If there’s anything the events of the last two years and the ongoing impact of the Great Resignation have taught employers, it’s that they need to shift their focus to better accommodate employees – and their mental and physical wellbeing.
Building and sustaining a company culture focused on holistic wellness should be part of every company’s recruiting and retention strategy.
Forward-looking employers are heeding this reality, and it’s not surprising that the global corporate wellness program market is expected to increase exponentially in the next few years.
According to recent research, 90% of employers are upping their investment in mental health wellness programs. PwC found that financial or money challenges are the leading cause of stress among workers. This financial stress lingers with employees while on the job. The Workforce Institute at UKG noted 53% of workers believe financial stress distracts them at work, impacting productivity and thus prompting the employers to address the underlying financial stress of their workforce.
The concept of corporate wellness is understood as any workplace health promotion activity or company policy geared to support healthy behaviors on the part of employees. The goal is to improve employees’ mental and physical wellbeing, which will contribute to building a productive, motivated, and engaged workplace.
Here are some specific interventions that a typical corporate wellness program might include:
Inclusivity is a hallmark of any good corporate wellness program. In every organization, there will be people performing different roles and people with different levels of physical and mental health. So, it’s important that everyone feels included and accepted.
Corporate wellness programs hold the promise to deliver benefits to both employees and employers alike. Let’s take a look at some of the most compelling ones:
Today, job seekersare looking for more than just a good salary; they’re also interested in understanding what company benefits prospective employers can offer them.
A new study found that the highest rate of resignations occurs among older workers between 40 and 60 years of age. These workers say they’re seeking less-tangible benefits such as flexibility with pay and scheduling from their employers.
A comprehensive wellness program can pay dividends to employers in the form of reduced healthcare costs. It’s pretty simple: when you improve the health of your workforce, people are less likely to fall ill or be injured on the job.
That means employees will need medical care less frequently, saving both them and your company money in healthcare expenses.
A company wellness program can improve the morale of your entire team. When people feel supported and encouraged in pursuing their health and wellness goals, they’ll feel more valued by their employer and happier overall.
When employees feel mentally and physically well, they’re generally more creative, more inclined to collaborate, and more likely to generate innovative ideas. And when they’re offered the opportunity to participate in wellness programs as part of team-based activities, they’ll strengthen their relationships and encourage one another.
This is particularly true when wellness activities take place outside of the workplace – the team bonding and camaraderie built will improve people’s level of communication and collaboration in the workplace.
Poor workplace productivity can have many causes. Sometimes people lack the skills they require to perform their tasks, or the work environment might be uncomfortable, unsafe, or distracting. Some people might be struggling with stress, fatigue, or other health issues. Others might simply be feeling bored, underappreciated, or isolated.
Human connection is important to all of us. Companies that hire deskless employees (such as retail workers, drivers, cooks, cleaners, frontline staff, and factory workers) need to be aware that the nature of these people’s work can easily lead to them feeling disengaged and out of touch with the rest of the organization. As many of these workers don’t have access to company computers, they often miss company news and communications, which can further aggravate feelings of isolation and make them feel “invisible.”
To illustrate the scope and scale of the problem:
Fortunately, technology-enabled corporate wellness initiatives can go a long way to improving these workers’ levels of engagement and ensuring they feel heard and valued. This, in turn, will positively affect their motivation and productivity levels.
If you’re seeking ways to ensure that you’re not excluding your deskless workers from your company wellness program, why not consider investing in a digital employee communication platform, such as Payactiv Connect?
Designed for businesses of all sizes, Payactiv Connect allows companies to communicate with their deskless employees easily. Our app makes it easy for you to share important information and push out real-time notifications instantly. mployees can connect with coworkers and swap shifts at short notice.
Here are additional benefits of Payactiv’s Connect platform:
Whether it’s announcing exciting new milestones, appointments, and company programs or notifying your employees of changes, your workforce has a way to stay informed and react to change faster.
With Payactiv Connect, you can easily send announcements or onboarding materials to employees at multiple locations.
Now, there’s an easy way to give your people more flexibility and control over their work hours through quick and easy access to your shift scheduling system via their smartphones. Employees can see scheduled and open shifts and request to cover them with just a few clicks. You can also incentivize difficult-to-cover holiday, weekend, or late-night shifts by giving your workers access to earned wages for the shift worked.
Employees can join existing Group Chats or create new ones to build a thriving community where everyone belongs and is a valued part of the team. You can also help your workers stay engaged and collaborate via Direct Chat.
Your employees spend much of their lives in your workplace, and emphasizing employee wellness programs is critical to driving business outcomes.
It’s also important to remember that employee wellbeing programs should continually evolve to meet employees’ changing needs and address the basic needs, such as financial wellness first. Payactiv is integrated with many HCM and payroll platforms and can give your employees a boost through on-demand access to their earned wages and an all-in-one digital wallet.
Today more than 15 million Americans work night shifts Employees working...
For many people, their first big purchase is their first car You need a vehicle...
* The Payactiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 877-747-5862, 24 hours a day, 7 days a week.
** Central Bank of Kansas City is the issuer of the Payactiv Visa Prepaid Card only and does not administer, endorse, nor is liable for the Payctiv App.
1 Standard rates for data and messaging may apply from your wireless provider.
Google Play and the Google Play logo are trademarks of Google LLC.
Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.