What comes to mind when you think of a corporate wellness program? Perhaps it’s gym memberships, healthy snacks in the break room, yoga retreats, or mental health days. While these offerings are certainly part of a corporate wellness solution, they merely scratch the surface of the benefits these programs can provide.
Investing in corporate wellness is a strategic move that benefits not only your employees but also your organization as a whole. Here are seven compelling reasons your organization should focus on corporate wellness this year and beyond.
1. Increased Productivity
Health (physical and mental) and productivity are closely linked.
According to an article published in the International Journal of Environmental Research and Public Health, “Mentally healthy employees with positive affective states can improve cognitive flexibility and find more solutions to problems in work tasks. Thus, employees with good mental health perform better on work tasks than those with poor mental health. Moreover, positive affective states are associated with individuals building good interpersonal relationships, which enable them to receive help from their leaders and colleagues at work.”
2. Reduced Turnover
Studies have found that employees who perceive their employer’s benefits as positively impacting their lives are more likely to express loyalty to the company. This loyalty can lead to reduced turnover, subsequently lowering talent-related expenses. According to Gallup, a 100-person organization might incur turnover and replacement costs of up to $2.6 million annually, so investing in strategies to reduce these costs is highly beneficial.
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Well-being plays a significant role in shaping company culture, with 93% of employees considering wellness as important as their salary. Implementing a corporate wellness program allows you to prioritize employee well-being and reap the numerous benefits that come with it.
4. Cost Savings
Employee wellness programs reduce costs in three ways: lower turnover, higher productivity, and fewer sick days.
It’s estimated that the cost of mental health-related absenteeism could be nearly $50 billion in the United States, according to Gallup. Meanwhile, Forbes says that unplanned absenteeism can cost U.S. employers more than $600 billion annually. As such, reducing absenteeism through enhancing wellness can result in significant cost savings.
5. Employee Satisfaction and Retention
It’s clear that employees desire well-being initiatives and want their employers to genuinely care about their health. However, Gallup reports that only about a quarter of employees feel their employer strongly values their well-being. By prioritizing employee wellness, your organization can distinguish itself, enhancing satisfaction and retention.
6. Adaptation to Workforce Demands
If attracting younger talent is challenging for your organization, it might be due to a lack of mental health support. According to Deloitte, Gen Z talent specifically wants mental health support within the workplace, but the majority of these workers say they are not receiving it. The study noted that “less than half of Gen Zers say their boss helps them maintain a healthy workload, and 28% say they struggle with their mental health because of their boss.”
7. Long-term Benefits
Lastly, as corporate wellness programs enhance employee health and well-being, enrich organizational culture, and boost the company’s bottom line, these short-term gains evolve into long-term benefits, fostering sustained business success.
The Bottom Line
Corporate wellness programs deliver clear results: healthier employees, stronger company culture, and better financial performance. Your investment in employee wellness pays off in multiple ways.
Interested in learning more? Whether you require one-time assistance or ongoing support from a coach, we offer solutions tailored to meet diverse corporate wellness needs. Sign up for a complimentary consultation to get started.
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