Investing in Employee Health and Wellbeing
Improving employee performance and business success through health and wellbeing initiatives in the workplace.
There is growing body of research supporting the correlation between employee wellness and business success. Increasingly, successful organisations are investing in employee health and safety to drive tangible improvements in performance, profit, and culture.
The idea of employee optimal health and wellbeing being good for business is not a new concept, but is one that is gaining a growing amount of traction as more in-depth research continues to be released. In a paper by the Australian Government, companies were found to have an average return on investment of $5.81 for every dollar invested into workplace health programs (2011). Another study examined the stock market performance of companies well known for their health and safety initiatives. The study reported an average annual return of 6.03% - a return well above the market average of 2.92% (Journal Occupational Environmental Medicine, 2013).
As an employer, it is your duty of care to provide a safe and healthy working environment for all employees. Investing in health and wellbeing testing and programs can improve the productivity and overall performance of your staff, while also improving the productivity and success of your business.
For more information on health screening, or to request a quote, call 13 LABS.
References:
Australian Government, Comcare (2011). Benefits to Business: The evidence for investing in worker health and wellbeing.
Journal Occupational Environmental Medicine (2013). The link between workforce health and safety and the health of the bottom line: tracking market performance of companies that nurture a “culture of health”.