Prioritising employee well-being is not just a compassionate gesture or good corporate ethics. It’s also a strategic investment in your workforce that yields remarkable returns.
In other words, in a mentally healthy workplace, everyone wins.
How does a mentally healthy workplace affect the bottom line?
A 2014 Australian study has found that organisations that invest in creating a mentally healthy work environment can expect an average ROI of 2.3.
In simple terms, for every dollar spent on actions that promote employee well-being, there is an average benefit of $2.30 gained by the organisation.
These benefits take various forms, including improved productivity through reduced absenteeism, presenteeism (reduced productivity at work), and fewer compensation claims.
By fostering employee well-being, organisations unlock the potential for a more engaged, motivated, and resilient workforce.
How can organisations implement a successful strategy for well-being?
In order to ensure successful implementation of mental health initiatives, consider the following critical success factors:
- Commitment from Senior Leaders: Visible, long-term commitment from organisational leaders sets the tone for a sustainable well-being strategy.
- Employee Participation: Involve employees at every step, seeking their input during planning, implementation, and review.
- Clear Policies: Clearly-defined policies that support well-being and adapt to your organisation’s needs lay the groundwork for action.
- Adequate Resources: Allocate sufficient resources to initiatives aimed at improving mental health in the workplace.
- A Sustainable Approach: Sustained effort is key to achieving lasting results and a thriving work culture.
- Thoughtful Planning: Identify goals, objectives, and necessary resources for successful implementation.
At Employee Growth, we are dedicated to partnering with your organisation to create a resilient and thriving workplace.
Our tailored EAP services provide confidential accessible support online, psychological counselling, life education, mindset coaching, as well as training and ongoing support for employees and managers.
We’re also excited to introduce a nutritionist and coach to our team as well as expand our opening hours to include Sundays from 8-3pm.