The top 10 benefits of a watertight employee wellbeing strategy

No matter whether you are already busy putting together a business case for creating a watertight employee wellbeing strategy or whether you are simply intrigued to learn a bit more about how employee wellbeing impacts on your organisation, this post will be really useful for you. These benefits I share with you here are taken from my free ebook ‘A Practical Guide to Employee Wellbeing’ which can be downloaded here.

I’m really pleased to be able to invite you to a free live webinar I’m hosting on Thursday 12th March, 2-3pm (UTC/GMT).  The webinar is designed so that you can explore the relevance of a watertight Employee Wellbeing Strategy in the context of your own organisation. It’s not about me giving you a ‘lesson’ in what I think you need to do (that’s not my style in any of the work I do!). In fact it will be an interactive session with me taking you through some really important questions which will help you work out exactly what is the best first step for you personally to take. By the end of the webinar, you’ll have some clear, defined actions that you have created yourself. To join me, click here.

Here goes then! The top 10 benefits of a watertight employee wellbeing strategy:

1. Raise your reputation as an employer - By proactively building your reputation as an ethical employer you could aim to become known as the best employer in your industry. When you become your industry employer of choice you will attract the highest calibre, talented and dedicated workforce.

There are many benefits to elevating your profile as an ethical business such as not having to pay overinflated salaries in order to recruit and retain the necessary skills. In many industries the upturn is accelerating and the impact of skills shortages is already adversely affecting many businesses.

2. Improve staff retention - By taking the wellbeing of your employees seriously you’ll retain the talented people who you’ve invested in and who fit in well with your company culture. As well as the positive impact that this has on morale and performance, you’ll also reduce the costs associated with recruitment, training and the bedding in of newly formed teams

3. Increase productivity - There is a wealth of research to show the link between happiness and productivity. A recent study from Warwick University showed that improving the happiness and well-being of people raises productivity by 12%, however in organisations where the culture is poor there could be room for significantly more improvement.

4. Reduce sickness absence - By proactively raising emotional wellbeing levels of employees you could reduce the number of working days lost due to, stress, anxiety or depression, physical illnesses brought on by stress or depression and alcohol related absence such as hangovers or illnesses caused by too much alcohol.  Physical wellbeing and emotional wellbeing are strongly linked, so by also paying attention to both of these you will maximise the effects of your wellbeing efforts.

5. Reduce the risk of accidents - By investing in the health and wellbeing of your employees, you are also investing in safety.  Raising wellbeing will help to reduce accidents in the workplace by enabling clearer thinking and better decision making, reducing tiredness and stress and by helping to create an atmosphere of collaboration and mutual care.

6. Improve workplace relationships - If they are equipped with the right strategies, employees will be happier in the workplace as well as being able handle conflict more effectively.  This leads to improved relationships, a more harmonious working environment and means that people can more easily overcome personal differences in the pursuit of a common goal.

The positive effects will also spread to external relations for example customers, clients and suppliers.

7. Increase diversity  - By improving your reputation as an ethical industry employer, you are more likely to attract and retain a diverse workforce incorporating an equal gender balance, ethnic minorities, people with disabilities and gay people.  The greater the diversity within an organisation, the more creative and innovative the workforce can be, to the benefit of the organisation as a whole.

8. Improve company culture - A robust employee engagement and wellbeing strategy is the most powerful way to create deep and lasting changes to a company’s culture.  When your culture is working for you, more energy can be diverted to other things such as innovation and performance.

9. Demonstrate Corporate Social Responsibility (CSR) - You will attract positive attention in industry press as well as demonstrate to your Clients your commitment to Corporate and Social Responsibility.

10. Reduce the risk of legal action - When your employees enjoy good wellbeing, good workplace relationships and feel totally supported and engaged it is more likely that incidences that could escalate into bullying, harassment or constructive dismissal claims are dealt with long before they become a serious issue.

If you’d like more details about the proactive steps you can take, you can find out more in my free ebook ‘A Practical Guide to Employee Wellbeing’ or join me on my free live webinar ‘Employee Wellbeing Strategy Training’ on Thursday 12 March, 2-3pm (UTC/GMT). Have a great week!

Saffron Grant specialises in improving business performance by improving employee wellbeing. She provides resilience training, executive coaching and can help you to create the perfect Employee Wellbeing Strategy for your organisation.

Saffron is the author of A Practical Guide to Employee Wellbeing - How to create your strategy’ which can be downloaded for free here. You can access her new book here: 10 Steps to Resilience - A step by step guide anyone can use’.

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