29 July 2015

The Business Impact of Health and Wellbeing

Posted in News

The Business Impact of Health and Wellbeing

Health and wellbeing for employees is something that needs to be taken into consideration with any business. There are many ways in which a business tackles workplace wellbeing, from the training of managers to enable them to spot the signs leading to sickness absence, through to promoting fitness and healthy eating for its employees.

Whichever direction a business decides to take, doing nothing at all shouldn’t be an option, and could have massive consequences for your business.

An online survey commissioned by financial protection company, Unum, came back with some results that should give business owners who are not currently monitoring the health and wellbeing of its employees, the nudge they need to take action.

The findings of the survey were as follows:

  • 21% of employees who have experienced poor workplace wellbeing would be less likely to stay with their employer long term. 26% would be less motivated to work, while 30% would consider leaving their job!!
  • 1 in 5 employees felt that things had become worse in the workplace over the last 3 years.
  • 42% of female and 30% of male employees feel that they are poorly cared for by their employer.

The Building Blocks of Staff Loyalty

  • 83% of employees value a competitive salary
  • 81% value a good relationship with their line manager
  • 79% value the feeling of empowerment at work
  • 65% value a comprehensive benefits package
  • 62% appreciate financial support if they fall ill
  • 54% value a good bonus to reflect their hard work
  • 54% value a good pension scheme

Sickness absence costs businesses throughout the UK an average of over £600 per person, per year! This kind of sum can hit businesses hard, especially small to medium sized companies. However, there are still around two thirds of companies that don’t monitor their employees physical and mental health.

Healthy employees lead to a healthy business, with better productivity and performance. With that in mind, it is crucial that you plan the health and wellbeing of your employees into your schedule sooner rather than later.

If you need help with setting up a health and wellbeing plan of action for your employees then contact Well Working Matters and you can begin to enjoy the benefits of a healthier business.