Health & Wellbeing | Why Health and Wellbeing Should Be a Renewed Focus for Your Organization
The Covid-19 pandemic has presented a host of workplace challenges for employers and employees alike. In particular, the welfare of employees and their support needs have changed and grown well beyond pre-pandemic levels.
In November 2020, a report from McKinsey showed that globally 62 percent of employees now considered mental health issues to be a top challenge during the pandemic.* It is becoming increasingly clear that organizations should prioritize addressing these issues, and without doing so they could see a negative impact on their workforce and business overall.
- Employee motivation and productivity
There are a number of business costs associated with not addressing employee health and wellbeing, with motivation and productivity being top among them. When employee mental health needs go unsupported at work, there is likely to be a related impact on their ability to perform in their role. With the recent rise in pandemic-related mental health issues, this has become a key area of focus for employers.
- Employee satisfaction
Showing concern for the health and wellbeing of your employees is likely to make them feel valued. This may be particularly true when working remotely, as so many of us have had to do during the pandemic. With the absence of face-to-face contact, checking in on the health and wellbeing of employees and providing appropriate support is more important than it has ever been.
- Shifting expectations within the labor market
The Covid-19 pandemic has provided an opportunity for people to view their employment through a different lens. With many experiencing remote working for the first time, or feeling the burden of additional home-life stresses, employees now have different expectations of employers when it comes to their work environment and the ability to achieve reasonable work-life balance. Without addressing the issue of health and wellbeing, organizations may find themselves significantly less competitive when looking to hire and retain top talent.
By refocusing efforts to prioritize health and wellbeing, employers can ensure that they are meeting the needs of both their current and future employees, with lasting benefits for their organization as a whole. In recognizing the value placed on enhanced health and wellbeing support, businesses are likely to see a significant return on their investment.
If you need help developing your approach to employee health and wellbeing, we’d love to talk with you! Please contact us today to schedule a conversation.