The Importance of Wellbeing at Work

A MODERN PROBLEM OF STRESS

According to Psychologist Dr Slaski, our environment has changed more in the last 50 years than it evolved over the previous 2000 years. This places inevitable pressure on us all, as we struggle to keep up with the pace and find new strategies to cope with modern working practices and pressures.

The problem is we don’t always cope and as a result UK business loses 11.7 million days* due to work related stress, which accounts for 45% of all illness absenteeism. If the health of our workforce is not addressed, business will become unsustainable

Promoting wellbeing should be seen as a way to secure a business’s future. We believe it is self-funding due to the long term benefits it can produce:

THE 7 BENEFITS OF BUSINESS WELLBEING

  1. Better attendance – with both reduced absenteeism and reduced presenteeism
  2. Increased productivity – to impact the bottom line
  3. Staff loyalty and engagement – throughout the business
  4. Creativity and business contribution – from everyone at all levels
  5. Harmonious teams – who have the scope and support to deliver
  6. A strong business culture – that attracts and keeps the best people
  7. Millennial readiness – to suit the changing dynamics and needs of the workforce

WHY BUSINESS NEEDS TO ADDRESS THIS NOW

We believe the issue of stress in the workplace is not set to disappear anytime soon. It is therefore important for the sustainability of businesses, that they take this issue seriously for 3 key reasons

  1. A PRODUCTIVITY DRAIN:
  • According to Mind.org.uk, 1 in 4 adults will suffer mental health problems at some time. With stress and mental health now at the top of the leader board as key reasons for staff absenteeism and staff turnover, businesses can’t afford to ignore wellbeing.
  • In March 2017, the Institute of Directors announced that a new survey showed 54% of its members have been approached by staff suffering mental ill health. Yet just 14% have a formal mental health policy in place and fewer than 1 in 5 offer line management training. (ref https://www.iod.com/news-campaigns/news/articles/IoD-calls-for-a-little-more-conversation-around-mental-health-in-the-workplace)
  1. WORK NEEDS TO COUNT:
    • As people continue to spend more time at work, they look more to their workplace to provide a sense of purpose in their life.
    • Without purpose people lack motivation to perform at the top of their game and are more likely to experience stress and anxiety at work
  1. A NEW GENERATION EMPLOYEE:
    • Businesses are recruiting more Millennials, who have a new outlook on work. They expect and seek work-life integration, social responsibility and more purpose in employment.
    • Businesses need to find ways to support their wellbeing if they are going to hold onto this innovative but ready to job hop generation, as well as manage and harmonise their integration into wider teams from different generations with different views on the work place (ref https://www.theguardian.com/world/2016/mar/15/millennials-work-five-stereotypes-generation-y-jobs)

A Model of works stress. Source: adapted from Palmer, Cooper and Thomas (2001).

If you’d like to discuss how we could improve your business wellbeing, please contact us

*Source: The HSE Report 2016 www.hse.gov.uk/statistics/ referencing the Labour Force Survey 2015/2016

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