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.

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