Make 2020 The Year of Employee Well-being

As we start the year with news of major fire destruction, severe drought and many people feeling anxious, it's clear that 2020 is the year that organisations need to focus on employee well-being.

Work can have a positive impact on employees. Data collected by WorkScore from over 14,500 Australian employees shows that full-time workers have a mindset score higher than those who work below 20 hours per week. However, many areas need attention. Fifteen percent of respondents rated that work has a significantly negative impact on their well-being, and 21 percent are significantly impacted by a mental health condition. Plus only one-third of employees rated their well-being as very good.

The good news is that workplaces can improve their employees' well-being. Our research shows that in organisations where employees feel that ‌work‌ cares about their welfare, employees are happier, more engaged, and are less stressed and anxious employees.

In fact, our findings show that 70 percent of employees are engaged at work, compared to only 28 percent of employees who do not feel work cares. Similarly, 74 percent of employees rate themselves as happy at work, compared to only 23 percent.

 

If you make one investment this year, make it into employee well-being and create a thriving workplace culture.

Workplaces with a well-being focus also enjoy 54% of employees with high energy versus 27% in businesses without a well-being focus.  We also see less anxiety, less stress, and fewer ratings of depression amongst employees who rate work as caring about employee well-being. This demonstrates the clear return on investment into workplace well-being programs.

Well-being also plays a vital role in the productivity of employees. Our data shows that experiences at work significantly impact an individual’s well-being and performance, especially their happiness. For example, employees who have a high sense of accomplishment are, on average, 30% happier at work and rate 20% less down or depressed. They also rate higher in their energy levels and concentration—all components of a productive employee.

There is also a strong correlation between a high WorkScore/ well-being score and a significantly lower rate of absenteeism, again, showing the link between well-being and performance.

If you make one investment this year, make it into employee well-being and create a thriving workplace culture.

Download our 2020 e-report for full information on the well-being findings across Australian workplaces.

If you’d like to boost business performance by improving employee well-being, contact us on 1300 972 673 or email [email protected].