Now more than ever, it’s difficult to find and retain happy, hard-working employees. Employees want more work-life balance. Personal health has become a higher priority. For years now, companies have tried to provide employee well-being or wellness programs but these typically fail. Instead, the benefits of outsourcing your employee well-being efforts far outweigh the “old-school”, internally implemented wellness programs.
First, people seek more than wellness now. They desire well-being – a healthy state in physical, mental, financial, professional and all aspects of life.
Second, like many companies, you may wish to cultivate a particular culture in your workplace while looking out for your bottom line.
But it takes expertise in all of these life areas and in workplace development to create a successful well-being program that achieves your specific goals. And most company leaders or human resources specialists are not experts in these areas too!
The great news is that your company can get a successful well-being program up and running in just 30 days, with help from the right professionals.
Benefits of Employee Well-Being Programs
In case you haven’t read other posts, let’s review the benefits of having a holistically healthy workforce – that is healthy in all the areas of life and not just “wellness”.
When their well-being is supported:
- Employees learn to better handle stress. (Note that 47% of all job-related reasons for leaving were “workload/stress” in the 2022 Retention Report from Work Institute).
- Employees feel a stronger level of satisfaction and are less likely to leave.
- Employees perform better.
- Your company suffers less turnover and costs (up to two times the salary, according to the 2022 Retention Report from Work Institute).
- Your company morale and loyalty strengthen, which shows on the inside and outside.
- You grow a more innovative, communicative and profitable business.
Benefits of Outsourcing vs Self-Facilitating an Employee Well-Being Program
In-house well-being programs often fail because they never get off the ground, they lack consistency or they don’t incorporate feedback and evolve as needed.
Employees want their company to provide well-being opportunities – read more on this here. But these efforts are usually a low priority because small and mid-sized companies typically don’t have anyone dedicated to this role.
Some companies give the responsibility to 1-2 people or even a wellness committee, but they may not be trained to gather the right data and develop a viable program that helps achieve your desired outcomes. And this program often becomes a “project” that falls to the bottom of the pile when workloads are heavy.
This is why outsourcing your well-being program gets better results.
Contrary to what you might think, outsourcing does not have to cost you tons of money and will actually save you money.
In fact, according to this article from 2017, for the average employer, every $1 spent on healthy interventions achieved $6 of healthcare savings. This is just one statistic and doesn’t account for savings through retention of employees or heightened performance!
So even if you spend just $12,000 outsourcing your program, you could potentially see $72,000 in healthcare savings based on this rate of return! Of course, your return on investment will depend on many factors, such as company size, your current healthcare costs and the program you implement.
BreakWell specializes in organizational and employee well-being. This means we constantly track leading workforce trends and can advise you on best practices to fit your organization.
When you partner with BreakWell, you will:
- Receive a dedicated Employee-Care Officer to guide you and help you navigate the well-being landscape.
- Allow your HR department and other team members to do what they do best.
- Keep your company’s well-being a top priority.
- See clean, trackable benchmarks of engagement because you’re not pulling from your resources dedicated to other roles.
- Receive professional, proven recommendations on how to increase utilization or opportunities to fill in gaps as we go.
- Smoothly and easily make adjustments or add new benefits as you grow.
Envision this.
BreakWell researches, develops and creates your program behind the scenes and feeds your internal point person everything you need – the ideas, the build-out, the supporting flyers, the email templates and the tracking system to measure engagement. Your point person simply “drives” – that is, shares the pieces we develop over your intranet and receives the kudos!
Your company will see improvements in well-being and your bottom line. Your employees will become better advocates, perform better and enjoy working for you doing their specialty and not feeling overworked.
If you would like to talk to an expert about outsourcing your workplace well-being program, click here to schedule a time that’s convenient for you.