The last month has held a lot of travel for the team here at Lighthouse. From Unleash in Las Vegas to the HR Technologies UK event in London to the Responsible HR Forum in New York City, it’s been a whirlwind. It’s easy in those times to try to focus on productivity at all costs, but the truth is that increased stress and the associated wellbeing costs can limit productivity and performance. According to our latest mental health and wellbeing study, employees said that support of their wellbeing leads to these outcomes:
- Increased Productivity: When employees are happy and healthy, they are more productive. They are able to focus on their work and complete tasks efficiently. This, in turn, leads to higher levels of output and increased revenue for your business.
- Reduced Absenteeism: Employees who are not feeling well or are stressed are more likely to take time off work. This can lead to decreased productivity and increased costs. By prioritizing employee wellbeing, you can reduce absenteeism and ensure that things are running smoothly.
- Improved Retention: When employees feel valued and supported, they are more likely to stay with your company for the long-term. This reduces the costs associated with recruiting and training new employees. By investing in employee wellbeing, you can create a positive work environment and increase employee loyalty.
- Positive Company Culture: A company that prioritizes employee wellbeing is likely to have a positive company culture. In fact, our latest research on Performance, Engagement, Culture and Business Impact clearly indicates how culture influences and intersects with a variety of important talent practices from communication and performance to feelings of belonging and appreciation at work.
Want a more visual example? Check out the infographic below.
Bottom line: the wellbeing of your employees matters. By investing in your employees’ health and happiness, you can increase productivity, reduce absenteeism, improve employee retention, and create a positive company culture. So, make sure to prioritize employee wellbeing in your business strategy and watch as it pays off in the long run.
George Rogers is the Chief Culture Officer at Lighthouse Research & Advisory. His research focuses on culture, mental health, inclusion and belonging, and leadership. He is a sought after speaker and expert on creating inclusive, inspiring workplaces.