With so many of my colleagues on their last leg of a “dry January”, I have been reflecting lately as to why this month is so often seen as a gruelling one. As this report highlights, with over 9 million working days lost due to work-related stress, depression or anxiety in the UK, there is an increasing need for organisations to focus on wellbeing in the workplace.
This is a great example of how five key steps to improve physical environment and a focus on employee wellness can have a positive impact on employee morale, engagement, retention and productivity.
It’s important to highlight that wellbeing strategies that focus only on physical and mental wellbeing are missing a key piece - financial wellbeing. Without it, overall wellbeing cannot be achieved and worrying about money can also impact mental and potentially physical health.
A focus on financial wellbeing is becoming even more important with the rise of defined contribution pensions, increasing longevity and the increased responsibility this places on all individuals to take control for and plan their finances for today and for their future.
As our 2017 wellbeing research shows, 19% of employees have lost sleep due to money worries and one in four employees say that financial concerns affects their ability to do their job.
Financial wellbeing is an increasingly important focus for organisations who want to make a difference for their people and to their business so it must be included in wellbeing strategies for holistic wellbeing to be effective.
Detoxify the workplace to improve employee wellbeing and productivity Not enough focus is being given to wellness, and organisations that do not prioritise employee wellness will lose talent and potentially face bottom line repercussions. This is according to AECOM, which is urging organisations to “detoxify” their work environments to improve employee wellbeing. With 9.9 million working days lost due to work-related stress in Great Britain in 2014/15, employees’ health and happiness can have a direct impact on business performance. Nicola Gillen, Global Practice Lead – Strategy+, AECOM, said: “The link between employee wellbeing and the built environment must not be overlooked in the drive to increase efficiency and the bottom line. Redesigning and reimagining the workplace to better support how work is done now and in the future not only enhances wellbeing, it also improves performance and productivity.”