As competition gets stiffer for companies trying to claim a stake of their respective market, one (very) important success factor is falling to the wayside: employee wellness. In a 2018 study, researchers found that over 61% of employees believed that workplace stress had made them sick, and yet more research has suggested workplace stress to be a leading cause of death in the US.
Ethical implications aside, why should companies care? To put it simply, employee wellness can make or break your bottom line. In fact, recent estimates indicate job stress has cost more than $300 billion for US employees each year.
Whether you have a wellness program in place or are starting from scratch, there are a few key steps you can take at your organization to boost employee morale and increase wellness in the workplace.
WFH and Flexible Hours
One of the biggest stressors employees face is work-life balance. With long hours and demanding in-office work schedules, many employees miss out on home life - whether that’s seeing loved ones, picking up kids from school, or simply having time to reset and relax at the end of the day.
A simple way to solve for this is to offer more schedule flexibility. You can offer employees the ability to work remotely when needed or adjust their daily hours to drop off their kids at school or be home in time for dinner. While this is becoming more of a common workplace practice, many companies remain hesitant to adopt such a policy. The good news? WFH policies have shown to increase employee productivity by almost a full work day AND reduce employee attrition by 50%. Sounds like a win-win!
Time Management Training
In addition to schedule flexibility, time management training can equip your employees with the know-how to be as efficient and productive in their job as possible - giving them the satisfaction of successfully-completed projects while reducing overall work time.
Consider implementing a mandatory time management training to teach (or reinforce) critical work habits such as goal-setting, prioritization, and time allocation. Keep in mind, however, that this will only be successful if employees can comfortably communicate with their managers and set realistic expectations for their workload.
Diversity And Inclusion
Inclusive workplaces inherently cultivate employee well-being. When your employees feel that they are part of a community and their voice is heard, they will be able to openly communicate what they need in order to feel safe and healthy in the workplace.
Inclusion is often talked about in relation to diversity - and for good reason. Putting actionable and achievable D&I goals in front of your recruiters AND giving them the tools they need to find and engage diverse talent will bring a wealth of new ideas, perspectives, backgrounds, and experiences that are necessary for an inclusive workplace.
The benefits of workplace wellness are substantial: increasing the health and happiness of your current employees not only improves retention, but also builds an employer brand that speaks (and recruits) for itself. That means reduced attrition, quicker time-to-hire, and a healthy bottom line. What are you waiting for?