According to official figures, the economic cost of sickness absence in the workplace is estimated to exceed £100bn annually in the UK, with health-related productivity losses a significant factor. Investing in employee health, therefore, offers significant potential benefits, including reduced absenteeism, lower stress levels, and better engagement.
Health assessment software is a powerful tool for businesses looking to maximise their return on investment (ROI) by prioritising the health and wellbeing of their workforce. In this article, we'll explore the benefits of investing in employee health and how health assessment software can play a defining role.
A disconnect between managers and their staff can make it difficult to gain insights into the wellbeing of the workforce, so health assessment software can provide invaluable insights into employees’ health. Equipped with this data, employers can design and implement targeted wellness programmes to improve overall health and productivity, such as lifestyle improvements, fitness challenges, and stress management. By utilising the data that the software provides, managers can devise a tailored approach to addressing the specific health needs of their staff.
While even minor ailments, such as coughs and colds, can impact significantly on business productivity, long-term or serious conditions can be incredibly detrimental to a company’s profitability. Investing in staff wellbeing can significantly reduce healthcare costs and minimise the collateral damage caused by extended absences. By emphasising preventive care and early intervention, employers can mitigate the expense of treating chronic or severe conditions. Healthier employees require fewer medical interventions, resulting in substantial cost savings in the long run.
A healthy workforce is more engaged and productive but, to improve employee wellbeing, it’s necessary to understand the push and pull factors at work within the organisation. Insights gained from health assessments can help employers to implement strategies to improve workplace productivity, so that employees are in better health, happier, and more engaged in their work.
Offering health assessments as part of a comprehensive benefits package can significantly boost employee satisfaction and retention, making the company more attractive to both current and prospective employees. Thriving businesses depend on their people, so staffing instability can be crippling to long-term success. While it’s important to attract top talent, it is equally important not to lose existing staff if they don’t feel valued or looked after.
Corporate health assessments have, in the past, been viewed as exclusive and expensive, but nothing could be further from the truth. Many health assessment programs are both accessible and affordable, ensuring that all employees can benefit from valuable health insights.
By eliminating the notion that comprehensive health checks are a costly extravagance, employers can encourage more employees to participate in these programmes and benefit from them.
Health assessment software provides the opportunity to harness the knowledge and experience of multiple specialists at a more achievable level. Because it isn’t feasible to employ an army of consultants to review each employee's case, integrating health assessment software can allow businesses to tap into the expertise of professionals in a more scalable and cost-effective manner.
To find out how you could maximise your ROI through improving your employees’ wellness, please book a free, no-obligation consultation with one of our team today.
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