If companies want to hire and retain the best (and healthiest) talent, then they need to invest in the overall health and wellbeing of their employees
As many of us know, a company’s success is largely dependent on its employees. If morale is low, then productivity declines. If illness runs rampant, then attendance is sparse. If industry competition offers better benefits and “perks,” then turnover will be high.
Companies need to do what they can to create and foster a healthy work environment for their employees to have a productive, long-term employee base. The most efficient (and fun) way to do this is by investing in a workforce wellness plan.
The right wellness program, in addition to improving employee health and happiness, can also provide a wide range of benefits for the sponsoring company. It can improve the employer’s brand, save companies money, attract the right talent, and build loyalty among valued employees.
Corporate wellness programs can cover a broad range of health and lifestyle issues, but they tend to:
- Create a health-conscious culture
- Address health topics such as smoking, exercise, nutrition education, weight loss, mindfulness, and mental health
- Foster camaraderie between coworkers
Here are a few benefits of incorporating a company wellness program:
1. Increased company performance
Company wellness programs, by default, do a great job at engaging employees, and there seems to be a direct correlation between employee health and engagement. As a matter of fact, according to a 2016 Gallup study, companies with higher employee engagement are statistically more successful, have less turnover and absenteeism, and experience lower numbers of safety mishaps.
2. Wellness plans are recruiting tools
Evidence suggests that over half of all employees feel that employers should do their best to improve the health of those that work for them. Because of this, companies that have adopted wellness plans can and should use them as recruitment tools to gain an advantage over other companies and attract potential employees.
3. Measurable ROI
According to an in-depth review performed by the Community Preventative Services Task Force, companies that invest in wellness plans save more on medical costs and productivity losses than they do on the wellness program themselves, saving them measurable amounts of money and resources.
4. Employee connection
Wellness programs can unite employees in ways separate from their day-to-day jobs, helping to ignite connection and foster camaraderie. Employee connection is a substantial indicator of overall happiness in the workplace. People tend to really enjoy the social aspect of these programs.
5. Increased productivity
When employees leverage wellness programs to positively impact their lifestyle, their productivity levels have been proven to go up. This not only increases employee output, but it also saves companies hundreds of dollars in recouped productivity per employee.
6. Improved company culture
Successful wellness plans have a positive impact on company culture. Employees that feel valued by and connected to their company tend to enjoy their work more. This feeling of satisfaction, in turn, tends to elevate company culture.
7. Reduced stress
It’s no secret that the majority of workers in all industries experience high levels of work-related stress. This isn’t just unhealthy for employees, but also for companies in general. It leads to more sick days, increased mistakes, and lower productivity overall. Wellness programs that focus on mindfulness, however, have been known to significantly lower stress levels, improve anxiety, and even lower depression. Programs geared toward reducing workplace stress, like meditation or even yoga, are very impactful and relatively easy to implement.
8. They’re fun!
Let’s be real, sometimes work can be monotonous. When employees are bored, motivation decreases and procrastination increases. Wellness initiatives can provide breaks in the day and expose employees to opportunities they may have otherwise turned down. While sometimes nerve-racking, trying new things is fun, and when it’s in the name of health and fitness, it’s even better.
In short, if companies want to hire and retain the best (and healthiest) talent, it’s important to cultivate an environment where people want to be. Emphasis on health and wellness creates a connection between employees, boosts morale, and increases productivity levels. Not only that, but wellness programs are becoming less of an added bonus, and more mainstream and expected. If you want to remain desirable and attract the best people, then invest in their health. It’s the gift that keeps on giving.
At LiveWell1440, a workplace wellness consulting company, it is our mission to motivate and inspire corporate America to change and implement healthy lifestyle changes in a significant way. We strive to create a healthier, more productive workforce through education, engagement, and accountability.