The Cost of NOT Supporting Employees Wellbeing

The CIPD defines employee wellbeing as: ‘creating an environment to promote a state of contentment which allows an employee to flourish and achieve their full potential, for the benefit of themselves and their organisation.’

On average, mental illness costs UK businesses over £3billion annually, and approximately 20% of working age men and women are affected by depression or anxiety. The cost of not looking after employees can greatly effect both small and large businesses, so what can be done to counteract this?

Focus on Improving Wellbeing…

Working towards better work place wellbeing doesn’t have to be a hugely costly operation. With sickness and other issues surrounding a lack a workplace wellbeing costing many businesses thousands a year, it is possible to cut this loss with just a little investment.

Increasing workplace wellbeing won’t just lower costs to the business, it can actually increase profit too. When employees feel good in the workplace, feel well rested, aren’t over worked or stressed, they are more productive, creating better success for the business.

The workplace is one of the focal points for increasing wellbeing, as we spend a third of our day at work. Employees should be encouraged to be healthy in both mind and body at work, not just for their personal benefits, but for the benefit of the business also.

Issues with wellbeing are increasing. According to the NHS obesity rates have quadrupled over the last 25 years. NICS also reported that 1 in 5 people suffer from an illness, disability, physical or mental problem that isn’t supported by their workplace and is actually made worse by their job.

In working to increase employee wellbeing you can:

  • Increase productivity

  • Improve sickness rates

  • Retain staff

  • Reduce workplace injury

  • Improve moral of the workplace

  • Create a positive corporate image

How to Improve Workplace Wellbeing…

There are a variety of ways in which you can improve employee wellbeing without needing a huge budget or a whole team to implement the changes.

Encouraging physical exercise can have a positive impact on both physical and mental wellbeing. Just half an hour of exercise a day can increase energy levels, improve mood, focus and confidence. There are a variety of ways to encourage your employees to take more exercise, from offering a gym membership benefit or arranging a sports day, to setting up a running club and offering yoga workshops during working hours.

Diet is key too, you can offer a variety of incentives to encourage staff to eat well, or even provide a selection of fresh fruit daily.

To find out more about improving workplace wellbeing, read our full post on how to create a work wellness programme here.

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