The Rise Of Workplace Wellness Programs
Fads are often short-lived crazes. However, the increasing popularity of workplace wellness programs is not a passing hype. In fact, the very latest research shows a majority of employees want to have a wellbeing program.
More than a fleeting phase, it seems employees are looking to improve their quality of life and a recent survey showed many workers are willing to do more for their health. So, it’s clear—employees place a premium on their health and expect employers to provide the programs to support that.
But wellbeing programs require resources. If you’re a discerning leader, you may wonder if such programs are worth the investment. Are wellness programs on the rise for good reasons? We think so, and here’s why:
Even the Australian government acknowledges how effective wellbeing programs are in reducing absenteeism, presenteeism, staff turnover and compensation claims. They’ve valued the return on investment for every dollar spent on wellbeing to be 5:1!
No surprise then that more businesses implement wellness initiatives for their staff. Wellbeing programs don’t just benefit your people—they're fantastic for your business too.
Having a wellness component to offer employees is no longer a novelty. The biggest Aussie companies, such as Qantas and LendLease, have it and we at WorkScore are working with more and more small to medium enterprises who have them too. Businesses who want to stay competitive understand the need to have a workplace wellbeing program.
Also, all employers have a duty of care to provide a workplace free from physical and psychosocial risks to health and safety. Having a wellbeing program means you’re assured you cover this obligation and then some.
While the apparent result of a wellbeing program is a healthier workforce, the more important one is that it boosts morale and engagement.
A employees’ pay covers only their basic needs. Providing a self-enriching component to remuneration, such as a wellness program, covers your workers’ higher needs. That then results in feeling fulfilled and motivated to achieve more. And that equates to an engaged and productive workforce.
So, wellbeing programs aren’t just a hot new trend. They work, you must have them to stay competitive, and they lift business performance by boosting morale.
Would you like ideas on how to launch an excellent wellbeing program? Contact the WorkScore team on 1300 972 673 and check out the WellHub for inspiration and advice.