ProspHR Solutions brings the human as well as commercial focus to HR. A common area that can be overlooked as an asset to boost revenue is wellbeing. Historically associated with employee benefits, employee wellbeing strategy has advanced beyond token gestures of free fruit and the day off on your birthday.
Investing in a structured workplace wellbeing strategy will give you a great financial return in many ways. We explore them in this article.
Enhancing Productivity
If your teams are full of employees who are overwhelmed and stressed, their productivity is going to be impacted. They may not be as focused or creative as they were. Invest in wellbeing to give your employees practical support that they can use when they need it most. When employees are happy, supported, and feel well physically and mentally, they can perform at their best. And that’s where you’ll see a boost to productivity.
Strengthen retention
Employees who can see a company investing in their wellbeing may be more inclined to stay there long-term. It shows a commitment to the individuals who are working hard and initiatives like offering professional development can help to retain top talent. The company then avoids the time and financial cost associated with recruiting and training replacement employees.
Attractive company culture
Employees are evaluating potential employers on more than salary and benefits. They are researching companies that clearly prioritise employee wellbeing and invest in it strategically. The wellbeing of their colleagues will impact the culture they could potentially be working in. If that culture is known for being supportive, positive, engaging and motivating, it could be the deciding factor in a competitive market.
Defining a wellbeing strategy
There are no-size-fits-all when it comes to wellbeing strategy – it should be tailored to the company. Working together with the senior leaders, ProspHR Solutions can identify the right wellbeing initiatives for your organisation and help you with implementation. We’ll involve your valued employees throughout the process.
Book a Prosperity Call today to find out how ProspHR Solutions can help your company to leverage its people power, and drive productivity whilst creating an engaged workforce.
Contact us today at helpmybusinessthrive@prosphrsolutions.com or call 0345 548 2124.
