Employee wellbeing has been one of the most challenging aspect for HR and decision makers.
The employee surveys conducted across many countries in recent time show a rising concern to a plethora of issues/problems industry wise. The alarming fact is that these issues and insights have come up only when detailed surveys were conducted.
Focus on employee wellness has evolved over the years based on different types of workplace, job profiles and workload. Businesses are facing the reality of a productivity slowdown.
To give a broader picture we are listing some specific examples which will help us understand the type of issues related to Employee wellbeing and the impact they have on Businesses and Employees.
According to Employment Law Advisory Service Stress a silent epidemic is costing Britain’s workplaces over £4 billion a year in wasted wages, lost working days and lower productivity. ELAS estimate that around 443,000 workers have experienced work-related stress severe enough to make them ill.
According to Accountemps nearly three-quarters of U.S. workers work while they’re tired, with one-third reporting they do so “very often.” The survey claims that lack of sleep costs U.S. companies $63 billion in lost productivity each year.
According to Willis Tower Watson’s 2015-16 survey, only one in three (33%) of Asia Pacific organisations have an articulated health and productivity (H&P) strategy. By 2018, more than three-quarters of companies (83%) plan to have a strategy, with a substantial portion (35%) that plan to differentiate their health and wellbeing programmes for critical segments of the workforce.
The case of employee’s health and wellbeing can vary region wise, with different businesses employees having different views on this, but going by the above trends it seems it is critical for companies to focus on a long term employee health and wellbeing strategy which can be measured or mapped. Ideally companies should regularly conduct health and wellbeing surveys based on their programs to understand the level of impact it has on its employees and identify the gaps.
What are your thoughts/suggestions on these trends?
Happy Team Check can help businesses co-create customized surveys that not just focuses on Employee engagement, but also their health and wellbeing.