The benefits to you as an employer
Recruitment and retention
A key growth driver for any business is the ability to recruit and retain great staff, especially in today’s current climate. Supporting employees by providing health initiatives and other additional benefits will really stand your organisation out among your competitors when it comes to attracting the right individuals for you.
Health and wellness programs can make an influence employees design to join and organisation. Talented, skilled and committed candidates are looking for an employer that will not only provide a competitive salary but will also demonstrate a commitment way beyond the monthly pay.
One recent survey demonstrated that 87 percent of employees said they consider wellness benefits when considering an employer. If you’re a small business, the health and wellness options you provide might be the deciding factor in a candidate accepting a job with your organisation instead of with a competitor. While there are associated costs with providing a health and wellbeing strategy however when it comes to recruiting, there’s also a cost of doing nothing. If an applicant expects an employer to have a wellness program but finds out you don’t offer one, that applicant might not be willing to take the job.
Forward think companies are now aware that their engagement of their employees is a metric used by their customers and society of how they are measured.
Employee engagement is the degree to which an employee is emotionally attached to their job, and this attachment can a have positive and negative impact on their happiness, morale and productivity when at work.
Ensuring that your staff are valued will give employers bigger rewards in terms of commitment. lunchtime walking clubs and simple things like suggestion boxes, water spouts and access to nutritious foods can add to how your employees perceive and interact with you as a company and your customers.
Positive Return on Investment
A happy business is a successful business. Health and wellbeing strategies can develop systems to ensure your employees are getting the right access to the right support. There are numerous research and evicdence that demonstrates how increased workforce happiness can lead to increased productivity which, in turn, will benefit your bottom line and reduce your sickness and absence rates.
Improvement to the Company’s Reputation
Demonstrating how you care about your staff is a considerable lever and will portray to customers and potential business partners that you are an ethical business that does things professionally and in keeping with high standards and guidelines. Good employment is good for your business physical and mental health and wellbeing and employers are in an excellent position to support and improve these. it makes good business sense.
There is also a direct financial benefit of offering health checks for employees because health checks are classed as a capital allowance as part of capital expenditure. This means an employer can offset the cost of health checks against tax while employees do not have to pay tax either as health checks are a non-chargeable benefit and therefore exempt.