Why is Employee Wellbeing so Important?

Why is Employee Wellbeing so Important?
Contents

What is Employee Wellbeing at the Workplace?

Employee well-being has been a ‘buzz’ word in HR for a while. But what is behind this ‘buzz’ word and how important is it? 

Around the world, mental health has been more exposed, and therefore we are more aware of the effects and symptoms. As we spend a large amount of our time at work, the focus is on employers as to how they are promoting and enhancing the well-being of their employees in their workplace.

Investing in employee wellbeing, not only benefits employees. There are clear advantages for the company. These included, higher performance, increased employee engagement, and reduced sickness absence.

The Effects of Bad Employee Wellbeing

Not taking care of the mental health of your employees can have an undeniable negative impact on all parts of your business. According to Forbes, depression and anxiety cost the global economy an estimated $1 trillion each year in lost productivity. In the US, depression is thought to account for a whooping $400 million lost working days annually. That is a lot of lost work days that could be partially prevented by employers focusing more on implementing a wellbeing strategy. Whilst in the UK an analysis by Deloitte found that poor mental health costs UK employers up to £45 billion each year. Mental health difficulties are also the biggest cause of sickness absence in the UK country (Health and Sickness Executive, 2018).

 

There is a huge loss both from employees and employers when employee’s well-being is not being prioritized, and these figures show this.

 

Employee wellbeing

Employee wellbeing

The Benefits of Good Employee Well-being

There are many benefits for your company adopting a proactive employee wellbeing approach.

Less Sick Leave and Absenteeism 

A well-rounded approach to employee wellbeing means employees are less likely to take sick leave and will return from leave more sustainably.

Higher Performance

Employees who are not constantly on sick leave means they are present more to achieve goals. Aligning employee and company goals is mutually beneficial. Working together positively and perform to their optimal level.

Increased Staff Retention

A company that champions a positive view of their employees and well-being will, in turn, benefit from employee loyalty. More and more employees want to feel part of a company’s success and want to develop with a company.

Boost Employer Brand

A positive workforce will reflect in your employer brand. 

Where do you start with a Good Approach?

Remote Absence ManagementPut staff well-being as a priority in all areas of business

Remote Absence ManagementCreate an ethos of your employees being able to speak to you and be open. Let them feel they can talk openly without fear of stigma

Remote Absence ManagementCommunication is a key factor in mental health, offer all communication methods for your employees, ‘open door’, FaceTime, or chat with whatever they feel most comfortable with.

Remote Absence ManagementFlexible working is a major bonus to employees, it also gives them more of a chance at a better work/life balance.

Remote Absence ManagementMake sure employees know what is expected of them at work, and what is involved in their job role.

Remote Absence ManagementAlways check in and ensure employees are comfortable with their workload.

Remote Absence ManagementEmployee development is so important to make sure your company is focusing on this, to help your employees feel like they are growing and contributing.

Remote Absence ManagementEnsure your company has a diverse and inclusive workforce.

Remote Absence ManagementHave policies in place to protect your employees from bullying and harassment.

Employee Well-being and the Pandemic

The pandemic has had an impact on people’s lives, both professionally and personally. Some may have been affected by the illness directly and need to time to get better (such effects such as long COVID-19). Loved ones may have been lost. Employees may have been furloughed and feel nervous about coming back after a long period absent. There are also those who have worked throughout the pandemic and might be close to burnout.

Employee – well-being is at a critical point, implementing some small processes, to begin with, can make a huge difference to keeping your employees happy. In the long run, you will find these processes will be beneficial to both the employee and your company. 

 

Employee wellbeing

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