As an employer, it’s important to think about wellness beyond cost savings opportunities and the bottom line. The impact worksite wellness programs can have on employee morale and employee productivity is immeasurable – when employees feel good about the culture and values within a workplace and that they are valued, they are more willing to stay at the organization and perform at the peak of their ability.
So, you may ask, where should I put my investment in worksite wellness to create the greatest employee engagement and boost morale? Research shows that employers are focusing more of their efforts on mental health initiatives, stress management/resiliency, and financial wellbeing solutions.
According to the National Institute of Mental Health, one in five American adults experiences mental illness in a given year. Serious mental illness costs the U.S. $193.2 billion in lost earnings per year and despite its prevalence in our country, there is still stigma around it. As an employer, you can change the conversation and create an environment in which your employees feel comfortable to seek the help they need.
Additionally, constant stress and unresolved anxiety are risk factors for chronic disease – and a top cause of stress in any employee population is finances. Stressors like credit card debt, student loan debt, or insufficient retirement savings affect all aspects of people’s lives from family life to mental health and work life.
There are many digital health solutions and niche solutions in the market to address mental wellbeing, stress management and financial fitness; but ultimately, there has to be strong leadership support, mid-level manager support and strategic communications in place to create a foundation for a strong program. A compelling incentive is also paramount to create engagement and participation. I encourage you to invest in your employees and address needs that are relevant to their lives. Don’t just talk about it – make it happen. We can help.