Wellbeing in the Workplace: Why Employee Engagement Matters (Optimity Webinar Recap)

Posted by Tasneem Panchbhaya 


We had a great webinar in May, in honour of Global Employee Health and Fitness month. I sat down with Optimity’s CEO, Jane Wang, to talk about how to promote best practice tips in the workplace to promote employee engagement. You can watch the full webinar here. Here are a few key takeaway points from the webinar:  

Employee engagement is the number one problem to solve; with absenteeism and productivity as the second top concern for HR leaders.

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We took a quick poll at the start of the webinar to see what some of the leading issues were in the workplace, and it turns out employee engagement was a huge concern for 77% of our attendees, so our webinar topic clearly hit home with a lot of people.

With growing focus on employee health, corporate wellness programs are increasingly becoming the order of the day. Research shows, that those individuals who exercise frequently, stayed home from work on an average 2.11 days fewer annually and had 31% lower health care costs than individuals who didn’t exercise regularly. These numbers alone stress the importance of setting up corporate wellness programs.

Almost 50% of medical costs are incurred due to illnesses that can be avoided with small lifestyle changes. Corporations have begun to realize the importance of healthy employees and are working to encourage employees to lead increasingly healthier lifestyles.

One of the studies we discussed in the webinar by Aon Hewitt, established that successful employers make employee engagement a business priority. When employers care about their employees, the employees respond with a better rational and motivation. This leads to 20% increase in engaged employees. When putting this number into context, it means if an organization has 30,000 employees, then there are 6000 employees who are going above and beyond with their jobs to serve their customers and drive efficiency. The graph below reflects these stats, where there is roughly a 20% gap between “best employers” and others (employers who don’t prioritize employee engagement), and we can see the difference in how much more successful the organization is when employee engagement is at the top of the employers agenda.  

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Organizations know that wellness programs are key to addressing employee issues, which is why more than half the organizations already have wellness programs.

wb chart-2With the second poll that we took, it clearly supported the new industry norm of wellness programs being a prominent addition in majority of workplaces, with 77% stating they already incorporate a wellness program in their organization.

 

Wellness programs don’t just benefit employers, it also supports the needs of the employees, some of which are:

●  Improving their physical strength, stamina, and general well being
●  Improving their focus at work
●  Increasing job satisfaction and fostering a positive outlook on life
●  Bettering relations with co-workers and supervisors  

An effective workplace wellness programs is the backbone to improving engagement in the workplace. Gallup’s most recent global research finds only 13% of employees worldwide are engaged at work, and according to the latest State of the American Workplace report, just 33% of employed residents in the United States are engaged at work.

Here are two important facts that came about a study done by The Corporate Leadership Council on employees performance and retention:

  • Engaged companies grow profits as much as 3X faster than their competitors.
  • Highly engaged employees are 87% less likely to leave the organization.

Other key findings were that:

  • A disengaged employee costs an organization approximately $3,400 for every $10,000 in annual salary.
  • Disengaged employees cost the American economy up to $350 billion per year due to lost productivity.

All these key findings suggest that if companies want to boost productivity and profitability, customer loyalty, and bring down attrition and disengagement losses, they need to start engaging employees.

So you may be wondering, what’s the solution, especially if more than half of organizations have already incorporated a wellness program, why is engagement so low? Well the problem and the solution lie in the approach to wellness. A lot of the organizations are still relying on traditional approach to wellness programs, and that’s not to say they’re not good, they’re just not as effective in getting high participation and and sustainability. What successful organizations are doing is going digital.

Non-traditional approaches to wellness are still the most common route used by many organizations. 

wb chart-3The last poll we did during this webinar was to see how our attendees faired with using a digital wellness tool. Although a few have had the chance to implement it, more than half do not, and this just shows why only a handful of organizations have such great engagement rates, they’re implementing wellness programs the right way, the digital way.

One of the main reason’s why a digital wellness program is so effective is with their use of a dynamic and innovative health risk assessment (HRA).

An effective HRA allows the wellness program to understand the nuances of an individual’s statistical situation by collecting their key biometric data and health information. With the rise of artificial intelligence (AI) we’ve now been able to integrate a wellness system to take information from the HRA and use it to automatically create a tailored program for the individual. This approach customizes, and tailors the program to the individuals needs which is a huge leap forward from traditional approaches that focuses solely on fitness and nutrition, and requires on site attendance for wellness programs. The digital approach gives the individual the power to create true and meaningful change. 

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To learn more about implementing a successful wellness program that increases engagement, be sure to check out our webinar, where we also go over our top 3 best practice tips that you can implement in your workplace, even if you don’t (yet) have Optimity.  

A comprehensive corporate wellness programs have proven to be beneficial and cost effective to the employer as well as the employee in the long run. If you’d like more information on implementing a successful wellness program, please reach out to us at engage@myoptimity.com.  

Or sign up here to start leading a healthier life and claiming rewards!

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Small Changes for Health Improvement

Originally posted at vivametrica.com

More than ever chronic or non-communicable diseases (NCDs) pose significant health risks to our populations. At the same time technology, particularly mobile technology has become prevalent in society. Smartphones and related apps are demanding more and more of our attention. A study by Kleiner Perkins Caufield and Byers found the average user checks their phone close to 150 times per day. A separate but related “Mobile Mindset Study” looks at how mobile has changed our lifestyles, behaviour and even emotions. That is, mobile has become an extension of our reality, with a large number of people constantly connected, “Nearly 60% said they don’t go an hour without checking their phone.”

While mobile has pervaded our lives, wearables still have yet to capture our full attention. The potential for wearable technology in Health and Wellness is considerable, however user retention is low. According to Rock Health, There are likely two major contributors to the attrition and rapid engagement decay rates noted in many other surveys. First, 28% of individuals are receiving wearables as a gift; and second, of those who purchase, 25% cite that they are doing so as an experiment. The implication of the second reason is that they do not set out with long-term ownership interest.” Wearable devices are currently in an “experimental” stage, as consumer awareness is high, but understanding the value of, and behaviour change centralizing around wearables has not adopted as it has in the case of mobile devices.

Health Improvement through Wearables

Wearables need to communicate their true value, which is a source of continuous, objective data. In this sense, devices have to go beyond simple monitoring and reporting functions in order to provide valuable information to the user. Analytics are one way to achieve this. Beyond machine learning algorithms, our team of data scientists have developed models unique to health improvement through small, measurable changes.

Vivametrica Founder and CEO Dr. Hu who is an orthopaedic surgeon has applied our technology to real life patient scenarios. In this case, the patient came to Dr. Hu regarding back pain. Dr. Hu asked the patient to use a wearable device and noticed the patient’s step count was 300-1200, well below the 8500 steps suggested for the patient’s age and gender. With encouragement from Dr. Hu, the patient was asked to increase his steps by 100 per day. As the patient’s steps increased, back pain decreased and surgery was avoided. Vivametrica has developed algorithms that can predict the risk of back pain based on activity, which is just one of the models we have based on wearable device data.

In order for wearable devices to have the same impact on society as mobile, they must first create value and have significant, meaningful function in the eyes of the user. Moreover, change has to be tailored to the individual; a generic 10,000 daily step-count recommendation simply won’t do.

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