Is employee wellbeing a waste of time?
Article by Michael Roskams, Workplace & Wellbeing Analyst
Over the past few years, we’ve seen dozens of column inches devoted to health and wellbeing, the latest workplace obsession. Conversations on the topic have dominated seminars, podcasts and the press in almost every sector.
But for all the chatter, one thing remains clear: looking after people’s wellbeing makes good business sense. Research has consistently shown the quantitative cost benefits of a healthy workforce. A report from PwC calculates that UK workers take an average of 9.1 sick days annually, costing employers almost £29 billion per year.
Further, Deloitte estimates that for every £1 spent on workforce mental health initiatives, organisations see an average return on investment of £4.20, with the most effective initiatives saving up to £9 per £1 spent. Eager to reap these attractive financial benefits, many organisations have fallen in line, initiating their own programmes to keep workers happy and healthy.
What’s not working with wellbeing
The high price of doing nothing
Annual cost of poor mental health among UK workers
Making wellbeing work better
Nevertheless, even the most carefully crafted programme can be dismantled by an organisational culture at odds with the ethos of wellbeing. Research conducted by Virgin Pulse showed that most CEOs and senior executives are coming to the realisation that wellbeing is important to organisational culture, not just a cost-saver – but these aren’t necessarily the people who need to be convinced.
Create a wellbeing programme
Improve working environments
Identify success benchmarks
At its core, wellbeing is simply about making sure people are happy and healthy enough to do their best work. This should be the guiding principle for any company, whether those embarking on the wellbeing journey for the first time, or those taking another look at the support they give employees.
Find out more
If you’re looking to create a happier, healthier workforce, Mitie’s team of experts can help. We’ll create a customised wellbeing strategy that will improve working conditions and ensure you get the best from your people, every day.