The importance of workplace Wellbeing

The importance of workplace wellbeing

Having healthy and happy employees is just as important to a business as the products or services it offers. Staff are an organisation’s biggest asset and if they are not thriving, then it has an impact on every other aspect of the organisation, including the products and services you provide to your customers. That’s why WorkSmart aims to support businesses and education settings across Lancashire and the North of England to help their employees thrive and therefore improve your organisation’s outcomes.

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What are the benefits of a Workplace Wellbeing Programme?

There is evidence to show that healthier, active and engaged employees are more productive, have lower levels of sickness absence and lower levels of presenteeism. Furthermore, motivation, creativity, efficiency and engagement are shown to increase. Any organisation can benefit from a workplace wellbeing programme due to the positive impact it has on turnover of staff, improvement in organisational reputation and the increase in profits and reduced business costs.

What do the numbers say?

Wellbeing has historically labelled as ‘woolly’, with return on investment not being very clear. However, more recent evidence suggests that not only does it demonstrate a return on investment, but the value of investment of a well designed wellbeing programme is crucial for long term success:

  • 70 million working days in the UK are lost each year due to mental health problems.
  • Poor mental health costs UK employers up to £45bn each year.
  • Corporate wellbeing could add £61bn to the English economy by 2025, through added productivity if companies create wellbeing strategies and improve under performing ones.

 

  • Holistic approaches to employee wellbeing that include strategies targeting both mental and physical health deliver a sustained behaviour change and have a greater return on investment. The evidence suggests that return on investment can range between £2 to £34 for every £1 spend, depending on the type of programme.

Return on investment is only one measure of the benefits of a workplace wellbeing programme and the value of investment (VOI) is starting to replace it in terms of measuring success of a wellbeing programme. This is the value that organisations look for in terms of both financial and non-financial benefits from healthy and engaged employees, such as higher retention, creativity, improved performance, high satisfaction levels and increased productivity.

Find out more

Whether you need help reducing sickness absence, presenteeism or improving employee engagement as a company or want to help your staff thrive and perform at their best, we can help. For more details about the services we offer, contact WorkSmart today!

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