Employee health and wellbeing is an increasingly relevant consideration in the modern workplace and is now one of the top five boardroom issues. It is a major factor in the performance and productivity of staff and as a result has knock-on effects on business effectiveness and profit. By developing a healthy culture, you can energise and motivate employees, creating a lively and positive workplace.
The number of working days lost to stress rose by almost a quarter last year, suggesting that employers need to do more to address this “growing epidemic”. Workplace health and safety figures released by the Health and Safety Executive (HSE) showed that 15.4 million working days were lost to work-related stress in 2017/18, compared with 12.5 million the previous year. With an average of 25.8 days lost per case. Stress, depression and anxiety accounted for 57% of all working days lost in 2017/18.
How can businesses benefit from employee wellbeing?
Putting in place some key initiatives to support your business can provide major benefits.
They can IMPROVE:
- Employee health and wellbeing
- Employee engagement
- Productivity and motivation
- Brand and corporate image
- Customer service quality
- Corporate social responsibility
- Individual and team performance
They can REDUCE:
- Sickness absence
- Stress levels
- Absence costs
- Staff turnover
- Recruitment costs
- Training costs
- Health insurance
- Liability cover and litigation risk
- Poor performance
How much is employee absence costing your business?
The Government have produced a workplace wellbeing tool to help you work out the costs of poor employee health to your organisation and create a business case for taking action. You can use this tool to:
- calculate the annual cost of employee ill health, absence from work and staff turnover
- create business cases for workplace health and wellbeing initiatives
- estimate the return on investment of setting up a health and wellbeing programme
Reducing the cost of employee absence
We can work with you to reduce both the cost and impact of absenteeism on your business.
Reducing employee sickness
The management of sickness absence is paramount and must be done effectively and efficiently. Effective absence management involves finding a balance between providing support to help employees with health problems stay in and return to work and taking consistent and fair action against employees who try to take advantage of organisations’ sick pay schemes. We can partner you to manage these situations to ensure that you get the best solution for your company and the individual.
Ensuring a good work-life balance
Finding the right balance between home and work can sometimes be tricky, but when the balance is right both the individual, their families and the organisation will benefit. We can advise you on making this work on both sides of the employment relationship.
Workplace health and safety
There are legal obligations on employers in relation to health and safety and we can advise on the obligations which affect your business, and help you with the risk assessment process, health protection and accident prevention, employee training and awareness, and record keeping.
Get in touch today
Have you got some specific sickness absence situations that you need support on? Or would you like help in using the Government tool or creating a wellbeing strategy?
For more information on how we can support your business, please fill out the enquiry form below to ask our HR consultants a question. Alternatively, call us to discuss how we can help.
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