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The Team at Laudale

Why employers shouldn’t underestimate the power of ‘wellbeing’

3 minute read

Businesses spend thousands and thousands of pounds on creating the right strategy to deliver results and yet a recent piece of research said that over a third of senior HR staff do not consider employee wellbeing to be an important part of that strategy.

This was despite the fact that the same piece of research found that 51% of HR staff see their employees struggle to concentrate when wellbeing is poor, noticed more sick days are taken and saw an increase in mental health issues.

So why aren’t more businesses and employers embracing wellbeing as part of essential business strategy?

There’s no getting around it, poor staff wellbeing affects the bottom line, through lost productivity, profits, time and resource businesses are losing out by not investing in the wellbeing of their employees. 43% of all working days are lost to ill health, stress accounts for 35% of these days. Absence isn’t the only factor at play, presenteeism for employees who are stressed or suffering from poor mental health costs businesses an estimated £26bn annually so businesses shouldn’t assume if employees are still clocking in that they’re happy or productive in their work.

It’s fairly simple to just start doing ‘wellbeing’ type activities but whilst often delivered with genuine intentions these don’t always mean much to the employees they’re designed to benefit. Don’t let that stop you from buying that pool table for your team or stocking the fridge with beers for 5 pm on Friday but be realistic about how sustainable their impact will be in the long term.

Embracing wellbeing as part of your overall business strategy is challenging because it’s about building real cultural change and not quick wins. It’s about asking the right questions to discover how your employees feel about the working environment you’re providing for them.  How do they feel when they get to work? Are they happy, raring to go or stressed and having difficulty coping? Whatever the answer investing in making your staff feel good about the workplace will set you apart as a great employer with the added benefit of increased productivity and performance.

Wellbeing can seem somewhat of a wishy-washy term, a HR buzzword perhaps but its power in your business is real, and should be ignored at your peril.

What’s your view? Talk to us @LaudaleHQ

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