Why Healthy People Are Important for Healthy Business – The COVID-19 epidemic has caused much thought about promoting and safeguarding health more broadly and equitably in the future. Health and wellbeing are the cornerstones on which society and economies prosper.
Its impact has shown how essential strong, well-resourced, and resilient health systems are to the efficient operation of various economic sectors. The strain on health systems is expected to rise internationally, making it harder than ever to deliver quality care. Therefore, it is crucial to strengthen health systems and their resilience.
Good health is good business
Health is beneficial for business.
The gains to individual health would be immense:
- Infant mortality would drop by 65%.
- The health disparity gap would close.
- 230 million more people would be alive by 2040.
A 65-year-old might be as healthy as a 55-year-old today.
What would give a much-needed boost to the economy? We calculated that improving health could enhance the global GDP by $12 trillion in 2040—an 8% gain or 0.4% faster growth annually—by adding up all the ways it benefits the economy.
Making health investments pays off financially well. We discovered an incremental economic impact of $2 to $4 for every $1 invested. In nations with higher incomes, productivity advantages in healthcare provision could more than outweigh implementation costs. The investment will be required to expand the health infrastructure in emerging economies.
Why Healthy People Are Important for Healthy Business
There has never been a more critical time to make health and wellbeing investments for your staff. Today’s blog post will examine why a business needs healthy employees.
Regulations about health and safety at work have taken precedence for years, and the significance of these standards has never been questioned. Risk analyses and compliance agreements have replaced the less formal idea of “wellbeing” as the norm. Today, this mindset extends beyond physical health and adopts a more all-encompassing perspective.
8.2 million workdays are lost annually in England due to stress and mental health-related issues (Get Britain Standing). Studies indicate that healthy employees take fewer sick days, which saves European firms 73 billion euros annually and benefits both individuals and the bottom line. This number has increased throughout the COVID-19 health crisis, which is not surprising.
Positive wellness practices are no longer just a necessity for businesses; they are also prospective features employees look for in their jobs. With 85% of people believing that workplace health and wellbeing should be more of a priority at their company and 57% of UK employees saying they’d be happy to stay longer at a job if more was done to look after their wellbeing, it is becoming non-negotiable. Employees now expect companies to prioritize a healthy work life.
Your firm will be future-proofed if you adopt a better approach to workplace welfare. Companies can build their strategy for a healthy workforce in various ways. Here are our top suggestions:
Physical wellbeing can cover a wide range of topics, including sleep, eating habits, and ergonomics in the workplace. The adoption of a robust physical health culture at work will unavoidably have an impact on productivity. Actions could include:
- Encouraging workplace stretching and exercise.
- Supporting a healthy lifestyle with better snacks.
- Reducing screen time.
It’s essential to watch out for signs of low morale, burnout, and constant pressure in employees. Encourage teams to set aside some time each day for reflection and the creation of better work practices. This might comprise
-Taking extended lunches
-Skipping work on the weekends
-Support physical activity and going to social gatherings.
Authenticity is always helped by getting senior leaders on board with a better culture. When leaders speak about wellbeing and mental health, they can have a significant impact by encouraging others to do the same and getting rid of misconceptions.
Keep in mind that your best investments are people! A healthy and content workforce needs upkeep and care, much like an efficiently running machine.
What you can do and where you can start, then, is the actual question.
DSE evaluations are a wonderful place to start. The assessment alone won’t change how your team members work together, but it will provide you with suggestions on how to make it happen. Taking these suggestions to heart will make a difference for your team and your business. ready to start your own business?