How corporate wellness improves your bottom line
How do workplace health programs improve employee health and bottom line
Employers are now seeing that employee health is important beyond health care costs and ticking HR boxes, it has profound impacts on productivity, retention,
workplace engagement and morale. They not only improve dramatically improve the health of employees but did you know they can also greatly enhance your bottom line? It’s true! Corporate wellness programs provide several benefits to businesses that directly impact employees and provide a high ROI.
A healthy working environment is not only a means to achieve business objectives, it should be a goal in itself, if companies are to thrive.
So like any area of business, a workplace health prograns should have goals. Whilst all companies will have the own specific objectives but some key examples of what a wellness programme goal should aim for are to:
- Increase productivity and efficiency of work
- Improve employee morale and engagement & develop a more positive company culture
- Reduce costs on insurance and employee healthcare packages
When done right, a workplace wellness program can absolutely deliver on all those accounts. Read on to find out how!
Increase productivity and efficiency of work
Better Health = Better Productivity. Productivity is one of the keys to boosting a business’ bottom line. When employees are healthy, they’re not only able to work more; they’re able to work well. Healthy employees are productive employees, period. When they spend less time sick or have reduced focus due to symptoms, they’re able to channel their focus and energy into productive work tasks.
Improve employee morale and engagement and develop a more positive company culture
Low employee morale is usually a sign of stress, low engagement, lack of physical exercise and health issues. As an employer, you should always be on the lookout for these signs and build a preventive strategy.
At the same time, wellbeing is an indirect driver of employee morale and productivity. That’s why wellbeing and health programs should be a part of every HR strategy. Employee morale should be tracked and monitored to ensure the quality of the work experience.
Healthy employees are able to work more. But more notably, employees who participate in an effective wellness program are more likely to feel their companies care for them on a personal and individual level. This helps build a sense of community and value which increases attendance and helps foster employee’s loyalty to their companies. As such, they’re more likely to have good attendance, increased productivity, and higher motivation in their tasks.
Reduce costs on insurance and employee healthcare packages
With the implementation of a wellness program, both employees and companies see health benefits in the short term. While the savings and overall impact is small at this point, the return on investment begins to quickly emerge. As employee health improves, company healthcare costs begin to drop as employees participate in wellness programs at work and less time at the doctor. This new consistent behavior will the first steps to seeing real cost savings. Workplace health programs also help imriove workaplce mental health in the workplace, which is increasingly becoming more and more of a problem.
Human capital is an essential competitive advantage in today’s economy.
When you give people the tools and the opportunity to be physically and mentally healthier, it’s not just that they’re more likely to be at work, those employees are also more likely to have a higher morale, be happier and be more productive.
If you would like help from Fit for Living with any are of your corporate wellness programme please get in touch to arrange a free consultation. We offer unique on and off-site health and wellbeing events from retreats in the mountains to on-site, workshops and nutrition and fitness coaching.