Systemising Staff Wellbeing Programs For Bottom Line Impact
Implementing staff wellbeing programs used to be a nice-to-have, partly because its difficult to measure the return on investment. But we all know the importance of staff productivity to the bottom line, and as workplace stress, sedentary work and the resulting health issues become bigger issues, thankfully there are new and cost effective ways to improve the situation.
Did you know that Australian business loses $44 billion in productivity due to absenteeism every year? Personal health is clearly a large element in those numbers.
More research says that the median payout for a worker’s compensation claim in 2018 was $11,500, with 106,250 serious claims lodged. Of course, the personal costs of a serious health incident in terms of quality of life, are incalculable. This includes the hidden impact on staff morale and other domino effects in the workplace.
If a serious health emergency, such as a cardiac arrest happened at your office, are you sure your teams are fully prepared to respond and to manage the flow on effects? There are some important questions you may need to ask yourself and your OHS manager before you can answer the question with confidence:
● Who would be the first responder, while you wait for the ambulance to arrive
● How do you subsequently manage staff morale and productivity in the short term, and beyond?
Employee health and wellbeing is an emerging area of focus for organisations. It’s also fast becoming something that executives see in terms of offering a competitive advantage, when wanting to attract quality talent. A safe workplace is a motivated and productive workplace, and ultimately a more profitable workplace.
Organisations that prioritise workplace health programs experience a range of positive outcomes, including:
To help you build a culture and environment based around wellbeing, as well as safety, we’ve prepared a list for your teams that highlight the 10 Rules for the New Safe Workplace.
John Haines is Founder and Managing Director of LivCor, which has recently rebranded from Australian First Aid and APL Healthcare.
He launched Australian First Aid in 1988 as the first privately owned RTO, providing first aid training to business and the community. APL Healthcare was launched in 2014 to provide products and services to the same customers.