For ages, employers have been struggling to balance the competitive employee health benefits and the rising healthcare costs. Employee wellness programs are known to support workforce wellbeing, and can attract and retain a productive workforce.
However nice it might sound, having a comprehensive wellness plan with the poster of a basket full of glistening apples and motivational quotes is just not enough. A robust employee wellness program must focus on improving holistic health dimensions while staying in line with the latest trends and wellness technology.
So, apart from offering workplace benefits like health screenings, reimbursement of fitness programs, and incentives, corporate wellness programs can also help the workforce maintain healthy lifestyles with wellness challenges, gamification, and progress tracking.
A Forbes study showed that organizations that fail to empower their employee wellbeing lose many opportunities to grow their business and reap other positive effects. Also, the right corporate wellness programs boost productivity, build stronger teams, improve morale, and enhance the overall workplace culture.
As Harvard Pilgrim puts it across, when companies offer the right employee health and wellness benefits that reinforce a holistic approach, the success numbers follow suit.
- Increase in Employee Productivity
Employees who have poor health and wellbeing accomplish only 64% of their tasks or work, compared to the 83% with potentially excellent wellbeing.
- Better Team Output
When the health and wellbeing of a team grow from poor to exceptional, the work output supposedly increased from 61% to 81%.
- Enhanced Job Satisfaction
Only 44% of employees with poor wellbeing said they were happy at their workplace and satisfied with their jobs. However, it was a fry cry from 89% of workers with good wellbeing claiming they were very satisfied with their work.
An old O.C. Tanner Institute survey published by Forbes revealed that employee wellbeing had a vital role to play within the organization. The global survey was conducted with over 2,000 employees from different working generations, ranks, and industries to understand the concept of wellbeing and its impact on the business.
On a scale of 10, employees were given a score each based on their health and wellness quotient.
- Excellent physical fitness earned them an overall score of 6.66
- Excellent social wellness got an overall wellness score of 7.21
- Excellent mental wellness got an overall wellbeing score of 7.76
- Employees who were excellent in all these 3 health and wellbeing parameters earned an overall wellness score of 8.14 out of 10, whereas the ones who were not excellent in any category had an average score of just 5.74.
Also, employees who were recognized and appreciated for their work earned an average wellbeing score of 7.2. On the other hand, employees who were not appreciated or recognized for their skills could only score 5.36.
So, it was evident that many factors, including occupational growth, workplace culture, and recognition played a great role in employee wellbeing.
Experts at Harvard Pilgrim revealed that health and wellness were typically identified with exercise and physical fitness. However, the notion of wellbeing is more about having a sense of purpose, about the emotional feelings, financial health, and other factors impacting our daily lives and longevity. Therefore, employee wellness programs must have a holistic approach, support the latest corporate wellness technology, and accommodate the evolving wellness trends.