90% of employees said that their work-life is getting worse despite 80% of executives saying wellbeing was their top priority, in a 2020 Human Capital Trends Report by Deloitte.

Employee wellbeing has become an increasingly important issue for companies of all sizes in recent years.

In today’s fast-paced, demanding work environment, it’s essential for employers to prioritise the health and wellbeing of their employees to ensure that they are able to perform at their best.

One way to support employee wellbeing is through the implementation of an employee wellbeing program. Such a program is designed to support the physical, mental, and emotional health of employees, as well as create a positive work culture and improve overall employee engagement.

Here are some of the benefits of implementing an employee wellbeing program in your company:

1. Increased Productivity: When employees are healthy, happy, and engaged, they are more productive. Employee wellbeing programs can help reduce stress, improve mental health, and increase job satisfaction, all of which contribute to higher productivity levels.

2. Reduced Absenteeism and Turnover: Employee wellbeing programs can help reduce absenteeism and turnover rates by promoting a healthy work-life balance and creating a supportive work environment. When employees feel supported and valued, they are more likely to stay with the company long-term.

3. Improved Employee Morale: Employee wellbeing programs can improve employee morale by demonstrating that the company cares about the health and wellbeing of its employees. This can boost employee engagement and foster a positive work culture.

4. Enhanced Employer Brand: Companies that prioritise employee wellbeing are viewed as attractive employers, which can help attract and retain top talent. This can enhance the company’s reputation and lead to improved business outcomes.

5. Reduced Healthcare Costs: Employee wellbeing programs can help reduce the incidents of illness and accidents in the workplace by promoting healthy lifestyles and providing access to preventive care. This can result in lower healthcare costs for the employees and workers compensation costs for the company.

6. Increased Employee Engagement: Employee wellbeing programs can help increase employee engagement by providing opportunities for personal and professional growth, as well as creating a sense of community and support among employees.

7. Improved Work-Life Balance: Employee wellbeing programs can help improve work-life balance by promoting flexible work arrangements, providing access to resources and support services, and encouraging employees to take time off to recharge.

In summary, implementing an employee wellbeing program can have numerous benefits for both employees and the company as a whole. By prioritising the health and wellbeing of employees, companies can improve productivity, reduce absenteeism and turnover, enhance morale and employer brand, reduce healthcare and workers compensation costs, increase employee engagement, and improve work-life balance. 

If you haven’t already done so, now is the time to consider implementing an employee wellbeing program in your company.

At Myall Wellbeing, we can assist you in creating and delivering comprehensive, tailored and holistic corporate wellbeing programs that help build resilience, better manage work-related stress and improve your employees’ overall health and wellbeing. 

Please reach out to us at corporate@myallwellbeing.com to discuss the details of our cooperation.

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References:

The workforce wellbeing imperative

https://www2.deloitte.com/us/en/insights/topics/talent/employee-wellbeing.html

Creating A Mentally Healthy Workplace-ROI Model – PwC May 14

https://www.pwc.com.au/publications/pdf/beyondblue-workplace-roi-may14.pdf 

Adding Years to life and life to years – McKinsey Health Institute Mar 2022

https://www.mckinsey.com/mhi/our-insights/adding-years-to-life-and-life-to-years

Building the case for wellness, PWC Feb 2008

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_

data/file/209547/hwwb-dwp-wellness-report-public.pdf

The positive Return on Investment for Workplace Health & Wellbeing Programs:

Australian evidence & real Case Studies – Kash Thompson 2015

https://workplaces.wayahead.org.au/wp-

content/uploads/Kash_Thomson_ROI_for_Workplace_Health_blurb_and_links.pdf

Healthy Workplace Toolkit p20 Northern Territory Government 2017

https://hdl.handle.net/10137/2725