There is greater commercial evidence to suggest that having a wellbeing strategy not only helps to create a happy and healthy workforce but also makes a significant difference to the bottom line.
So much so that on a recent webinar hosted by HR Zone, a Wellbeing representative from Oracle advised that the company had so far saved over £1 million in sickness absence by introducing resilience training in 2014.
There are naturally more tangible benefits to having a proactive wellbeing strategy including;
- Reduced attrition rates
- Reduced cost of absence
- Lower number of days absence across the business
- Lesser number of employees on long term sick leave
- Reduction in the number of employee relations cases
- Greater net profit
Yet what about the less tangible (and we would suggest more valuable) benefits of having a wellbeing strategy. From our experience of working with organisations to support their wellbeing strategy, we see these as;
- Increased engagement levels across the workplace
- Greater flexibility in the workplace through the use of flexible working practices and family friendly policies
- Improved customer and client feedback and scores
- Reduced presenteeism
- High performing people and teams
- Greater harmony and cohesive working amongst people
- Winning awards such as Britain’s Healthy Company and the Times Top 100 companies to work for
We would even go one step further to say the value of having a wellbeing strategy ensures that;
- More employee’s go home and say ‘today was a great day!’ to their partners
- Smile at each other
- Tell their friends “I love my job!’
- People are capable of going the extra mile without damaging their health
With a guaranteed return on investment, creating and implementing a wellbeing strategy could be the most commercial move yet for your business.
and find out how we can support you with your wellbeing strategy.