Many people believe that the bottom line is everything when they start their own business. The reality is that if you don’t take care of your employees and provide them with a healthy work-life balance, you won’t have any employees to worry about. The following list looks at different ways to invest in employees’ emotional and physical well-being and why such investments are so significant.
1. Reduced Stress
Investing in employee wellness is critical for coping with the increasing amount of stress employees get subjected to. A recent study found that their jobs stressed out 60% of workers.
Stressful employees are more likely to develop health problems and become less productive at work. Investing in employee wellness can help reduce stress by providing online corporate wellness resources for relaxation, meditation, yoga, and other forms of exercise.
2. Increased Productivity
A productive employee is an essential component of any business. Employees who are healthy and happy are more likely to be effective and focused on their work. Indeed, studies have shown that happy employees are up to 20% more productive than unhappy employees. Investing in employee wellness can help increase productivity and improve your bottom line.
3. Improved Morale
A healthy and happy employee gives a big impact to the company. Employee morale improves when they feel good physically and emotionally, which leads to a more positive work environment. This can lead to lower staff turnover, higher creativity and productivity, and higher customer satisfaction.
4. Greater Engagement
Employees engaged in their work are more likely to be productive and remain with their company in the long run. Investing in employee wellness can help increase employee engagement by providing opportunities for coworkers to connect on a deeper level.
Team-building activities that encourage physical activity, for example, can help employees form relationships outside the office and foster a sense of camaraderie.
5. More Supportive Corporate Culture
Employees feel valued and appreciated in an environment with a supportive corporate culture. This leads to increased satisfaction and a better company image, making it easier to attract new talent.
Investing in employee wellness can improve your company culture by assisting employees in realizing that they are valuable members of the team who deserve more responsibility. Employees will feel more fulfilled and happier as a result of this.
6. Greater Employee Retention
Employers who invest in their employees’ health and well-being can increase their employees’ happiness and job satisfaction. And when they implement policies that benefit workers, such as healthy snacks at the office, work-from-home options, or maternity leave programs, they can see an increase in worker morale.
This is especially true if your employees believe you are aware of their personal needs outside of work. Giving them support during difficult times also demonstrates that you genuinely care about them as people.
7. Tax Benefits
Investing in employee wellness can be considered a qualified tax-deductible business expense. According to the IRS, employers can deduct the cost of providing all types of health care benefits to their employees as a business expense. This includes the costs of hiring a fitness expert, such as personal trainers or yoga instructors.
8. Improved Quality of Life
A healthy lifestyle is beneficial not only to your career but also to your personal life. A growing number of businesses are providing their employees with flexible work hours, telecommuting options, and other services that enable them to live healthier lives outside of work. You can help improve the quality of life for both your employees and their families by encouraging and supporting these policies.
9. Greater Security
A recent study discovered that physically active employees have a 20% lower risk of heart disease. Employees who are physically active and healthy are less likely to miss work due to illness and less likely to file worker’s compensation claims. This can lead to increased security for your company and lower healthcare costs.
10. Reduced Healthcare Cost
The health of your employees has a direct impact on your company’s health care costs. You can help reduce the number of sick days taken by your employees and encourage them to live healthier lifestyles by investing in employee wellness. This can result in significant cost savings for your business.
Healthy employees can work and perform better. They can be more creative in looking at the project and able to come out with better solutions. Besides, when the employees are happy, they remain loyal to the company, resulting in lower turnover rates. That means you don’t have to spend time in hiring and training someone new, letting you focus on the task to grow the business.
Stephanie Caroline Snyder graduated from The University of Florida in 2018; she majored in Communications with a minor in mass media. Currently, she is an Author and a Freelance Internet Writer, and a Blogger.