What are the benefits of taking part in the Workplace Wellbeing Charter?
There is a growing body of evidence to show the financial benefits enjoyed by organisations that implement well-being programmes, including reduced sickness absence, improved productivity and reduced staff turnover.
With employers and employees bearing the burden of sickness absence costs, and the economy losing the output of those who are not in work, it’s in everyone’s interests to improve the health and well-being of working age people. According to the Office of National Statistics 131 million days were lost due to sickness absences in the UK in 2013.
The Chartered Institute for Personnel and Development seems to agree, pointing out that the high costs of absence and ‘presenteeism’ highlight the value of a strong focus on managing health for all organisations. Effective communications with employees and line managers to identify threats to well-being and a robust understanding of the causes of absence are an essential part of this to ensure effective and timely interventions.
‘For many employers, the costs of ill-health, which, given the ageing population and the increase in chronic disease, will only grow in the absence of intervention, is enough to justify a comprehensive wellness scheme’.
PriceWaterhouseCoopers LLP, Building the Case for Wellness (2008)