As the years roll by, it can be easy to see your employees as providing your business with work that they are reimbursed for, and nothing more. That’s especially the case if you are in charge of a large team or your company has grown by leaps and bounds since you first opened your doors.
However, it’s extremely important to take a step back and remember that your employees aren’t machines. Their health matters, not only because it’s the right thing to care about your employees’ physical and mental health, but also because caring for your employees’ health can impact your business in multiple ways.
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1. It Can Improve KPI’s
Source: gb-advisors.com
Workforce KPI measurement tools, like the software offered by Aquant, can drive meaningful change in your business. You can determine things like:
- First-time fix rate
- Mean time to resolution
- Mean time between failures
- Service cost per work order
- Net promoter score
The question is, if you aren’t happy with the findings you uncover, what to do you do? There are many changes you can make to your business, but you’ll find that setting goals to improve employee health can greatly impact your data.
When employees feel well, both physically and mentally, you’ll find that they spend less time on work orders, they complete their duties more efficiently, and they are more likely to bounce back quickly after a failure or a mistake.
2. Fewer Absences
It’s important to offer your employees sick days. You don’t want them coming into work ill and getting everyone else sick, after all! Some employees will always need to take some days off, but those days can really add up. Businesses spend 576 billion dollars every year on sick days and workers’ compensation.
If you are proactive and support the health of your employees by not overworking them and giving them access to professional health services, like exercise equipment and dieticians, you’ll find that they use their sick days less often. You can potentially save thousands of dollars every year on each employee.
3. Increased Productivity
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Productivity is what drives your business. It ensures you meet customer needs quickly, it helps your company overcome internal challenges more quickly, and it can grow your business quickly. There are many ways to increase employee productivity, but one of the best is to make sure your workforce is healthy and happy.
A great place to start is to make sure your employees get plenty of rest. Encourage your employees to take multiple breaks throughout the day so they can return to their desks refreshed, and discourage them from staying late and working overtime regularly.
Although having key employees on vacation sounds like it would result in the opposite of productivity, it’s actually the case that taking time off enables employees to return refreshed with new ideas. If your employees have vacation time to take, encourage them to take it, and watch their productivity grow!
4. Lower Health Insurance Costs
Health insurance costs are increasing every year. It’s nearly impossible for individuals to cover these costs. It’s important for you to continue offering health insurance to your employees, but that doesn’t mean you have to keep paying more and more every year.
Healthy employees use their health insurance policies less, which saves both them and you money. In addition, if you can prove that you have certain programs in place, you can reduce costs with your insurance provider. Offer health programs to employees and provide them with access to a gym and you will see company health insurance costs go down.
5. It Helps Employee Retention
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Employee retention is important, but that doesn’t mean it’s easy. It can be hard to keep top talent, but if you create policies and provide resources to employees that support their health, they are more likely to stick around.
That includes a comprehensive benefits program with health insurance, dental insurance, and vision insurance, but it also includes your attitude towards health-related matters that come up in the workplace. If an employee knows they can come to you with a personal or family health matter and they will be treated with compassion, they are more likely to stick around.
6. It Creates a Culture of Care
The culture of your business influences the way your workplace feels. Workplaces that don’t support or don’t care about employee health can be uncomfortable. Employees may be afraid to talk to supervisors about health problems, they are more likely to come to work when they are contagious, and burnout is more likely.
When you regularly check in on employees and encourage them to take care of their mental and physical health, you’re creating a culture of care. This creates a warm environment where employees are more likely to take care of their own health, and they are more likely to be respectful of and encourage the health and well-being of their coworkers.
7. It Provides the Company With a Positive Reputation
Source: themarksgrp.com
The health of your employees is important to them and their families, and it’s important to you and the others in your workplace, but it matters to your customers too.
Company reputation matters more today than ever before. Consumers no longer just care about the product or service that is being offered by a business. They want to know that the businesses they support care about the same things they care about. They also want to know if they take care of their employees.
If customers know that there are multiple resources in place for employees to care for their health and the atmosphere is one of support, they are more likely to keep shopping with your company, and they are more likely to refer to your company to others.
There are a lot of things to worry and think about when it comes to your business. Don’t let the health of your employees fall through the cracks. Care for your employees and they will repay you in many ways that translate to success for your business.
