The workplace environment is constantly changing. Why run the risk of exposing your business to a cluster of debilitating risks within this environment? There are steps that can be taken to manage these risks.

There are many risks that can have an impact on your business. However, there is one common element that is constant within businesses who are managing their emerging risks from within the changing work environment. The businesses have an integrated Health, Wellbeing and Performance Program. Such a Program helps businesses manage their overall risk profile, as well as help target specific risks. This one step to invest in such a Program mitigates the risks and offers commercial benefits to the organisation.

Without such a Program, one subtle risk that silently erodes profit and moral, while increasing turnover with your employees, is employee engagement or more accurately, “the lack of”. This lack of engagement can then lead to increased absenteeism that costs businesses around $4.7 billion per year.

Employee Engagement

The commercial impact of poor employee engagement is significant. Is your business able to identify this risk factor and maintain employee engagement? If your business has such a Program in place, then there are inherent benefits.

57% of employees are inspired by a company culture that offers a health, wellbeing and performance program.

On the other hand, where there is no corporate wellbeing program in place there is only 15% of employees are self-motivated enough to implement changes for them to stay engaged. Optimum’s data of Australian workforces, from over 250,000 data points – where health, wellbeing and performance programs are in place report –

• 68% of employees are inspired to improve health habits
• 67% of employees feel better within themselves
• 97% of employees would recommend the program to their colleague
• 100% of employees overly support the company having a program in place

Employee engagement also helps to evaluate employee stress and satisfaction in the workplace. According to a Gallup Poll (USA), 53% of employees are not engaged at work, while 13% are actively disengaged. The challenge for companies is how to break the disengagement cycle. 

If your workplace is not viewed as supportive, possess helpful hierarchy, cater for employees’ needs and have the business displaying a sense of purpose or focus – then both employees and business suffer. 

Research from Groov (formerly Mentemia) shows that one in three workers (33%) in New Zealand and Australia consider quitting their job weekly, while 36% consider quitting most days. In addition, one in five workers (20%) don’t feel their employer supports their wellbeing and only 6% feel they are supported at work. 

Evidence suggests implementing a Health, Wellbeing and Performance Program helps to engage employees with up to 65% of any workforce voluntarily enrolling in such a program.  

Can your business afford to take this risk of losing talented workers? 

Acting on such a critical risk factor can be daunting for you and the business. Optimum can work with you to implement an approach that will be tailored to the needs of your organisation. The risks are too great not to take action. admin@optimumhms.com.au.