Employee productivity is primarily based on their overall quality of life.
If employee burnout rate at your company is high, you are most likely to have employees who report high levels of stress, resulting in a high rate of absenteeism due to health-related conditions.
It goes without saying, that if you invest in your employees, and care for them, you are bound to reap the benefits.
Not only does it help employers cut down on the cost incurred due to sick leaves, but it also helps improve employee engagement.
Employees feel valued and are motivated to owe their loyalty to the company.
Some insights into the workplace by the Health Advocate reveal that 83% of all American employees are stressed due to work-related reasons. Furthermore, stress has been identified as the single most prominent factor related to lifestyle that costs U.S. businesses around $300 billion on an annual basis.
If you intend to boost the ROI for your organization, a strategically planned and integrated wellness program is what you need to implement.
What is an Employee Wellness Program?
When it comes to looking after employee health, a holistic plan needs to be set out which includes all facets of healthcare. This encompasses emotional, mental, psychological and physical well-being.
A surefire employee wellness program ensures that it includes a comprehensive plan that caters to all aspects of employee wellness. Furthermore, it should be customized to the type of employees and their particular needs to be most effective.
Viability of Wellness Programs for Small Businesses
Wellness programs need not be very elaborate and consume a lot of the employer’s money to add value.
Small companies can capitalize on wellness programs to drive out productivity with minimal investments. Adopting the right attitude and collaborating with all the concerned members is the first step towards a successful wellness program.
Some Benefits of Wellness Programs
Wellness programs, when designed and implemented the right way, impart great value on the organization as a whole.
According to The Institute for Healthcare Consumerism, companies that implement a well-formulated wellness program experience a 26% reduction in health costs, 28% reduction in the number of sick days and a 30% decrease in workers’ disability management claims and compensation.
Employee Benefits
There are various health risks that an individual may be exposed to, whether it is an unbalanced diet, inactive lifestyle, lack of exercise, toxic habits like excessive drinking or smoking or irregular sleep patterns due to stress or workload.
Nearly 70% of employees would be more than willing to take part in a wellness program if they were given a choice by their companies, as per the Institute for Healthcare Consumerism.
Small business need not be intimidated by the thought of implementing a wellness program in their organization. The prime focus of a wellness program is to address the most pressing health issues that your employees are facing by offering certain health care incentives.
This will not only foster a healthy work environment but also boost employee health and productivity and eventually the bottom-line of the company.
As a business consultant for small businesses, I offer experienced advice on my website ManalHaddad.com, to help businesses better equip themselves with ways to bring continuous improvement in their management and leadership skills.
