Wellbeing: Step 5 of the Employee Life Cycle
If you are new to our Employee Life Cycle series, click here to go back and begin at Step 4 Policy, or read on for Step 5 Wellbeing.
Active health and wellbeing in the workplace
Many organisations are now implementing programs to proactively address and manage health and wellbeing in the workplace. They recognise the tangible value which flows from creating a workplace where people are healthier, happier and enjoy a better work-life balance.
A study undertaken by Medibank Private revealed that organisations, that implement health and wellbeing strategies in the workplace, can;
- Reduce their employees’ health risk factors by up to 56%.
- Achieve productivity gains of up to 15% by upgrading the workplace environment.
Getting workplace health and wellbeing right today
The key to success resides in firstly establishing formal commitment and resource support of the development of a structured and policy-driven program.
Next comes understanding the WHY and identifying the needs and preferences of employees to ensure the program will address the health and wellbeing issues and needs of the workforce.
The implementation needs to be well planned and desired achievements clearly communicated; including timelines and the key initiatives for both immediate and longer-term implementation, as well as mechanisms to benchmark and assess progress.
Keeping up with workforce change
The challenges and opportunities of new technologies and digital disruption suggest the need to proactively review policies and practices, to ensure they continually deliver and promote positive health and wellbeing, throughout the workforce today and into the future
Scheduled evaluation to measure the impacts and merits of health and wellbeing programs will help determine their appropriateness and effectiveness and identify improvements needed to meet the needs of a changing workforce.
We can help
Employee Metrics can assess and evaluate the key dimensions of the workplace environment which contribute to positive workplace health and wellbeing.
Step 5 Wellbeing: Meeting the legal requirements regarding workplace health and safety.
Employee Metrics diagnostic platform walks you through a detailed assessment, supported by an experienced HR Consultant. It generates a detailed report of your position across the 9 steps of the Employee Life Cycle.
Watch out for next week’s Employee Metrics article;
Step 6 Training: Reduce risk by conducting effective training.
