Posted by Emily Guterres
You may have heard it before, “ HR is a cost center.” “What does your HR department do exactly?” At most times, the questions about HR’s value are not asked politely.
In 2016, engaged productive employees are the biggest investment and reap the greatest rewards. CEO’s are increasingly investing in health and wellness programs because it may be the single, most powerful enhancer of employee engagement. When business leaders recognize the remarkable benefits of a healthy workplace to the organization, they are more likely to commit the time and resources to support and implement the program.
A strategically designed investment in employees’ social, mental and physical health pays off. Better health often equals greater engagement. Research from Gallup shows that employee engagement is positively correlated with better health – engaged workers are less likely to be obese and have chronic conditions, as explained by Harvard Business Review.
Wellness incentives and benefits should not only be viewed as an-add on, but a strategic imperative. With an aging workforce and health care costs that are only rising. It’s that clear healthy employees are always more productive. Dale Carnegie Training reports that companies with employee-centric characteristics outperform those without by up to 202%.
So how do we empower our employees to be engaged and feel involved in the workplace?
Valuing People and Showing Them You Care
Dale Carnegie study shows that “employees want their managers to care about their personal lives and to take an interest in them as individuals, to care about they feel and support their health and well- being”. A manager’s abilities to lead and foster strong relationships with employees are key to helping employees perform at the highest possible level.
McKesson Canada in 2016 has shown that investment into employee wellness initiatives yields between 3-4x ROI within Canada, and 10-11x ROI in the USA (with about 15% participation in their active prevention programs).
Optimity has seen dramatic changes from hard ROI measures such as reduction to cost of designing and launching a program to cost savings from decreased claims and benefits cost. Not to mention the dramatic employee positive feedback in the forms of softer dollars: more productive hours, lower absenteeism, and improved engagement scores.
Investing in HR at every level
If you want to attract and retain top talent, you have to invest in employee development. Almost all employees can benefit from an employee development program. However, often times with the pressure of day-to-day business this often gets puts to the side. As a business owner, the ROI when investing in your employees is priceless.
By investing in your employees’ training and development in an organization, you see many positive outcomes. The benefits of employee development seem endless. It includes employee loyalty, engaged employees and most of all it helps attract and keep the greatest employees.
The same can be said about other value-adding coaching functions: wellness, productivity, and fiscal responsibility.
When it comes to building that long-term sustainable competitive advantage – fostering that aspect of growth is key to retaining talent at your workplace.
Overemphasize your investment in your employees, and never underestimate its impact on culture, costs, and profits. Not only will you see short-term changes in sick days, stress leaves, utilization of benefits, the report on motivated people working together as a highly-functional team is never short of positive.
Tell your employees you do care, help them stay engaged and feel passionate about their work, by doing this you will realize there is nothing that they won’t strive to achieve.
Optimity is standing up for employee investment and the outstanding results that come with it.
Where do you stand?