The Importance of Wellness (mental/physical) in the Modern Workplace
As the line between work and life becomes increasingly blurred due to the rise of remote work, HR professionals are placing a greater emphasis on the employees’ overall health, both physically and mentally. Putting so much focus on the health and happiness of workers is very necessary in order to construct resilient workplaces. Employees thought that the pandemic had a negative influence on both their physical and mental wellness, according to a global poll that was conducted.
Changes in work habits, burnout, anxiety, social isolation, and stress have all had a significant impact on the workforce.
Despite the growing significance of employee wellness, it is not addressed on a significant scale. Now that workplaces are reopening and employees are attempting to readjust to the workplace post-pandemic, firms should prioritize the health of their employees.
According to the results of a survey that was conducted by Future Workplace 2021 HR Sentiment, 68 percent of senior HR professionals (including 40 percent of CHROs) identified the physical and emotional health of employees as one of their top priorities. It should come as no surprise that human resource directors place a high importance on employee health and wellness, given that the corporate wellness market in the United States is already worth $20.4 billion and is projected to reach $87.4 billion by 2026.
Today, the concept of employee well-being has evolved beyond physical well-being to encompass emotional, financial, social, career, community, and purpose well-being as well.
The impact that wellness may have on individuals and businesses, as well as the broader economy and society, is becoming increasingly apparent. According to Employee Wellbeing Research 2017 published by the Reward & Employee Benefits Association, over fifty percent of businesses lack a wellness strategy. Nonetheless, nearly all of these organizations want to install one.
Why is Wellness in the modern workplace Important?
Wellness is crucial in the modern workplace because wellness and well-being have a direct effect on how committed your personnel is to the future of the firm. A brief Google search will reveal the correlation between physically and mentally fit personnel and the favorable impact it has on a company’s return on investment.
In fact, the average employee spends approximately 50 hours per week working. This represents nearly one-third of their waking life each year. Not forgetting that during this time, employees consume nearly one-third of their meals at work. In other words, most employees view their workplace as a second home.
It stands to reason that this environment should be one in which individuals feel nurtured, cherished, and at ease. Here are further reasons why workplace wellness is essential.
Increase in employee efficiency
Presenteeism refers to a situation in which a person is physically present at work but isn’t performing any work. This has repercussions for both the business’s revenue and the employee’s time. Employee well-being significantly enhances the physical and mental health of your workforce, resulting in higher levels of productivity.
A study demonstrates that the cost of decreased productivity due to poor employee health is two to three times higher than healthcare costs. This supports the idea that all companies must prioritize employee well-being. Reinforcing that employee who is happy and healthier is more productive.
Enhances employee retention
The cost of recruiting a new employee is double what they are paid in their first year. Surely, you already knew this.
It is in the company’s best advantage to reduce the employee turnover rate. Investing in the future of your employees ensures that they feel appreciated and safe in their position. This enhanced sense of professional well-being ensures that staff will not defect, so saving your company a fortune.
Reduce employee absences
Absenteeism, like presenteeism, negatively affects the future of an organization. Workplaces that prioritize well-being have reduced rates of absenteeism due to improved stress management and health practices, such as decreased rates of obesity and anxiety.
Furthermore, staff morale is directly affected by well-being. Your staff will be more motivated to complete assignments and contribute more to your organization. Simply put, employee attendance increases as their health improves.
Positive health benefits
Positivity provides both mental and physical advantages. Wellness programs in the workplace assist employees adopt and maintain better habits that reduce health risks. This reduces the likelihood of chronic illnesses and absences.
In addition to focusing mental health, good eating, and gym memberships, there are more dimensions of well-being, such as emotional, financial, social, occupational, intellectual, and environmental well-being. Having these aspects under control result in total well-being, which dramatically increases productivity, efficiency, and firm profits.
Finally, if you would like to learn more about how WorkCompass and our AI powered performance management software can benefit your company. Please get in touch today and request a demo.