5 Reasons to Invest in Employee Wellness
As more and more companies realize that employee wellness programs are a necessary part of the workplace, you’ll find yourself hearing about many different ways to start one of your own at your company. You may still be wondering what purpose these programs serve so here are 5 proven reasons that you should invest in some form of employee wellness for your workforce.
Boost Morale
Employee wellness programs are the easiest and most efficient way to boost staff morale. It should go without saying that employees who feel cared for and valued will perform miles ahead of their neglected counterparts. The cheapest way to boost morale is simply to ask for feedback from your employees at regular intervals. But it is not enough to just ask for it, you need to implement processes and procedures based on it. For example, if your employees are requesting more flexible schedules due to the current pandemic then you should look at ways to implement that within your company, even if it is only temporarily.
Save Money
Most company owners and managers are well aware that having a high staff turnover negatively affects their organizations and ends up costing them a lot of money in the process. Employee wellness has been proven, time and time again, to not only reduce the number of genuine sick days that your employees take, but it also reduces the chances of your employees faking illness just to stay at home because they feel overworked and underpaid. This type of absenteeism should be dealt with by a wage dispute lawyer to get the best results.
Increase Employee Loyalty
Employee wellness programs, by their very nature, focus on the wellness of your employees – from physical health to mental health and everything in between. This positive demonstration of core company values will help increase your overall employee retention rates. Happier employees are more likely to stay with their current employer instead of jumping ship at the first available opportunity. Your company, especially new ones, needs to be focused on retaining its most valuable employees or else it will be left with the poorer performing ones who demonstrate low engagement rates and even lower work ethic.
Attract The Best
By implementing an excellent employee wellness program in your company you will be guaranteed to attract the best talent from the job market. This will not only improve your current productivity levels but will also allow you to be pickier when it comes to offering suitable candidates’ positions within your esteemed organization. This makes the hiring process that much more effective because the talent will come to you, instead of you having to spend time and money on finding it.
Build A Workplace Culture
Employees who are well taken care of are far more likely to perform their duties more effectively and more efficiently than when they felt neglected. By investing in team-building exercises, healthcare, and offering benefits to your staff, your company will reap the rewards in no time. The stronger your company culture is, the more chance your company will have to succeed – regardless of the competition.
