Why Workplace Wellness makes sense to business
Corporate wellness is an area of growing awareness through the positive results business can achieve by implementing a wellness policy.
- Did you know that wellness in the workplace offers evidence based results which show a decline in sickness absence and increased productivity when correctly implemented. (Price Waterhouse Cooper 2008)
- You can improve the image of your company with wellness based offerings through your corporate social responsibility making you attractive to the best candidates when recruiting.
- Do you realise the implication of decreasing sickness absence on you bottom line? Reductions in sickness cover and pay are not the only ways your company can save money through wellness.
45 out of 55 cases reported a reduction in days lost through sickness
absence as a consequence of wellness interventions. The reductions
in lost days vary enormously, ranging from 10% to 97% over the
evaluation period, with the reported average around 30-40%
Health and welfare
8 cases explicitly mention an improvement in the health and welfare
of their employees associated with their wellness initiatives, including
improved diet, exercise and general wellbeing. One case reports a
33% success rate from its smoking cessation programme; another
tracked reductions in employee fatigue through a personal resilience
Output and productivity
8 cases attributed improvements in productivity levels to
implementing wellness programmes, some referring to reduced
errors or rejects and increased utilisation rates. A further 4 cases
attribute increased competitiveness and profitability to wellness
programmes. For example, the increase in productivity at one
manufacturing organisation was partly responsible for the working
week falling from 48 to 40 hours, coupled with a significant reduction
in stock levels
14 cases mention a positive impact on employee satisfaction as a
result of wellness programme intervention and participation. For
example, one organisation saw a dramatic and positive increase in
employees’ opinion of the organisation from -0.08 in 2003 to +0.53 in
2006 (range is -2 to +2).
Accidents and injuries
16 cases reported reductions in accidents and injury rates as a
consequence of worksite wellness initiatives. Reductions ranged from
30% to 73%, with the average reduction around 50%. 7 cases cite
reduced insurance or civil claims, and/or savings on insurance
18 cases mention a positive impact on reduction in staff turnover,
through improved staff retention and/or return to work rates.
Reductions in staff turnover rates range from about 10% to 25%. On
average, the reduction in staff turnover was around 20-25%.