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NORTHWEST HEALTH ARTICLES

Friday November 23 2012

Does your Company have a Corporate Wellness Strategy?




Does your Company have a Corporate Wellness Strategy?

Steve Butters from EasyFit Personal Training explains why Corporate Wellness shouldn't just be an HR Initiative.


More and more companies around the world invest and commit resources to a corporate wellness programme designed to enhance worker health, reduce sick leave, improve morale and increase productivity.


Why is this...?


  • Reason 1 - The cost of absenteeism can be huge. Employee absence can cost and organisation the equivalent of 35% of its payroll (HR consulting firm Mercer, 2010).
  • Reason 2 - According to the Office for National Statistics, absence from ill health costs UK business over £20 billion each year.
  • Reason 3 - Estimates by the CIPD (chartered institute of Personnel and Development) put the cost of presenteeism (turning up to work either ill or not performing) at almost double the above figures. Differences in performance between people being paid the same can be 40% to 60% or even more.
  • Reason 4 - Research now shows that only 17% of us have peak mental health
  • Reason 5 - In 2011 the UK lost 10.8 million working days just to stress alone! And it's rising.
  • Reason 6 - On current trends, 2030 86% of the UK population will be overweight or obese - the American Journal of Health Behaviour found that obese employees cost the company up to 5 times more than 'normal' weight employees.

Do we really need any more reasons?

Quite simply, a healthy, happy workforce is good for business.


Dame Carol Black, UK Government Director for Health and Work (2008) states: "Research found considerable evidence that health and wellbeing programmes produced considerable economic benefits across all sectors and sizes of business: in other words that good health is good business"


Corporate Wellness is among the most vital investments that a company can make. Businesses that start a Corporate Wellness program aren't only investing in the physical wellness, safety, and mental health of their employees, but are also taking preventive measures by creating a healthier environment. Thus, saving the company money in the future. Investing in Easyfit's Corporate Wellness strategy is a sound economic business decision, not just a 'HR initiative'.


A well thought out corporate wellness strategy will:


  • Reduce sickness absentee levels
  • Increase the company's efficiency and productivity
  • Reduce employee turnover and the number of early retirements on health grounds
  • Improve your employees' morale and employer / employee relations generally
  • Promote a positive, health based corporate image of your company in the market
  • Improve customer retention
  • Help retain higher calibre employees to your company.
  • Attract high calibre staff
  • Provide substantial ROI

Plus,



  • US corporate wellness initiatives showed a positive return on investment values of up to $8.81 per dollar spent on the corporate health promotion program (source Lambton Health Services)
  • The Economic and Social Research Council reports ROI of at least £3.50 in the pound spent on employee wellbeing. These figures are backed up in a study by Price Waterhouse Coopers undertaken for the government. They also suggest looking after your staff can bring about a reduction in sickness absence of at least 12-15%.

  • In the face of ever increasing global economic pressure and competition every CEO, Manager, HR team and business owner knows that the productivity, morale, health and wellness of their staff is the key to success. Corporate Wellness programs have been proven time and again to have a positive effect on the workplace as a whole. Both employees and employers can benefit physically, mentally, and economically from the implementation of some type of wellness program within the business. It is clear to see that the wellness of your employees is the biggest untapped area of performance improvement for almost every organisation.



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