How does it affect me?
Keeping people well makes business sense for a number of reasons:
- Sickness absence is both a major cost and disruption, and absenteeism can be a symptom of deeper unhappiness. Absence has been estimated by CBI-AXA to have cost UK employers £12.2bn in 2004, or nearly £500 per employee
- Promoting work-life balance ensures the organisation maintains a diverse workforce, retains experienced staff and builds loyalty to the organisation
- Increasing workforce resilience – a combination of flexibility, attendance and motivation – ensures the organisation is better able to adapt to changing demands or unexpected challenges
- Morale and satisfaction are key to productivity, quality of work and staff retention
- Applying good practices around health and wellbeing at work helps resolve problems before they escalate and protects the organisation from legal challenge, avoiding the frustration and cost of employment tribunals or injury claims as a result of workplace accidents, stress, discrimination or bullying
- Fundamentally, the organisation’s approach to developing and retaining people depends on a workforce physically capable and psychologically willing to take opportunities offered to them.
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