Defining wellbeing

Wellbeing (noun) Definition: A good or satisfactory condition of existence; a state characterised by health, happiness, and prosperity.

When you invest in corporate wellbeing, you are investing in the future of your business. Keeping your employees happy and healthy is crucial in today's corporate environment. To do this effectively, you will need a corporate wellbeing strategy which includes measurable benefits.

Providing it meets with the needs of your organisation, having a wellness strategy can have a range of benefits, including:

  • Improving productivity
  • Gaining competitive advantage
  • Managing absenteeism
  • Providing a return on investment

Investing in corporate wellbeing can put you at the top of the list as an employer of choice and so the focus for corporate wellbeing programmes should be to actively manage employee happiness and wellbeing; improving quality of life and delivering a tangible benefit to your organisation's bottom line.

Happy and healthy people are more productive, engaged and successful

There are some widely recognised recommendations for wellness strategies which stretch into 10s of pages, the key elements to consider, thanks to Nuffield Health, are:

Having a portfolio of initiatives

Not every element of a wellbeing programme will suit every individual in every business. The most effective wellbeing programmes are made up of a wide range of initiatives

Target individuals

This may sound time consuming but by researching the requirements of individuals will help you develop the most effective plan.  Survey a few people to find out what is important to them - all businesses have popular characters with their finger on the pulse so make use of these individuals through either structured questionnaires and surveys or informal conversations

Always aim for the biggest bang for your buck

Plan initiatives that will really get people talking about wellbeing and excited about the benefits you’re offering.  The best wellbeing programmes have the potential to change lives

Tangible benefits, with a high (perceived) value, can help achieve maximum excitement about benefits packages. A brand new car, is one such product which gets employees excited and which can really make employees happy.

This article was provided by Tusker.

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