Attracting and Retaining Talent Through Employee Well-being
In the fast-paced world of business, attracting and retaining top talent has become more challenging than ever. Companies are constantly competing against each other to attract the best and brightest employees. With a tight job market, employees are also becoming more aware of their worth and are becoming more selective about their employment options. In this context, employee well-being has gained significant importance as a critical factor that can make a company more attractive to top talent. In this blog, we explore how wellness programs can contribute to attracting and retaining top talent, thereby improving business outcomes.
Attracting top talent through corporate wellness programs
Wellness programs have become a popular way for companies to attract and retain top talent. According to a survey conducted by the Society for Human Resource Management (SHRM), 75% of companies offer wellness programs. These programs not only improve overall employee health but also help boost employee morale, reduce stress, and increase employee engagement. As employees become more health-conscious, wellness programs have become a significant selling point that companies use to attract top talent.
“In Asia-Pacific and globally, the promotion of wellness in the workplace is shifting from a corporate social responsibility consideration to a strategic priority as more companies recognize the role it plays in attracting and retaining staff, and driving business results.”
Victoria Gilbert, associate director of wellness consulting at Colliers International Asia Pacific.
Improving employee engagement
Want to supercharge your employees’ work engagement? Wellness programs could be the key. They show employees that their wellbeing matters, boosting productivity and commitment.
A compelling research study by Optum reveals an eye-opening statistic: employees who actively participate in wellness programs are a whopping 18% more engaged than their counterparts who do not. That’s not just a number, it’s a testament to the transformative power of wellness initiatives. It shows that when we prioritize our physical and mental wellbeing, we’re not just improving our health – we’re also enhancing our performance, productivity, and engagement with our work.
Boosting productivity and reducing absenteeism
Picture this: you’re part of a vibrant, energetic team where everyone feels good, performs at their best and hardly ever calls in sick. Sounds too good to be true? Well, it’s not. This is the power of wellness programs.
You see, healthy employees aren’t just happier – they’re also more productive. They’re the ones who bring their A-game to work every day, driving your business forward. And here’s the proof: according to a study published by none other than the Harvard Business Review, companies that have embraced wellness programs witnessed a staggering 25% reduction in absenteeism.
Imagine what that could mean for your business. Less time lost to sick days. More time spent on driving innovation, serving customers, and achieving your business goals.
Corporate Wellness: Building a company culture of well-being
Wellness programs aren’t just perks—they’re transformative culture shifters. They weave health and happiness into the company fabric, fostering positive work environments and stronger employer-employee relationships. As an employee, wouldn’t it feel great to be valued, supported, and motivated? Absolutely! Plus, a well-being focused culture attracts top talent who value health and wellness. It’s a win-win!
Measuring the impact of corporate wellness programs
To ensure that wellness programs are making a positive impact, it is essential to measure their outcomes. We don’t merely implement wellness programs; we make sure they work. We’re not just about setting up CGMs (continuous glucose monitoring) and InBody machines; we’re about using these tools to their fullest potential. With Limitless, you’re not just getting a wellness program. You’re getting a wellness partner. We align our metrics with your goals, ensuring that every step we take is a step forward for your organization. Take it from our founder and winner of AmCham Women of Influence Awards 2021, Tricia Yap. Her journey from the corporate world to wellness offers valuable insight on how Hong Kong organizations can find success in a healthier and more sustainable manner.
Prioritize Employee Wellness: Your Company’s Competitive Edge
In the fierce talent market, standing out is crucial. How? By prioritizing employee well-being. It boosts engagement and business outcomes. A survey across the Asia region by the insurer Cigna, found that 66% of respondents valued workplace wellness programs. In fact, for 59%, it significantly influenced their decision to join a company.
So, what’s the takeaway for your organization? Employee wellness is no longer optional—it’s essential. It’s a key deciding factor for job seekers. Isn’t it time wellness became part of your corporate strategy? A healthier team is happier and more productive.
Let’s start designing your company’s year of wellness for 2024 – LET’S TALK.