The 5 Hidden Benefits of Employee Wellbeing
Posted on Mar 15, 2022 at 09:03 PM
Your employees may not tell you that they are unhappy at work, but they could suffer in silence or struggle with severe issues behind the scenes. employee wellbeing refers to physical, mental, and emotional health, a positive attitude, and contentment concerning work.
This is important to you as an employer because employee wellbeing affects your bottom line.
If your employees are not thriving in their jobs, you will suffer financially. You will have high turnover, low productivity, and low morale.
What is Employee Wellbeing?
Employee wellbeing is the term used to describe the work culture's impact on each employee's happiness, satisfaction, and health (including physical, mental, and emotional health), more than that, the social wellness of the company's team and culture.
In the past, employee wellbeing was all about employees' physical health and insurance of the company's employees. Now, employee wellbeing is constantly developing; moreover, it relates to all aspects that impact an employee's wellness to create a good workplace environment and culture.
6 Pillars of Employee Wellbeing:
As with any other business-related process, employee wellbeing also requires specific pillars to become a successful addition to the workplace environment.
Moreover, those 6 pillars will help you find the problems your employees are suffering from, and help you solve them to create a supportive and healthy culture, furthermore, avoid any bad management practices.
And now, let us introduce to you the six pillars program that you must-have in your company strategy to provide a well-created employee wellbeing strategy:
- Job Security.
- Financial Security.
- Mental and Physical Health.
- Support.
- Emotions.
- Work/Life Positive Balance.
5 Benefits of Employee Wellbeing:
Although employee wellbeing is not easy to accomplish, mainly, it does not have fixed basics to apply to all employees. There are still differences in each solution with world-known available options to apply from one company to another and from one employee to another.
However, keep in mind that once you set up your employee wellbeing practice, you will discover many great benefits:
1- Increase Employee Engagement:
A study has shown that 85% of companies that take good care of their employees' wellbeing explore a major difference in employees' interacting and engaging with each other and with their work and tasks. Moreover, employee wellbeing relates the employees better and more effectively to the whole workplace.
On the other hand, although employee wellbeing plays a big role in employee assistance and engagement, there are other aspects to consider when creating the company culture of engagement.
2- Reduce Health Care Cost:
Employee wellbeing stands for employee's physical and mental health in the office and the home, so, when taking care of that effectively, you will have a healthy, stress-free, and happy team that will not use the company health insurance. Thus, you will reduce the health care cost of the organization.
More than that, keep in mind that you can benefit from many simple ways to boost employee wellbeing.
3- Better Employee Productivity:
This is part of your employees' general health on physical, mental, and emotional statuses because your employees will focus better, work more, and achieve the best productivity and success with the lowest error level and absent days from the workplace.
On the other hand, businesses' research showed that you should not ignore employees' digital wellness and give them suitable training courses in London to be ready and enhance overall workforce productivity.
4- Improve Employee Morals and Loyalty:
Your employees will feel related to the workplace with the best morals and loyalty levels with the employee well-being framework. Your happy and healthy group of people will feel appreciated and that this is their own company and work harder to meet your expectations.
More than that, with employee wellbeing, you will reduce the risk of losing good and strong employees to competitors' companies after all the training, expectations, and investment you put in their work.
5- Great Employer Branding:
Having ten years working employee that is happily working and not willing to change the company is a fantastic testimonial for the company, its culture, and the public image in front of the society, clients, potential clients, and even strong talents that you wish to add to your team in the future from the competitive companies.
So, employee wellbeing will help build the brand awareness and exposure you wish for on the employer and the company levels.
Eventually,
With the employee wellbeing strategy, you will be doing the most cost-effective process on the way to many points. You will gain incredible benefits for you and your employees, making employee wellbeing programs a great addition to your company in 2022.
