Why Investing in Employee Health is Good For Your Bottom Line
Long gone are the days where employee health and wellness programs are not as vitally important as salary. Offering health and wellness benefits can give your company a competitive edge and is especially important for attracting and retaining top talent in the workforce. Without integrating wellness, the prevalence of disengagement and burnout among professionals is increasingly becoming more of a problem, and is affecting their quality of work and life.
Investment in Health & Wellness
Companies that don’t invest in health and wellness programs, to provide better balance in the workplace, lose more money and employee engagement. According to a Harvard article, “The Business Benefits of a Healthy Workforce”
“For a company to perform well as an organization, it needs healthy people, and the fewer healthy people you have, the worse your business outcomes.”
A well-integrated approach geared towards mental, emotional and physical health can empower employees. As regular integration of wellness becomes a top priority for employers, this becomes an employee’s main motivator to perform at their best. “Worker health and wellbeing starts to show up as a main driver as why [employees] want to work for the company.”
The addition of wellness (physical and mental) can even reduce absenteeism and boost overall productivity.
Unwell Employees = Unproductive Employees
Healthy and engaged employees are more likely to produce higher quality work and cost less to employ, in the long run. In the Forbes article, “Your Employee Engagement Strategy Needs More Wellness”, a study has shown that,
“An actively disengaged employee costs their organization $3,400 for every $10,000 of salary, or 34%. Additional research has even suggested that as many as 87% of workers are disengaged from their jobs”.
If the majority of workers are feeling disengaged due to lack of wellness, incorporation of a wellness program is a simple solution.
Engaged, healthy workers are often more “involved, committed and enthusiastic.” While on the other hand, “disengaged employees are usually mentally checked-out, unmotivated and just going through the motions to get a paycheck.”