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£4 for the price of 1: Make a long term investment in your people

Published 11th December 2013 by IIP North of England

When you hear the words ‘health and wellbeing’ what do you think of?  Yoga in the car park?  Mung beans in the canteen?  If so, it might be time to think again, because by looking after the health and wellbeing of your employees, you'll be looking after your organisation and its future. 

Recent research from PriceWaterhouseCoopers has also found that for every £1 an organisation invests in health and wellbeing, they could see a return of over £4 due to benefits such as reduced sickness and improved productivity. 

Health and wellbeing good practice encompasses a wide range of issues and focus areas, taking it much broader than just encouraging healthy eating and physical fitness. In fact, research has found that employers consider health and wellbeing to cover issues such as stress, security and morale – all elements that can make or break organisational resilience to both internal and external factors. 

A key determinant of people’s wellbeing and at the heart of health and wellbeing is how well people are managed and particularly in today’s changing climate, is therefore extremely important. 

By embedding good health and wellbeing practices, overall performance improvement can be encouraged rather than just minimising sickness and injury. Indeed, having a health and wellbeing programme in place can support a culture of happy and healthy employees, in turn providing improved employee engagement, motivation and productivity. 

Who said encouraging a culture of happy and healthy employees doesn’t make business sense?