Since the COVID-19 pandemic started, there have been a lot of changes in the workplace working policies and employee wellbeing trends.
- Many companies shifted to hybrid or fully remote working models.
- Workplace health benefits are now a top priority for employee recruitment and retention.
- Lack of boundary between work and personal life has disturbed work-life balance, causing burnout.
- Employee expectations for flexible workplace culture and other comprehensive benefits have been in high demand.
- Worksite benefits like free snacks and games have become irrelevant now.
Despite the changes and flexible workplace culture, employee health and wellbeing have been immensely affected due to the stress and changed lifestyle habits. Employers are finding it difficult to engage employees, reflecting poor health and wellbeing, higher absenteeism rates, and higher healthcare costs. And so, many companies are implementing corporate wellness programs that can train and motivate employees to improve health and wellbeing, echoing better engagement, productivity, and overall workplace wellness.
Are Your Employee Benefits and Perks Working?
Until a few years ago, most companies offered gym memberships, healthy snacks, or reimbursements as corporate benefits and perks. While these can help to a small extent in building a positive workplace culture and workforce retention or recruitment, they might not really help in improving overall employee health and wellbeing. To get through their heavy workload and try to have a work-life balance, employees may revert to their comfort lifestyles, which may not be healthy.
Offering corporate wellness programs that constantly motivate and assist employees to follow healthy habits like a nutritious diet, physical activity, stress management, and more can increase the rates of employee engagement, retention, and productivity significantly.
However, many companies still think their employee wellness solutions are not giving the anticipated outcomes. In such cases, a few questions to be considered are –
- How many of your employees are prioritizing their health and wellbeing?
- How many employees are making sincere efforts to work out regularly?
- How many are committing themselves to improve their wellbeing?
- Are the programs offering the right employee wellness solutions?
Studies show that only around 5% of employees were sincerely engaged in their corporate wellness initiatives. If the employee engagement number rose to 25%, the healthcare costs savings will be better in the coming years.
Why a Mobile-App Based Employee Wellness Program can be Helpful?
With the changing workplace culture and policies, many companies are shifting to remote working systems. Although employees are spending less time at the workplace, they are not able to cut off from their work, despite being at home. While this has resulted in severe burnout issues, it has also impacted employee health and wellbeing. Also, many employees are quitting their stressful jobs and moving over to companies that practice pro-employee methods.
One of the key corporate wellness trends is offering workplace benefits and perks that are beyond medical care and reimbursements. Implementing employee wellness programs with access to various tools and resources can go a long way in improving engagement, reducing healthcare costs, improving retention rates, boosting productivity, and enhancing overall workplace wellbeing.
Although many organizations offer physical fitness and wellbeing perks, employees are expected to utilize them after working hours, making it more difficult to spend time with family or for themselves. A well-designed corporate wellness app that makes it easier to log their daily activities and brings all the wellness resources in a single place can make it easier for employees to prioritize their health.
According to the US Chamber of Commerce, every dollar spent on a well-designed employee wellness program can give an ROI of $1.50 – $3.00. So, even if your company is offering $70 gym membership perks to all the employees, are you getting the anticipated ROI?
Without having proper returns on the investment, investing all the wellness dollars can turn out to be disastrous. And so, it is high time employers looked into the details of the ROI of their employee wellness program to ensure workplace wellbeing and business growth.