Any business asset is an investment in the future prosperity of the business. If an asset does not contribute to production, and therefore does not generate a return, then it is not a worthwhile business investment.
In the same respect, all assets need to be properly treated, maintained and kept in best working order. Sustained productivity depends on it. This makes sense for most business assets, but what about people?
There are very few businesses which do not rely in some fundamental way on their people. People are an asset just like any other business asset. You “purchase” people with wages, and in this way they are probably your most significant asset in terms of quantum of investment. So, should people not receive the same systematic commitment to being kept in best working order – to operating at full potential, than any other asset?
While people are a vital business asset, they are also potentially the most costly in terms of productivity losses. There is a very broad range of productivity outcomes which are affected by people, and the quality of work they produce, such as:
- staff turnover
- staff grievance rates
- employee engagement
- number of OSH incidents and claims
- severity of incidents
- lost time injury rates
- rehabilitation times and expenses;
- re-work rates
- customer returns
- customer satisfaction
- customer retention
- lead generation
- sales conversion.
However, when individuals progress towards peak wellness, and when this progression is fostered throughout the workforce in a positively reinforced culture, individuals and entire teams become more productive.
Wellness is a product of a person’s physical, mental and emotional health. It is the state we achieve when each of these dimensions of our wellbeing are optimised. Wellness fosters confidence, self-esteem, resilience and composure under pressure within the individual, allowing him or her to navigate effortlessly through the rigours of daily life, be it work, family, social or other pressures.
A large volume of research has repeatedly made clear links between employee productivity and their state of wellness. Compared to physically unhealthy employees, healthy employees:
- take up to 9 times less sick leave;
- are less likely to be injured at work due to sharper cognitive abilities and risk perception;
- are more likely to achieve a timely and complication free recovery, and return to work at full duties, if injured;
- are up to 20% more engaged with their job; and
- are 4 times less likely to leave an organisation within the next 12 months.
Two thirds of the average Australian workplace is overweight or obese, and this single factor puts them at high risk of chronic disease. It also means that, statistically, two-thirds of the employees in every workplace are operating at well below their potential.
We are unique in this market because the outcomes we seek go beyond simply improving health. We deliver, through our Workplace Warriors program, a comprehensive theory and practice based education in how to attain better physical, mental and emotional wellness, as well as a program of cultural change, teaching and instilling performance and personal effectiveness values at an organisational level.