Employee Wellbeing – A Safe Bet

Employee Wellbeing – A Safe Bet

July is election month, and some members of the Conservative Party have faced criticism for placing bets on the exact election date before it was officially announced. This controversy has sparked discussions about party ethics and the potential conflicts of interest they may present.

Those MPs may claim to predict the future, but for most of us, the power of foresight remains elusive. Without a crystal ball, businesses must rely on strategies grounded in evidence and careful planning. One such strategy is investing in employee wellbeing, which has proven benefits.

For businesses, having a clear vision and the insight to create a thriving structure and culture for employees is vital. When employees feel appreciated and valued, they become more productive, remain in their roles longer, and take fewer days off. Prioritising wellbeing initiatives that engage employees to improve their mental and physical health can boost productivity up to 40% (Vitality Health). However, many businesses fail to recognise this intrinsic link and miss out on these benefits.

By constructing a framework with initiatives that are educational, engaging, inspirational, and supportive, businesses allow employees to feel genuinely respected and valued. This approach isn’t just beneficial for employee morale, it also makes financial sense. With a potential of £5 return on investment for every £1 spent (Deloitte), focusing on employee wellbeing is a winning bet. So, while the future may be unpredictable, betting on employee wellbeing is an assured strategy for success.