The Wall Street Journal recently wrote about the importance of workplace wellness, commenting that ‘productivity losses from health-related matters cost American businesses tens of billions annually’.
The Australian experience is no different. According to a position statement by The Royal Australasian College of Physicians called “Improving workforce health and workplace productivity: A virtuous circle”, the costs of an unwell workforce are ‘spread across many diverse systems: sickness absence, worker’s compensation, loss of employees’ discretionary effort, healthcare costs, staff turnover, private insurance arrangements, social security, and early retirement.’
Human resource and talent professionals know this and are often finding ways to highlight the need to be proactive about employee wellbeing. Costs of recruitment alone make a workplace wellness focus a smart economic and business strategy.
For executives who are concerned that a focus on wellbeing has no sound basis, the World Health Organization describes the relationship between health and workplace productivity as a virtuous circle, stating “there is no trade-off between health and productivity at work. A virtuous circle can be established: improved conditions of work will lead to a healthier work force, which will lead to improved productivity, and hence to the opportunity to create a still healthier, more productive workplace” (Wilkinson R & Marmot M (eds) 2003. Social determinants of health: the solid facts (2nd edition). Denmark: World Health Organisation.)
When your staff are well, your organisation is well. Investing in employee health can reduce overall costs by decreasing turnover and increasing retention of organisational knowledge.
If you have employees experiencing stress, grief, pain, substance misuse, dependency or trauma, The Banyans can provide a confidential destination offering a rich, serene environment to rediscover health and wellness. Designed for integrated restoration, and with an expert team of therapists, health practitioners and wellness coaches, The Banyans Health and Wellness Residence is a place where body and soul prosper in an environment of rest, wellness and inspired living.
Call us now on 1300 BANYAN (1300 226 926) or email firstname.lastname@example.org for a confidential discussion about how you or one of your employees can benefit from The Banyans.