Wellbeing is not merely a buzzword to be glossed over; it’s a foundational aspect of contemporary workplace culture that has far-reaching implications. Employers need to prioritise the wellbeing of their employees, not only because it’s ethically right, but because it affects multiple facets of the organisation and its outcomes.
Here’s a breakdown of its impact on various areas:
Health
The physical and mental health of employees directly affects their attendance, efficiency, and overall productivity. Poor health can lead to frequent sick leave, diminished concentration, and decreased work quality.
Healthier employees are often more energetic, alert, and efficient. They bring positive vibes to the workplace, which fosters a motivated work environment. Moreover, healthcare costs for healthier employees are generally lower, providing financial incentives for the company.
Burnout
Constant stress and overwork can lead to burnout, making employees feel exhausted, cynical, and detached from their jobs. Burnt-out employees can have a cascading negative effect on team morale. Their lowered productivity can also affect the organisation’s bottom line. Additionally, recruitment and training of new employees, if burnout leads to turnover, can be costly.
Good work
Wellbeing is intrinsically linked to the quality of work produced by employees. As such, employees who feel good—both mentally and physically—are more likely to produce high-quality work consistently. Their cognitive functions are sharper, leading to improved problem-solving, creativity, and attention to detail.
Values
Companies that prioritise wellbeing often establish themselves as value-driven and principled entities. Employees, especially younger generations like millennials and Gen-Z, prefer working for organisations that align with their personal values. Demonstrating a commitment to wellbeing can enhance the employer brand and attract top talent.
Personal growth
A focus on wellbeing often means providing opportunities for personal development, whether through training, workshops, or other resources. Employees who feel that they are growing and evolving in their roles are more likely to stay loyal to the company. This not only reduces turnover but also ensures that the organisation has a team of skilled and evolving professionals.
Financial wellbeing
Financial stress can be a significant source of anxiety for many employees. By offering competitive salaries, benefits, financial planning resources, and other related perks, companies can alleviate some of this stress. Employees who are secure in their financial wellbeing are less likely to seek opportunities elsewhere and are more focused and engaged in their current roles.
Employee wellbeing is not an isolated concept: it’s interwoven into the fabric of an organisation’s success and growth. By investing in the holistic wellbeing of their workforce, employers can reap rewards in terms of productivity, loyalty, reputation and financial gains.