Most leaders intuitively know that employee wellbeing is important, but a well-strategized, properly executed initiative can often be put on the backburner in favor of ad hoc efforts or other business needs. But, it’s time to recognize that a successful wellbeing initiative is more than a “nice to have” benefit, and instead see them for what they are—a foundational and vital piece of your company culture, employee recruitment/retention efforts, and financial future.

Three reasons to prioritize a wellbeing initiative

1. It’s the right thing to do. Post-COVID employee statistics are a concern.

41%

of adults report symptoms of anxiety or depression

11%

increase from 2019

57%

of Americans said they were less physically active

The good news is that a wellbeing program can help! Providing employees with resources, support, and encouragement can have a direct impact on their overall health and happiness. 61% percent of employees at companies with a robust wellbeing program agree they have made healthier choices because of that program. But those three words—“robust wellbeing program”—are key.

To see that kind of impact, you must offer comprehensive resources that meet each employee where they are on their unique wellbeing journey. That’s why Navigate provides holistic resources (videos, challenges, behavior tracking, and more) addressing each of The 8 Pillars of Wellbeing: Balance, Community, Financial, Mindfulness, Nutrition, Physical, Purpose, and Social.

Not sure where to get started? We can help there, too. Our Wellbeing Survey helps you gather critical data about your employees’ health, measure ongoing improvement, and plan program strategy on a year-over-year basis.

2. Improve your employee retention and recruitment effort.

52%

of employees plan to look for another job this year

87%

of employees expect their employer to support work/life balance.

89%

of employees at a company that supports wellbeing are likely to recommend their organization as a good place to work.

Replacing key team members is a costly, time-consuming process that can have a detrimental impact on team productivity and morale. You already care about your people—put that care into action by offering impactful resources and providing easy access to your unique benefits with Navigate’s online hub. By streamlining and communicating your efforts, you’ll demonstrate your commitment to your employees’ health and happiness.

3. Engage employees to boost productivity, morale and your bottom line

More than 9 in 10 workers say they feel more motivated at their job if their leaders support wellbeing efforts.
Companies with high employee engagement report 37% lower absenteeism levels, 10% higher customer satisfaction, and 21% higher productivity.
Companies with highly effective health and wellness plans are 40% more likely to report better financial performance.

An employee wellbeing program not only supports their health and happiness, it can also improve your bottom line. These statistics tell a story with a beginning (your wellbeing program), a middle (increased innovation and productivity) and a pretty nice ending—a boost in your overall profitability.

Navigate’s flexible and robust platform, ongoing support, and expert strategy can help you address burnout and employee wellbeing before it’s too late. Spark a conversation with one of our experts for more details or schedule a demo for a look inside the Navigate platform.

Sources
https://www.microsoft.com/en-us/worklab/work-trend-index/hybrid-work
https://hbr.org/2016/10/why-people-do-and-dont-participate-in-wellness-programs
https://www2.deloitte.com/content/dam/Deloitte/us/Documents/about-deloitte/us-inclus-millennial-influence-120215.pdf
https://www.gallup.com/workplace/336941/wellbeing-engagement-paradox-2020.aspx
https://hrdailyadvisor.blr.com/2021/04/07/its-a-new-day-for-employee-well-being-options/
https://allwork.space/2019/03/these-statistics-prove-that-wellness-improves-the-workplace-experience/
https://www.forbes.com/sites/nazbeheshti/2019/01/16/10-timely-statistics-about-the-connection-between-employee-engagement-and-wellness/?sh=3135c55422a0
https://insights.myshortlister.com/employee-wellness-statistics
https://www.ihrsa.org/industry-leadership/covid-data-research-for-health-clubs/