Organizations that value worker wellbeing highly take steps to look after their employee’s physical and mental health. This can include generous health care packages, as well as sympathetic mental wellbeing measures. 

This has arguably never been more important than it is in the modern-day, where workers are seeing their productivity hit due to Zoom fatigue and working from home. Little touches like scheduling check-up chats for those working from home are the new tools that HR uses to manage their employees. HR departments are going the extra mile because your employees’ wellbeing matters just as much as their skills or experience. It can have a major impact on your organization’s overall running, your productivity levels, and your bottom line. 

Employee wellbeing can impact your business in a variety of ways:

Lower Turnover 

Research has found that recruitment costs on average anywhere between 15 to 25% of an employee’s annual salary, though this can be even higher for senior positions on the higher end of the pay scale. It has been found that businesses that show they care about employee’s wellbeing and demonstrate that by offering wellbeing programs, typically record having an 11% lower turnover rate. Due to the expense of recruitment, this can have a big effect on the bottom line. It is also likely to influence the company’s working culture, which can directly impact the type of talent you will be able to recruit in the future. If your company gets a bad reputation for wellbeing, you will not likely attract the top talent. 

Higher Employee Engagement 

Employee engagement is a term that is used to describe the relationship that an employee has with the organization they are working for, both qualitatively and quantitatively. An engaged employee is fully engaged and enthusiastic about their work and will take positive actions to further the organization’s reputation and interests. An engaged employee will tend to have a positive attitude towards the organization and its values, but an engaged employee can be motivated by factors other than company affiliation. However, a disengaged employee almost always feels the opposite and will do either the bare minimum at work or actively try to harm the organization. 

According to Inpulse.com, many factors contribute to employee engagement, including employee wellbeing. Therefore, when you spend time and money on employee wellbeing, you are increasing the chance that your employees will be engaged and get more value from them. Employee engagement has a big impact on your business’s success as it means the difference between employees going above and beyond at work or doing little to nothing to further the business’s interests. 

Higher Productivity Rates 

Those employees who are both happier and healthier almost always outperform those in companies that do not care about health and wellbeing. That means that investing in employee health plans yields a very real reward. Many CEOs, those like Bill Gates and Mark Zuckerberg, openly advocate for organizations to promote health and wellbeing due to direct links to it increasing productive behavior. It is a smart move all-around.