The Case for Supporting Workplace Wellness and Employee Well-Being
INDEAL Cares is dedicated to supporting the health and well-being of individuals working in the commercial furniture industry by providing tools and resources that empower individuals to take control of their health and to live well – at home and at work.
Why? The need for supporting wellness at work is greater than ever before.
INDEAL Cares’ first annual employee health and wellness survey; “Working in a Changed World: Understanding Health and Well-being in the Commercial Furniture Industry” found that 66% of respondents stated that COVID-19 was taking a toll on their physical and emotional health. In addition, studies have recently documented that COVID-19 has had a significant impact on mental health.
When asked about the tools and resources that would help alleviate some of the difficulties that individuals working in the industry are experiencing:
50% of respondents confirmed that they wanted information to support emotional well-being and mental health.
42% said that tools supporting health habits including diet, exercise, and lifestyle change were warranted.
38% of respondents confirmed that they required content related to health and wellness, including yoga and meditation.
Supporting Employee Health at Work Today
Though employee wellness programs have been around for some time, the modern program of its kind has evolved significantly. Originally, the investment in these programs was driven by a need to minimize healthcare costs. Now, employers are increasingly motivated to contribute to wellness initiatives based on a range of positive outcomes, including increased employee productivity, a more engaged workforce, and a greater ability to attract and retain top talent.
Here are some factors that directly impact an organization’s bottom-line and create a compelling business case for supporting workplace wellness and employee health:
Positive Return on Investment (ROI)
Studies have shown varying amounts of ROI; however, a literature review conducted by the American Journal of Health Promotion reported an overall ROI of $2.38 (i.e., organizations saw a benefit of $2.38 per every $1.00 invested) for employee wellness programs.
Johnson & Johnson’s leaders estimate that wellness programs have cumulatively saved the company $250 million on health care costs over the past decade; from 2002 to 2008, the return was $2.71 for every dollar spent.
Increased Engagement and Productivity
According to this Gallup Study, highly engaged teams show 21% greater profitability. Those teams who score in the top 20% in engagement realize a 41% reduction in absenteeism, and 59% less turnover. Engaged employees show up every day with passion, purpose, presence, and energy.
With disengaged employees costing the U.S. economy between $450 billion and $550 billion each year in lost productivity, more and more employers are feeling the impact on their business and are driven to do all they can to keep their employees motivated.
A recent white paper by Optum shared that organizations with highly engaged employees experienced a three-year revenue growth rate 2.3 times higher than the average - and tend to have employees who are 87 percent less likely to leave than organizations with low engagement.
INDEAL Cares was established with a vision to revolutionize the health and well-being of employees within the commercial furniture industry. Our Living Well Library aims to inspire, connect and educate individuals and leaders, and to support them on their journey towards better health at work, with resources and tools dedicated to supporting a healthy body, a healthy mind, and healthy leadership.
I invite you to empower yourself, and your team, if you haven’t already, by connecting with INDEAL Cares to take the next steps in working toward a healthy life.
Contributor: Stefanie Ince, Executive Director, INDEAL Cares