WHAT IS WELL-BEING?
This might seem an easy question to answer but very few organisations get it right.
Research shows that employee well-being is more than just people’s medical health. Employers who confine their approach to conventional health factors such as weight, nutrition and exercise miss critical clues on how to optimise a healthy and productive workforce. Taking a more holistic approach can reveal the true costs of impaired health which have previously been under-estimated.
What is the cost of NOT supporting employees’ well-being?
- Average cost of sickness absence each year = £1,500 per employee
- UK annual cost of sickness from mental ill-health = £8.1 billion
- Average number of days lost to stress, anxiety or depression = 24 days per case
We define employee well-being as:
“That part of an employee’s overall well-being that they perceive to be determined primarily by work and can be influenced by workplace interventions.”
Our research shows consistently that employee well-being includes advancement, managerial and physical workplace considerations, as well as people’s physical and psychological health.
Conservative estimates show that the burden of impaired health equates to 15% of payroll. Despite this, less than 10% of organisations know their cost to benefit ratio on health.
“That part of an employee’s overall well-being that they perceive to be determined primarily by work and can be influenced by workplace interventions.”
Our research shows consistently that employee well-being includes advancement, managerial and physical workplace considerations, as well as people’s physical and psychological health.
Conservative estimates show that the burden of impaired health equates to 15% of payroll. Despite this, less than 10% of organisations know their cost to benefit ratio on health.
Find out what your annual costs of ill health are.
Complete the fields below to get an estimate of direct and indirect costs. You can look at sickness absence, presenteeism and attrition costs (or just select those you are interested in). Simply replace the example values below with your own figures.
Impaired Health Calculator
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