Your employees should be considered the greatest asset to your company. The mutual investment each side makes can make or break a company. When employers prioritise their employees' health and wellbeing and measure their success, these companies can quantify the increased positive outputs for their business. In some cases, the return on investment was equal to five times the amount they invested. Conversely, when workplace wellness is low and left unprioritised, it can negatively affect productivity, presenteeism and absenteeism.
What Makes an Effective Health and Wellness Program?
An effective health and wellness program combines education, awareness and dedication to make great changes on your employees.
Why workplace wellness programs can be effective
Workplace wellness programs can be very effective in improving employee health and reducing potential health risks. Workplace wellness initiatives can also increase employee morale, loyalty and retention, and business productivity. A clear connection exists between supporting your employee’s health and how your business performs. An effective program takes care of your workplace’s total wellbeing.
Designed by Healthcare Professionals
The first thing to note when selecting a health and wellness program is that not all have been designed by health professionals. The KYND program, for example, has been designed by healthcare physicians, such as doctors and clinical psychologists.
The range of health survey questions is based on recognised clinical assessments like DASS-21. This ensures the highest relevance to each health metric you are assessing.
Educational and Empowering Content
Programs that are personally supported by clinicians and thought leaders in the form of inspirational talks, one on one consultations will ensure education is at the forefront of your program and resonate clearer compared to relying on software on its own.
A program that is easily accessible, centralised and engaging is a key consideration when selecting your wellness program. At the end of the day, it’s the individual who needs to make changes to improve their health and wellness, what organisations can do is set them up for success with platforms that are resource rich, empowering and supportive.
Insights and Recommendation
The employer should be able to receive feedback from their program, as we all know, to manage something, you need to measure it first. Dashboards are a great way to do this, andshould be a centralised hub of information, enabling the employer to understand how many people are engaged in the program and how each criteria is tracked over time – ensuring easily accessible quantifiable data.
This data should educate the following steps to ensure the correct health and wellness campaigns are implemented to help improve the key needs.
The Steps to Measuring ROI on Your Workplace Wellness Programs
The first step to measuring ROI on your workplace wellness programs is to have a clear understanding of what you want to achieve.
Next, you need to decide how you will measure the ROI. You can do this by using a variety of metrics such as health outcomes, financial savings, and employee engagement.
Lastly, it is vital to establish a baseline for each metric before any changes are made.
Understanding the why
It is important first to determine why your business needs a wellness program and what outcomes you want to achieve.
Laying down clear goals will help you understand what is most important for your business to accomplish on its wellness journey, whether reducing healthcare costs and employee health risks, boosting workplace productivity or improving employee retention. This will likely be tied to your company’s mission and ideals. Remember, change and measuring the effects of change take time and patience. Just like creating healthier habits for yourself takes time to see the benefit, the same is true for workplace wellness programs. Rome wasn’t built in a day!
Determine the focus points
The next step is to define the metrics you want to observe. These will be based on the desired outcomes of the wellness programme. For example, if one of the goals of your wellness programme is to reduce absenteeism and presenteeism, you should aim to get some clarity on what could becausing these issues to occur. It could be uncontrolled diabetes in the workforce, which regular employee health screening could detect. It could be burnout, which personal consultations and access to EAP may positively influence.
By determining which key metrics you would like to improve upon and benchmark productivity metrics before rolling out programs, you create a control by which you can assess the effect of the change. Without this, you will be unable to determine your investment's effectiveness accurately.
Determining one key area of improvement to track at a time will allow you to measure the changes in your workforce more effectively.
Report back to your employees
It’s important to remember, nothing is more demotivating that asking people for feedback/to engage in a program, gathering insights, and then doing nothing about it. Ensure that with the information you collect, you report back to your employee’s, explaining you see their challenges and outline the improvements the organisation is striving to make based off that feedback. This helps employees to feel heard, seen and more likely to engage in their wellbeing program.
Why Measure the Effectiveness of Health and Wellness Investments?
For the justification of the ROI of health and wellness programs, it is recommended to employ a method for measuring its success.
With investments ranging from $30 to $3000 per employee, understanding how cost or actions affect the performance and wellbeing of your team allows you to improve your future activities and justifies the continuing investment.
The impact of productivity loss on your business
Within workplace productivity studies, there is a wide range of estimates on how much of the working week is lost when an employee has impaired mental wellbeing – from 6% to 36%, illustrating the complexity and range of severity of mental health in employees and industries.
Measure productivity loss
Understanding how to measure the productivity loss in your company begins by looking at two factors; presenteeism and absenteeism.
A 2008 study conducted by a clinical psychologist, George E. Hargrave, estimated that presenteeism accounted for 80 per cent of the productivity loss, and absenteeism accounted for the remaining 20 per cent.
In some industries, tracking productivity is relatively simple. For example, within call centres, sales and manufacturing environments, productivity is all based on KPIs of output. However, if you are struggling to measure presenteeism, that is where well-defined health and wellness programs can help you see potential growth when establishing initiatives to help improve employees engagement.
Prevent productivity loss
Sophisticated programs like KYND Wellness can help you monitor the mental wellbeing of your team to assess your overall team’s mental health and detect early warning signs before they turn into sick days.
This is important for an employer as it is often only when absences occur that an employer takes action. With preventive measures in place, poor mental wellness in the workplace can be monitored and situations rectified before you see a more lethal blow to your bottom line.
How a Health Application Can Support Your Employees to Gain Better Wellness
By using a health application like the KYND app and implementing an employee wellness program within your workplace, you will be on track to cultivating a healthier, more productive mindset amongst your employees.
The health application, when used regularly, can be a central hub of information and education to pass from employer to employee.
Health campaigns can be crafted specifically to address needs within the business picked up by the app's data. By empowering your team to use the app, you have quantifiable data to confirm its impact on their health and wellness.
A successful wellness program should:
- Decrease presenteeism and absenteeism
- Be user-friendly, educational and guided by clinical professionals
- Promote positive change and the investment you are making in your employees
- Analytical, giving clear indications and recommendations of the overall trends and isolating key issues that can be addressed.
With each unique business and culture, KYND Wellness works with you to design a program that will make a marked difference in your organisation. To help improve physical, mental and social health and support you by measuring your investment in your team.
Get in touch to find out more about our employee wellbeing programs
Prioritising the health and wellbeing of your most valuable assets can only be seen as a net gain for your business. Improved wellness at work will not only create a happier, healthier work environment but also increase overall workplace productivity.
Contact us today and we can discuss getting a personalised program for your business on board the KYND Wellness employee wellbeing program.