Why Wellness in the Workplace: An average human spends about 1/3 of their lifetime at work.
For some unknown reasons, most people end up in stressful jobs even in careers they are so passionate about – in between deadlines and meetings, we find ourselves anxious and stressed as we attempt to create a balance between our personal lives and career-related assignments. For this reason, workplace wellness is starting to become a critical area of interest for employers. But why does it matter this much? Here is how employees and businesses can benefit considerably from workplace wellness:
For a business to meet its goals and thrive, it needs the effort of thriving employees. That’s why it’s not surprising that happy and thriving employees seldom leave their old jobs to work elsewhere.
Employee turnover is one of the most impactful aspects of an organization’s human resources. This is partly because turnover often brings an array of negative effects on the business. For instance, quitting employees leave voids that are difficult to fill with remaining employees. This could mean a delay in some core operations of the business resulting in clients being left waiting.
Another problem that comes with turnovers is the high cost of hiring a new employee. If the business lets go of a talented or highly skilled employee, it would be costly to replace them with someone of similar qualifications. The time taken to replace the employee may be longer, and the company might need to train them.
A work culture that fosters employee engagement can cut the rate of turnovers which is good for the success of the business.
More hard work that is productive
As a business, ensuring employee wellness and health brings more benefits than simply keeping them happily working for the organization. It has been proved that healthy and happy employees tend to be more productive than their stressed and unhealthy counterparts elsewhere. As such, the organization has to ensure the wellness of their employees, for it’s the best way to boost the productivity of the workforce and increase its own profitability.
Low insurance costs
If a business is responsible for the insurance costs of its employees, it would be in its interest to be mindful of the wellness of the employees. As such, a company that fosters wellness and good health among its employees is less likely to be saddled by high insurance costs because few employees will turn up for treatment. The opposite is true; stressed employees are prone to develop other diseases which could end up taking a toll on the company’s insurance expenditure.
Workplace wellness is a pricey asset for any business. Happy and healthy employees will be more than glad to keep working for their current employer. This cuts the rate of employee turnover which in turn removes the cost of hiring new skilled replacements. When wellness is fostered at the workplace, employees tend to be more productive. This is good for the business’s profitability. Also, the cost incurred by the company for their employees’ healthcare declines when workplace mindfulness at the workplace is encouraged.