How Corporate Wellness Can Boost Productivity

It is necessary for all to be healthy. People now are cutting down their sugar levels, trying to go to gym, trying to do proper exercise and also trying to quit their bad habits of smocking. Corporate wellness programs are intended to provision and encourage a complete method for the employee wellbeing by making an organizational culture of health. There are workplace wellness programs that are conducted by the firms for health benefits. These programs help in enhancing the employees productivity and reduces the overall operational cost. These programs help the employees to adopt a healthier life style. The organizations like spas and wellness centers gives training individually or in group settings, which helps the firms for longer benefits. Corporate wellness has been evolving in the last few years due to economic transformation and the evolving nature of work. There are number of benefits that can be provided by the corporate wellness activities reduced healthcare costs, reduced absenteeism, reduced stress, increased productivity and increased morale.

The impact of new technologies as well as the ability to work from anywhere is introducing new challenges for workplaces. Challenges that facility managers must have in mind when developing workplace strategies and ensuring employee well-being.

The Corporate Wellness Market is expected to reach USD 84.67 billion by 2025, from USD 50.20 billion in 2017 growing at a CAGR of 6.8% during the forecast period.

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Since then corporate wellness programs have become the norm for many US-based companies (with more then 50 employees). In the UK, it is estimated that only 45% of companies currently offer workplace wellness schemes however this is on the rise with a recent report suggesting that the average number of annual working days per staff member lost to absenteeism or presenteeism has risen from 23 to 30 thus encouraging more companies to invest in wellness.

Corporate wellness can minimize stress and decrease absenteeism

More and more employees believe that the employers must take an active part in reducing the amount of stress in their lives and that the workplace is capable of reducing the stress levels employees are facing. For many, wellness initiatives are also of higher value than their wages.

It is not only on the employee side of business that corporate wellness can make a profound impact. A study by Harvard University researchers who reviewed 36 studies of corporate wellness programs found that for every dollar spent on wellness programs, the company's absenteeism-related costs fell about $2.73. One meta-analysis of 42 corporate wellness studies also found a 25% reduction in sick leave and absenteeism, a 25% reduction in health costs, and a 32% reduction in worker's disability costs and compensation.

Corporate wellness initiatives need to move beyond HR

For employers looking to attract and retain top talent, while decreasing the level of employee disengagement, offering the right mix for corporate wellness initiatives is critical. Fortunately, there are multiple ways facility management providers can help reduce stress levels and the daily challenges employees are facing.

Possible ways facility management providers can affect workers’ work-life balance include:

weight-loss programs that address physical health
meditation programs that sharpen mental focus
flexible work arrangements
being more accommodating as to where employees may carry out their work assignments
focusing on the quality of the work environment (reducing noise levels, designing and implementing more private areas)
the introduction of other amenities such as fitness rooms, day care centers etc.