Three Reasons To Prioritise Employee Wellbeing
It’s no surprise that both in sports and business, physical wellbeing propels success. Athletes in peak physical fitness produce winning results and the same is true of healthy workforce's.
In fact, the Australian government found healthier employees, on average, clocked in an additional 94 hours of productive work compared to their less-healthy colleagues.
But beyond additional working hours, there’s a wealth of benefits for businesses that invest in the health of their workers.
Here are three more reasons to prioritise employee wellbeing:
Good health boosts productivity
Fitness and performance go hand in hand. Before ever running a race, Usain Bolt built up fitness and energy by staying active. That high-energy result of being healthy led to phenomenal results on the track.
Similarly, healthy workers have more energy, energy that boosts productivity. In the UK, businesses which focused on improving employee energy levels saw an increase of between 20 minutes to an hour in productivity per day.
In Australia, there’s also substantial evidence that supports the link between sound worker health and business performance. Comcare has even attributed a 5:1 return on investment ratio on employee health programs. And Healthier Workplace WA reports that for every dollar spent on promoting good health, businesses could get back more than $4 in three years.
Poor health hurts the bottom line
There’s a reason bad health is called such—it just doesn’t result in anything good. When athletes are set back by injuries, they direct energy at rehabilitating the body, instead of winning.
So, poor health is costly. Research indicates that physical ailments such as arthritis, back pain and headaches cost US employers nearly $47 billion.
Poor health is also costing businesses through presenteeism, or turning up to work while unwell. Just like the injured athlete, a worker displaying presenteeism, just isn’t productive. This, in turn, is estimated by the Royal College of Australian Physicians to cost employers $8 billion per annum.
Caring for employee wellbeing lifts engagement
Is such a thing as a home-court advantage real? It will be for your business when you demonstrate care for employees through health and wellbeing programs. The chemicals in our body even guarantee it. When we feel safe, not stressed, we release oxytocin which makes us feel good—we feel engaged.
Plus, studies show that well-managed health and wellness programs increase the number of engaged employees by up to 48 percent. So, not only will a healthy workforce boost productivity, but they also drive people engagement which ultimately leads to business success.
Ready to invest in employee wellbeing? Make time to investigate. The best athletes surround themselves with experts to analyse the specifics of areas they can improve. Likewise, find out what health issues exist in your workplace and address them through a targeted and meaningful wellbeing program.
If you’re struggling with this, we can help. Use WorkScore’s real-time data on your employees' wellbeing and their unfiltered feedback to pinpoint exactly how you can improve employee health and engagement.
So, establish a culture of wellness and reap the benefits for your business. Not only will you enjoy better results, you’ll also be the gold medal employer to your people. Champion!