A Checklist for Effective Workplace Wellbeing
June 5, 2018 / Corporate Wellness
Employees are Disengaging
According to Dr. David Batman, International Occupational Health Adviser and Science Advisory Board member for Virgin Pulse, “The modern workforce is in a critical state, and the health and wellbeing of employees are suffering.” Recent research shows that a high percentage of employees are disengaged and working in sedentary office cultures, factors that are linked to lifestyle-related conditions such as diabetes and heart disease. This puts a tremendous budgetary strain on organizations; the Centers for Disease Control and Prevention (CDC) estimates that illness costs employers $225 billion annually in the US alone.
Organizations are also challenged with better engaging their workforces in an extended period of stagnant productivity growth. According to the Bureau of Labor Statistics, productivity has grown only .3% annually over the last 5 years.
A holistic workplace wellbeing program is a proven method to address and improve business outcomes.
Engagement Yields Proven Business Results
Dr. Ron Goetzel, another member of Virgin Pulse’s Science Advisory Board, has authored research that shows a correlation between companies investing in the health and well-being programs for their employees and stock market performance. In the 14-year period from 2000–2014, Koop Award winner’s stock values appreciated by 325% compared with the market average appreciation of 105%.