Work Life Balance

Employee stress has a very real physical and psychological element, but it also costs employers about $200 billion each year, according to a study by McKinsey. Moreover, Gallup statistics found that 75 percent of medical costs accrued by employees are preventable. From bringing down productivity to a rise in turnover rates, when employees’ wellbeing is disrupted, so is the workplace.

What is wellbeing in the workplace and why is it important?*

Workplace wellbeing is the combination of the office atmosphere, workplace culture, and how satisfied employees are with their jobs. It adds up to how an employee’s work impacts their health and happiness.

An employee’s wellbeing directly relates to their productivity levels, engagement with the company, and the financial cost to employers. Organizations with strong levels of employee wellbeing enjoy:

  • More productivity – employees who are satisfied with their job are 13% more productive according to a study by the University of Oxford’s Saïd Business School.
  • Better talent – companies with a reputation as a healthy workplace will attract top talent and hold on to high potential employees longer.
  • Customer satisfaction – workers who are happier at work will be more likely to go the extra mile for your customers.

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*Class Pass. (2020). 12 Ideas to Promote Employee Wellbeing in the Workplace. ClassPass.Com.

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