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Keeping your employees happy and healthy is vital to the success of your business, and one of the best ways to maintain a healthy cohort of employees is through an effective employee wellness program. According to a Gartner report, when employees participate in employee wellness offerings the “improvements in personal outcomes translate to higher levels of performance and retention”.
You only have to take a look at the online reviews of the largest employers in the world to spot what some are doing right, and what others are doing wrong. You will quickly see that some companies have consistently negative reviews. Employees will write that their jobs were too stressful or that they became physically ill because they were overworked. Some reviews go as far as to say that they don’t recommend working for a particular company because their employers didn’t care about them at all.
So, what is the cost of not running an employee wellness program?
The cost of employee turnover is staggering. For each new hire, expect to pay an additional 30% - 50% for an entry level position and 100% - 150% for a mid-level position. With millions of employees looking to switch jobs, employers need to focus on how to keep their top talent. What are employers looking for? Flexibility, meaningful work, and an organization committed to wellness are top priorities for job seekers. The good news is that 75% of the reasons employees quit are preventable.
Productivity, how well your employees function while at work, is linked in part to lifestyle behaviours. Those with poor eating habits and/or who fit in little to no exercise during the day are more likely to be less productive. On the other hand, healthy employees are absent less often and have lower rates of burnout. The importance of mental and physical health has risen to the forefront of conversation during the course of the pandemic. According to recent Gartner research, employees who utilize company wellness support report 23% higher levels of mental health.
Not only are happy employees 13% more productive, they also provide better service to your customers and clients. Negative attitudes and low morale can cost your organization in the form of poor customer interactions and a decline in work performance. In fact, unhappy workers cost billions each year in lost productivity. What are they costing your business?
How then, can businesses quickly and effectively implement a wellness program that delivers results? Partner with a trusted expert that works with you to understand the unique challenges facing your business to develop a strategy tailored to your needs. Look for a holistic end-to-end solution that is designed to educate, engage and inspire your employees. Ensure you are offering your employees an easy to use platform that is accessible at any time and from anywhere to ensure program participation.
With Sprout At Work, our team of experienced wellness and behaviour change experts will provide you with best practices, communications, and tailored programming to ensure quick adoption and ongoing participation in your wellbeing platform. From implementation to ongoing delivery, your Client Success Team is with you every step of the way.
Ready to invest in wellbeing to see happier and more productive employees? Book your discovery call today to see how we can move the wellness needle in your organization.