Improving Workplace Wellbeing
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Oct. 29, 2022, 9 a.m.
Improving Workplace Wellbeing
Fostering a healthy work environment is positive for both employees and employers. Globally, an estimated 12 billion working days are lost every year to depression and anxiety at a cost of US$ 1 trillion per year in lost productivity.
There are several major factors that might challenge an employers’ ability to enrich a positive workplace, including staff and senior buy-in as well as financial and time resources. However, given the opportunity to commit to supporting employee wellbeing will produce a multitude of benefits.
Here are the top ways companies can easily improve workplace wellbeing:
- Useful Benefits
Providing benefits in the group plan that support mental and physical welfare can easily contribute to a staff members personal wellbeing. This, in turn, can increase confidence in the company and increase both job satisfaction and productivity. A 2018 Employee Benefit Trends Study showed that 51% of employers believe health and wellness benefits will be more important for employee retention in the coming future.
- Financial Education
Financial education helps employees achieve financial success by balancing group benefits at work and in their personal finances. In fact, employers can contribute to a happier, more productive workplace by offering financial literacy. Human Resource professionals can start by helping each worker break down financial goals into smaller steps, with bite-sized objectives within bigger goals, tackling one at a time before moving on to the next.
- Encourage Physical Health
There is no question the impact of physical health on mental wellbeing. Synonymously, poor mental health is a risk factor for chronic physical conditions. Fitness challenges are one of the best ways to kickstart your company’s wellbeing into gear and have built-in motivation among a group of coworkers. Step challenges are a great place to start.
- Foster Recognition
Social wellness is also a key aspect to wellbeing that can directly influence performance and job satisfaction. Encouraging senior and junior leadership to recognize the efforts of employees will help foster a place where staff feel heard, valued, and appreciated and ultimately create a positive environment. It starts with a simple thank you!
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