What’s the value of having a wellbeing strategy?
There is more and more commercial evidence to suggest that having a wellbeing strategy not only helps to create a happy and healthy workforce, but also creates a healthier balance sheet.
On a recent webinar hosted by HR Zone, a Wellbeing representative from Oracle spoke about how the company had so far saved over £1 million in sickness absence by introducing resilience training in 2014 – impressive!
Naturally there are many more tangible benefits to having a proactive wellbeing strategy some of which include…
- 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
All of which add up to a healthier bottom line performance.
There are also less tangible (and we would suggest more valuable) benefits of having a wellbeing strategy. Working with organisations to support their wellbeing strategy, we view 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
- Consistent 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
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
- Are kinder towards one another
- Tell their friends “I love my job!’
- People are capable of going the extra mile without damaging their health
What’s not to love about that?
Not sure where to start in creating a wellbeing strategy that is right for your organisation? Call us today and let us carry out a complementary wellbeing analysis for you.