity and profits 

 

Companies reap the benefits when they commit to having a culture of wellness. Even a medium investment in health and wellbeing can bring big rewards and future success. 

 

Wellness in the workplace has gone from being ‘nice to have’ to ‘absolutely necessary’ – assuming you don’t want to be left behind when it comes to talent and profits!

 

We get that it’s scary and daunting but as your wellbeing partner, we can help you to work out what will (and won’t) work for your company. 

Let’s take you from feeling overwhelmed about how to support your employees to making wellness initiatives a natural part of your company culture.

We’ve created a guide to corporate wellness, giving you the stats on why it matters and some insight on how to get started.

Download your copy.