Wellbeing Strategy – Create a holistic plan for your organisation

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A wellbeing strategy is a comprehensive and holistic plan outlining how organisations support their employees’ mental, physical and overall wellbeing. In this article, Vix Anderton details how to create an effective health and wellbeing strategy and, at a leadership level, how it can help organisations to define and establish a robust wellbeing policy.

When discussing wellbeing at work, many employers understandably ask whether it’s their responsibility to consider the wellbeing of their staff. Simply put: Creating thriving lives is the right thing to do, and it makes good business sense too.

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Why workplace wellbeing matters

Investing in employee wellbeing yields substantial returns for organisations. Happy, healthy employees are more engaged, productive, and innovative. This translates to lower absenteeism, reduced turnover, and a stronger employer brand. A survey by Workhuman and Gallup found employees with high wellbeing are more likely to be told they are top performers, feel like their pay is fair, and are less likely to be actively looking for job opportunities.

Whilst we all talk about work-life balance, work and life aren’t mutually exclusive. You can probably relate to taking home the stress of a busy, frustrating day at work and possibly taking it out on your family by being snappy or needing to work late. What happens at home also impacts what happens in the office. Whether it’s health concerns, a sleepless night with a sick child, or relationship stress, no-one can simply turn their emotions off when they arrive at work. It’s in organisations’ best interests for all their staff to thrive in life and bring the effect of that thriving life to work.

The benefits of wellbeing in the workplace

There are numerous benefits to enhancing workplace wellbeing for both organisations and the people who make organisations work. These include:

Enhanced performance and productivity

Employees who feel supported and valued are more engaged, focused, and productive. Research by HBR Analytic Services shows that employees who are in good physical, mental, and emotional health are more likely to deliver optimal performance in the workplace. A healthy workforce is a high-performing workforce. By investing in wellbeing, organisations can expect increased efficiency, improved problem-solving abilities, and higher-quality output.

Reduced absenteeism and turnover

A strong correlation exists between employee wellbeing and attendance. When employees are thriving, they’re 32% less likely to be watching for or actively seeking another job. When employees feel valued and cared for, they are less likely to take sick days. Moreover, a positive work environment fosters loyalty, reducing turnover rates and the associated costs of recruitment and training.

Strengthened employer brand and reputation

Organisations with a strong commitment to wellbeing attract and retain top talent. According to Gallup, 62% of US workers say that having greater work-life balance and better personal wellbeing is very important to them when considering whether to take a job with a different organisation. A positive employer brand is built on a reputation for caring about employees. By prioritising wellbeing, companies can enhance their market image and gain a competitive edge.

Innovation and creativity flourish

A thriving workplace culture encourages creativity and innovation. When employees feel supported and empowered, they are more likely to contribute fresh ideas and perspectives. Wellbeing initiatives can spark a culture of innovation, driving business growth.