The Links Between Employee Well Being and Your Bottom Line
January 3, 2018
If any of your employees are showing reduced productivity while at work, there could be several reasons behind this, and any one of them could be related to their working environment or conditions. The job may be proving too stressful for them, they may have financial worries, personal problems, or may even be sick but cannot afford to take the time off work.
The term ‘presenteeism’ is often applied to those workers who continue to work while feeling under par for any given reason, and is the opposite of ‘absenteeism’, which needs no explanation. Presenteeism can cause many problems for both employer and employee, and is usually detrimental to the health and well being of the individual, plus it can affect the company’s bottom line if an individual is consistently under performing due to poor health.
How your employees well being can be nurtured to positively affect your bottom line:
Experts believe that viewing health or wellbeing alone to contain medical expenditures or prevent health related productivity is counterproductive, and if an employer is serious about reducing their expenses in that area, then they need to look seriously at all the factors that may have an impact on the outcome. Assessing the workplace and the mental health of theemployee may be vital to ensuring that all workers are as productive as they can be, meaning good news for your bottom line. In other words, all potential sources or causes of presenteeism must be addressed, not just the immediate health or wellbeing of employees. Non-health related aspects of an individual’s wellbeing, such as financial worries and obstress, can have a huge impact on their health, from raising blood pressure to causing
physiological responses of the nervous system, as scientific studies have recently shown.
For employers, moving in the direction of an inclusive program that challenges and addresses all aspects of an employees’ wellbeing, is a vital step towards encouraging and creating a healthier and much more engaged workforce.
Why is it so important to focus on employee wellbeing?
Those businesses who have chosen to focus on the overall wellbeing of their employees, are easily recognizable, and often feature among the lists of America’s top employers and best places to work. This is, of course, no coincidence, and proves the importance of having contented, respected employees.
Knowing how to get your company featured in one of these lists may not be as easy as you think, and seeking professional help can be the first step towards creating a workplace that nurtures the wellbeing of its’ employees.
People who don’t feel confident in themselves, will often reflect this feeling in their working lives, and that coupled with a culture of long working hours and unreachable targets, can add up to an employee who won’t give 100% while at work. This then has a negative impact on your businesses bottom line. Multiply that to an entire workforce who feel overworked and undervalued, and you’ve got real problems.
Training your HR staff to support each employee with appropriate and meaningful policies and benefits- or outsourcing HR to a team of highly skilled and experienced professionals – will go a long way towards ensuring that your staff are as happy and valued as they can be, and that they can contribute adequately to your business.