Wellbeing targets emotional, physical, and economic health. Wellbeing is often influenced by a number of factors including relationships with colleagues, the resources available to them, and the decisions they make. In addition, workplace safety, pay, and even work hours can have a notable impact on employee wellbeing.
Wellbeing varies from one person to the next, but it should allow for a certain level of productivity. While there are external factors that can impact performance, employers need to take responsibility for what they can do to improve their wellbeing at work.
With 76% of employees experiencing moderate to high levels of stress, an increase of 13% from 2022, the need for employers to increase wellbeing efforts is critical.
The wellbeing of employees is a fundamental building block of any organisation. Even if you operate a smaller company in a specialised field, you will always find that there are several ways that you can help improve the quality of life of your employees. Organisations that focus on wellbeing are not only improving employees’ lives today but can even be saving lives in the future.
Here’s why employee wellbeing is important for organisations
Research shows that 1 in 5 employees experience productivity challenges as a result of poor mental health. Wellbeing allows employees to boost their performance and productivity. Employees often make better decisions and engage in healthier behaviours when their physical and mental wellbeing needs are being met.
Today, wellbeing is a key factor for new employees looking to step into the corporate world or those who are looking for better opportunities. In fact, 86% of employees are willing to leave their job if it doesn’t support their wellbeing. This can help build your reputation as an employer that gives precedence to wellbeing at work.
The lack of wellbeing support at workplaces can have negative effects on how teams work together and the overall morale of the employees. With wellbeing initiatives giving employees the support they need, they can build their confidence and feel that their employers are making their wellbeing a priority.
Absenteeism costs billions of pounds in the UK. When employees’ wellbeing needs are overlooked, it can impact their physical and mental health, leading to a hike in absenteeism. Organisations that provide adequate support to every employee can operate with sustainable business practices with better presenteeism.
There are several research studies and surveys that shed light on the impact wellbeing has on employees and the workplace. Here are a few to give you an idea about the importance of employee wellbeing.
• 59% of healthy employees are more likely to be engaged at their place of work • 35% of employees believe that workplace stress has a negative impact on them • 1 in 5 employees experiences lower productivity as a result of poor mental health
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