Wellbeing - myHRexperts | Australian HR & WHS Support For Growing Businesses

Supporting wellbeing in the workplace

The physical and emotional health and wellbeing of your people has a significant impact on their work performance. Increasingly, employees are experiencing bouts of psychological illness, which often results in extended absences or periods of low or non-existent productivity.

According to a recent PWC report titled Creating a Mentally Healthy Workplace, untreated mental health conditions are costing Australian workplaces $10.9 billion per year. This breaks down to $4.7 billion in absenteeism, $6.1 billion in presenteeism (employees attending work when unwell and significantly underperforming), and $146 million in compensation claims.

In a 12-month period, one in five Australians will experience a mental health condition of some kind. So, the reality is that mental health conditions exist in workplaces across all industries in Australia.

myHRexperts consider Leader, Culture, Appointment, Performance, Recognition and Wellbeing to be the six pillars of a best workplace. You are currently reading about the WELLBEING pillar.

Best Workplace Pillar 6 : Wellbeing

The benefits of nurturing health and wellness

Here’s the good news, according to the PWC report, every dollar spent on effective mental health actions may generate as much as $2.30 in organisational benefits.
When we think of workplace health and safety, our first thoughts might go to preventing slips, trips, falls, or chemical hazards. Yet, less tangible threats can be just as dangerous.

Does your organisation prioritise psychological safety as well as physical safety and wellbeing? Do you offer education programs to increase awareness of a range of health and wellness issues and decrease stigma? Even something as simple as a regular meditation session at lunch or a nutrition program can make all the difference.

According to Gallup research, compared with employees who have high engagement but otherwise exhibit low levels of wellbeing, those who are engaged and who have high wellbeing:

1 Are 30 per cent less likely to miss workdays because of poor health in any given month.

2 Miss 70 per cent fewer workdays because of poor health over a year.

3 Are 27 per cent more likely to report ‘excellent’ performance at work.

4 Are 37 per cent more likely to report always recovering ‘fully’ after illness, injury or hardship.

5 Are 59 per cent less likely to look for a job with a different organisation in the next 12 months.

6 Are 42 per cent more likely to evaluate their overall lives highly.

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Supporting wellbeing in the workplace

Best Workplace Pillar 6 : Wellbeing

The benefits of nurturing health and wellness

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