As companies around the world recognize the importance of providing their employees with health benefits, they are realising the potential to improve their productivity and retain talent. Numerous studies have shown that providing these benefits can help improve the work environment and increase employee satisfaction.
Our research points to five valid reasons how employee wellness benefits can improve an organisation’s work culture and talent acquisition efforts.
1. Health care policies attract more talent:-
Companies that prioritise employee health and wellness are more desirable to prospective employees. The more attractive your company is, the better the talent you'll attract.
A recent study found that nearly 70% of workers would take a pay cut if their employers offered better workplace benefits.
Employees who are happier at work are more productive and more engaged. They're also less likely to leave the company. A Gallup poll found that only 29 percent of U.S. workers were engaged on the job in 2015 — down from 32 per cent in 2013 and 34 per cent in 2014. Having programs in place that focus on health and wellness shows employees how important they are to the organisation. This can boost morale and improve teamwork among employees.
2. A healthier employee is a more productive employee:-
According to a study done by the Health Enhancement Research Organisation, employees who had healthy eating habits were 25% more likely to have higher job performance. Moreover, employees who ate five or more servings of fruit and veggies at least four times per week were 20% more likely to be more productive which indicates the imperative need for mindful eating guidance for the employees.
Employees who had healthy eating habits were 25% more likely to have higher job performance.
Another research that suggests its importance is by Harvard Medical School and Stanford University on burnout. According to the study conducted, employees who suffer from burnout cost companies an average of $14,000 per year in lost productivity. This means that over half of an employee's annual salary is lost due to stress and unhealthy in-office practices. It clearly suggests that burnout, stress, unhealthy eating habits and other diseases can lead to low productivity in the workplace. But when companies invest in workplace wellness programs, they don’t just save money on insurance premiums but also improve employee morale and productivity levels of their employees. Employees who are in good health tend to be more productive at work because they're less likely to get sick or injured during the course of their job.
3. It helps employees enhance their Work-Life balance:-
Can a positive work environment improve employee health?
Many companies are regularly facing complaints from employees about their work-life balance. This is especially common with millennials who value workplace wellness and encourage employers to take initiatives.
A recent study by researchers at the University of Michigan found that it can. The researchers studied more than 1,000 employees at a large U.S. company with a high-quality employee wellness program in place. The researchers found that employees who felt more engaged with their work were significantly more likely to have higher levels of physical activity and healthier eating habits than those who didn't feel engaged with their jobs. Hence, focussing on employee health and wellness can increase engagement and satisfaction.
Increase productivity by supporting mental health initiatives. Mental health is just as important as physical health, but often goes ignored in corporate wellness programs. Encouraging positive mental health can help reduce stress levels and improve work culture. A happier workplace is a more productive one! Enhance loyalty by investing in employee education about nutrition and exercise choices. This includes providing healthy snacks and beverages at work; offering fitness classes (yoga or otherwise); providing opportunities.
4. Healthy employees = Lower costs
Investing in your employee's health can reduce your healthcare costs by reducing sick days, increasing productivity, and lowering turnover rates. This is a win-win situation for both employer and employee. When employees are taking more sick days, it's costing you money. healthier employees are less likely to call in sick or file workers' comp or disability claims. They're also more productive and less likely to have costly medical conditions like diabetes or heart disease. In fact, one study found that companies with workplace health programs saw a 25% savings on absenteeism, health care costs and workers’ compensation and disability management claims costs.
So what does that mean for you? It means that the cost of building a workplace wellness program might be outweighed by the benefits—and it’s certainly worth doing some research!
5. Emphasis on health care leads to less absenteeism:-
The global cost of absenteeism related to health problems is estimated to be up to $180 billion. According to another survey, of the nearly 600 employees who voluntarily quit their jobs without getting others, 47% returned to the workforce in traditional or non-traditional employment relationships. Another research suggests that of the almost 600 employees who voluntarily left a job without another in hand, hardly 47 per cent returned to the workforce in either traditional or nontraditional work arrangements. This not only includes high-paid executives and people from high-level positions but also the white-collar workers and blue-collar workers who are employed in factories and hospitals. Healthier employees are more likely to be happier and have higher morale. They take less time off for sickness, which means more available time to engage with their work.
The global cost of absenteeism related to health problems is estimated to be up to $180 billion.
In today's world, it is more important than ever that companies take the necessary steps to ensure that their employees are well-equipped to manage their health. By providing comprehensive health benefits, such as gym memberships, free meals, and on-site exercise classes, you can help your employees maintain a healthy lifestyle.In today's world, people are working harder than ever, so businesses must take steps to ensure the well-being of their staff. By offering health-focused benefits such as gym memberships, free healthy meals and on-site exercise classes, you're ensuring that your employees can maintain a healthy lifestyle even when they're at work.
Employees who feel valued by their employer will be more loyal, which could translate into fewer staff turnovers or high recruitment costs when looking for replacements. Healthier people are more productive workers because they're less likely to fall ill or have medical emergencies that may hinder their ability to work effectively or efficiently.
A healthier workforce is also better equipped to handle stressful situations at work without resorting.
There's no doubt that wellness programs help companies save money, but they also provide employers with another way to promote workplace culture and create a nurturing atmosphere.
Employees preferred workplace well-being to material benefits. Well-being comes from one place, and one place only and that is a positive culture.
The sole focus on health and wellness is that it requires little ongoing investment after the initial launch - all it takes is a smart, skilled, responsive team and a little budget to make a huge impact on employees' quality of life.