Wellbeing - good for people & the bottom line
Senior management are gaining an increasing realisation of the costs that a lack of well-being produces. Wellbeing is being recognised as not simply a nice to have but as a significant performance-driver and as such the case for wellbeing programmes is compelling (see below).
Well-being programmes deliver huge return on investment (ROI)
They can improve leadership skills, employee engagement, stress management and resilience, as well as lower staff absenteeism and presenteeism and staff turnover.
Our programmes are designed around integrated principles of wellbeing and leadership as they go to the heart of human performance; by definition they enhance sustainable wellbeing.
These include frameworks such as positive psychology, The Six Pillars of Resilience, emotional intelligence, executive coaching and a consistent promotion of self-management,
At EQworks, we understand this and help organisations build sustainable leadership which means continually assessing the long-term well-being of its people as these are the overarching drivers for sustainably high-performing organisations.
We assess well-being needs, your organisation's stress-points and work with you to build programmes that deliver long term well-being and performance. Here are some cost estimates for some of UKPLC's well-being issues.
Absenteeism - Cost to UKPLC estimated at £16 billion per annum (CBI Absence and workplace health survey 2010)
Presenteeism- Cost of £50 billion per annum (The Business Case for Employee Health and Wellbeing. Stephen Bevan. The Work Foundation, February 2010).
"The biggest problem workplaces face is not absenteeism but 'presenteeism' where workers come in when they are too ill." (TUC leader, Brendan Barber MAY12)
Work-stress – At least 10% of GDP is lost due to stress related illness. (2 Stress and Mental Health in the Workplace. MIND week report, May 2005).
Work-Stress is now the single greatest cause of absenteeism above back issues (CIPD, DEC11)
Increase in stress – Up 65% in 3 yrs. People more prone to illness than 3 years ago (Britain Under Pressure Report. Friends Provident, November 2008)
Want a closer look at Well-being and its effect on performance?