What is Employee Wellbeing?

What is Employee Wellbeing?

March 1, 2024

A group of happy employees
A group of happy employees

The term 'employee wellbeing' has transcended beyond a mere buzzword to become a cornerstone of corporate culture and ethics for businesses of all sizes - you might even be promoting it in your workplace without realising!

So what exactly is employee wellbeing? Employee wellbeing encompasses the physical, mental, financial, social & professional wellbeing of a businesses employees - commonly known as the 5 Pilars of Employee Wellbeing.

The goal of any competent HR professional or business owner is to create a supportive work environment that fosters personal growth, resilience, and overall satisfaction for their staff and working with the 5 pillars of employee wellbeing allows for a structure to do just that.

Employee Wellbeing is a comprehensive concept that recognises areas in which employees may need extra help in order to become a happier, more motivated and productive person, both in their private and professional lives.

What Employee Wellbeing is Not

Before we venture deeper, let's set the record straight on what employee wellbeing is not.

It isn't a fleeting trend or a box-ticking exercise filled with generic perks like free snacks and office yoga. Nor is it a one-size-fits-all programme that overlooks the unique needs of each workplace and employee.

When properly implemented an effective Employee Wellbeing Program will provide practical, meaningful support that resonates with and uplifts every individual in an organisation and in turn benefit the organisation itself.

Why Employers Should Care About Employee Wellbeing

The importance of employee wellbeing cannot be overstated. A workforce that feels valued, supported, and healthy is invariably more engaged, productive, and loyal.

This isn't just good for the employees; it's a strategic advantage for employers.

Benefits of running an effective Employee Wellbeing Programme include:

  • Enhanced Employee Productivity
  • Reduced Absenteeism
  • Improved Employee Engagement
  • Increased Attract and Retention of Talent
  • Lower Healthcare Costs
  • Positive Company Image
  • Enhanced Team Cohesion and Morale
  • Increased Innovation
  • Better Work-Life Balance for Employees
  • Mitigation of Workplace Stress

From attracting and retaining top talent, to reducing absenteeism and enhancing company reputation, the ripple effects of a well-implemented employee wellbeing programme can be profound, far-reaching and measurable.

What Is an Employee Wellbeing Program?

An employee wellbeing program is the delivery of resources to a companies workforce, of which the goal is to support and improve the wellbeing of those that engage with it across the 5 Pillars of Employee Wellbeing.

So, what does an effective employee wellbeing program look like? While off-the-shelf and generic solutions may offer convenience, these one-size-fits-all employee wellbeing solutions will touch on each area but often they often miss the mark by failing to properly address the specific needs and challenges of your specific workplace and employees.

Providing support in areas where support is not needed can actually be counterproductive and can exasperate those in need of support in other areas.

This is where services like Reverl come into play. Reverl engages your staff regularly to gain insight into the issues they’re experiencing so that a tailored wellbeing solution can be created.

By taking this approach companies can ensure that their initiatives are not just well-received but are also highly impactful, addressing the exact wants and needs of their employees, delivering maximum benefit for every penny spent.

Why an Employee Wellbeing Program Is Important for Your Business

Investing in employee wellbeing is not just a moral obligation; it's a business imperative, and it should be seen as just that, an investment in the workforce that delivers both short and long term returns.

In the war for talent, being known as a company that genuinely cares for its employees can set you apart. Moreover, a motivated and focused team is the backbone of innovation and productivity.

By fostering an environment where wellbeing is prioritised, businesses can not only attract but also retain top talent, ensuring long-term success and sustainability.

Getting Started with Improving Your Team's Employee Wellbeing

Recognising the importance of employee wellbeing is the first step. Implementing effective wellbeing initiatives is where the real work begins.

Identifying the unique challenges, stressors, and needs of your employees is vital in order to deliver a successful Employee Wellbeing Program. This requires regular dialogue, genuine engagement, and a commitment to action.

Here are some strategies organisations can adopt in order to improve employee wellbeing:

Conduct Wellbeing Surveys: Understand the needs and concerns of your employees through regular wellbeing surveys. This data can inform targeted provision of resources and support, in turn helping to avoid wasting money on areas that are not in need of support.

Offer Mental Health Support: Provide access to mental health resources, such as counselling services, stress management programmes, and training for managers to recognise and support mental health issues.

Promote Physical Health: Implement health and wellness programmes, such as fitness challenges, healthy eating options in the workplace, and ergonomic assessments.

Foster a Positive Work Environment: Create a culture that values diversity, inclusivity, and open communication. Recognise and celebrate achievements, and provide opportunities for social interaction.

Support Work-Life Balance: Implement flexible working arrangements, such as remote work options and flexible hours, to help employees balance work and personal commitments.

Financial Wellbeing Programmes: Offer financial education workshops, retirement planning services, and access to financial counselling.

Professional Development Opportunities: Encourage continuous learning and growth through training programmes, mentorship, and career development plans.

Platforms like Reverl offer tools and insights that help HR teams navigate this process, ensuring that the wellbeing initiatives they implement are not only effective but also resonate deeply with their workforce and can be demonstrated to stakeholders.

Suggested reading: Employee Wellbeing: Where To Start