August 12, 2019
Public and private sector interest in employee wellbeing has grown steadily over the past 20 years. Successful organisations know investing in workplace health programs makes good business sense and produces returns on investment through cost savings and increased productivity. Profit alone should never be the sole driving force behind employee wellbeing, and many businesses choose to concentrate on health and wellbeing in their workplace for key four reasons:
- To be an employer of choice.
- To improve work, health and safety statistics.
- As a component of human resources such as absenteeism, presenteeism, productivity and employee engagement.
- Ethical and social responsibility.
Providing workplace health and wellbeing programs and activities can deliver a range of benefits for employers and employees – as shown in the diagram below. These benefits range far beyond just return on investment in relation to sick leave, staff turnover and less injury, and include highly-sought and valued qualitative measures of employee engagement, workplace morale, business culture, productivity and job satisfaction.
Some people think you must pick only one measurement technique. This approach makes no sense; the best workplace health and wellbeing programs can impact a wide variety of outcomes within an organisation. All data is important, they’re just measuring different kinds of things.
You can calculate your potential business savings with the online Workplace Health Savings Calculator. This easy to use calculator can help measure potential savings associated with the implementation of a successful workplace health program by measuring absenteeism and staff turnover in the workplace.