Embracing Wellness Initiatives: An Employee Productivity Powerhouse
What is the significance of Employee Wellness Initiatives?
The corporate sphere has been witness to an increasingly popular trend: Employee Wellness Initiatives. The philosophy behind this approach rests upon promoting employee health, primarily in the physical and mental fields. Let’s delve deeper into its benefits and understand what it has to offer.
Employee wellness initiatives are no longer optional add-ons, but a necessity for companies big and small. In 2016, Fitbit’s research found that the cost of poor health among large employers was over $160 billion. Companies, therefore, started investing in various health and wellness programs leading to a robust relationship between firms’ wellness initiatives and employee’s health outcomes.
How can Wellness Initiatives boost Employee Performance?
A healthy employee translates to a productive workforce, and subsequently, a successful company. But how exactly does this happen?
Many research studies have showcased wellness programs leading to increased productivity. For instance, the 2015 study by Health Enhancement Research Organization (HERO) revealed that employees who frequently participated in wellness programs were more productive than those who didn’t. Moreover, an additional study by Brigham Young University added that employees with unhealthy diets were 66% more likely to experience a loss of productivity.
Do Wellness Initiatives enhance Employee Satisfaction?
Employee satisfaction is another area positively affected by wellness initiatives. A survey by Virgin HealthMiles Inc. reports a whopping 78% of employees believe that wellness programs had a positive impact on work culture.
According to a case study by Johnson and Johnson, over the past decade, the company’s leaders estimated a return of $2.71 for every dollar spent on wellness programs, predominantly through medical costs and absenteeism. Their wellness initiatives ultimately led to happier, healthier, and more satisfied employees.
Can Wellness Programs influence Employee Retention?
Unquestionably, wellness initiatives directly influence employee retention rates. Companies that employ such initiatives illustrate their commitment to employee health and wellbeing, fostering a nurturing work environment.
As per a 2017 survey by Corporate Wellness Magazine, 87% of employees considered health and wellness offerings when choosing an employer. The idea of the employer caring for the employee’s health was found to create a stronger bond, reducing employee turnover considerably.
Powering Performance: The Significance of Wellness Initiatives
In conclusion, embracing employee wellness initiatives can demonstrably boost performance and productivity. They enhance job satisfaction, loyalty, and morale, driving both personal and business success. Faced with the compelling facts, it’s time for companies to reassess the importance of health and wellness. By investing in their employees’ wellbeing, companies are, in essence, investing in their own future success.