How Small Business Owners Can Invest In Employee Wellness

Posted by Karen Erdelac on Apr 8, 2020

How Small Business Owners Can Invest In Employee WellnessAs a whole, Americans are becoming more health conscious, and small businesses are beginning to realize how it can affect their bottom line. There are many ways that promoting a healthy lifestyle within the workplace can save money and better your company. Making an investment in the well-being of your employees can have a lasting impact. Healthy workers are more productive, miss fewer days and have a higher rate of job satisfaction. As a small business owner, you should always be looking for ways to cut costs and improve quality with sacrificing the vision you have for your business. A healthy workforce can provide you with a competitive advantage and help increase your presence in an ever-changing economy.

Healthcare Costs

There is the potential to significantly reduce your healthcare costs through the use of employee wellness programs. These programs can include gym memberships, nutritionists and motivational speakers. Most health clubs will offer discount group rates and other incentives to companies that enroll a large number of members. Preventative action is what will keep your long-term costs lower. With laws changing and premium costs always on the rise, implementing a well-organized wellness program will help you reduce future costs while maintaining continuity in your workforce.

Productivity

Healthy employees tend to have more energy and be more productive. Proper diet, exercise and sleep benefit cognitive thinking and make for a more focused workforce. More efficient employees provide your business with reduced operational costs. Statistics show that health conscious workers are more willing to take on tasks and meet goals and deadlines. The survival of your company depends largely on the ability of your employees to produce a quality product or service. Giving them a healthy edge will benefit both parties long term.

Attendance

According to research from the Health Enhancement Research Organization (HERO), Brigham Young University and the Center for Health Research at Healthways absenteeism was 27 percent lower for those workers who ate healthy and regularly exercised. This represents a large number of work hours where your organization can be operating at peak capacity and efficiency. Absenteeism ranks as one of the most difficult obstacles for managers to work around and ensuring they have a reliable team will pay short and long-term dividends.

Employee Morale

The benefits of healthy living are numerous including higher employee morale, improved cognitive processes and reduced absenteeism. When employees are missing time or unfocused it can cause a heavier workload for other team members. While you do want to breed an environment where everyone is willing to help each other, having a reliable workforce helps your team to build and mature. Exercise releases endorphins, which also improves the mental health of your employees. Having a focused team will keep your small business growing and adapting to fluid trends.

Encouraging Participation

A wellness program will only work if you have participation from your employees. There are several ways you can encourage involvement such as discounted gym memberships, providing healthy snack options and rewards for those that are meeting fitness goals. Participation should be promoted from the top down and as the owner of a business you have more influence than you may believe. Take the initiative to participate in all available programs yourself. The benefits you provide should be made well known to your employees and promoted consistently.

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Topics: Small Business