Key Components Of A Holistic Corporate Wellbeing Plan

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Addressing the overall wellbeing of the employees is no simple task now, but it is indeed an essential one. The worrying effects of a historic culture that has considered the workplace performance more important than employee wellbeing are becoming increasingly apparent, and it is now clear that businesses need to develop robust strategies to ensure that employees are appropriately supported and empowered to cope with the ensuing pressures. There is no doubt that healthy employees are happier, perform better, and are less absent from work. 

A sample image representation of the health benefits preferences of a diverse workforce.

The World Health Organization (WHO) defines health as a state of complete physical, mental, and financial wellbeing and not merely the absence of disease or infirmity.

Acknowledging the key points that support a robust employee holistic wellbeing program is the first step towards success. Key components of a holistic corporate wellbeing plan include the following:

  • Physical wellbeing
  • Mental wellbeing
  • Financial wellbeing

Physical wellbeing

Studies say that non-communicable diseases (NCD), which include cardiovascular disease, cancer, and diabetes, are the leading cause of death and disability worldwide. By encouraging and facilitating physical activity for employees, employers can support every individual's health and wellbeing, a key factor for an organization’s innovation, output, and success. When employees are physically fit and healthy, they are more likely to perform better at work. 

Employers can think of adding team-based challenges, gamification, fitness sessions that combine yoga, aerobics, and relaxation techniques, etc. to employee wellness programs.

Here are a few essential components for an employee health benefits strategy.

Read more about the Evolution of Fitness Wearables in Corporate Well-being.

Mental wellbeing

As, there’s plenty of workplace stress due to COVID-19, from adapting to new working arrangements, having the kids home, employees getting sick, and much more, organizations should realize that employees are riding emotional rollercoasters and can support them by suggesting ways to reduce anxiety and alleviate larger concerns during times of crisis. The world indeed feels crazy right now, but HR professionals can definitely help their employees manage workplace stress during COVID-19. 

The best is to offer Employee Assistance Programs and encourage employees to take frequent brain breaks.

Listed below are a few essential components for an employee health benefits strategy.

Read more about ekincare's Mental Wellbeing And Stress Management Program.

Webinar - Dealing With Stress During COVID Lockdown

Financial wellbeing

Financial wellbeing may not seem an obvious health determinant but it is a critical pillar of employee wellness. Just as employees are more productive and happy when they are physically well, they will be less stressed when they are financially well, too.

A recent article in Forbes reported that 80% of employers felt that financial stress was lowering their employees’ performance level. That financial stress is leading to depression, panic attacks, and sleepless nights, all of which cause costly distractions adding up to some $500 billion annually.

The best way for employers to combat the employee stress that comes with financial worries is to get them educated (“financially literate”), form a sound plan with goals, and manage expenses sensibly until those goals are reached.

Watch out ekincare Webinar - Dealing With COVID19 Financial Crisis

Conclusion

A holistic approach to employee wellbeing in order to foster healthy, happy, and productive employees and boost business performance and growth is of utmost importance now. There’s a shift in employees' expectations of the role their workplace will play in their wellbeing and want their jobs to have an actively positive impact on their wider wellbeing. It's time now that organizations should deploy holistic workplace wellness programs that support all aspects of an employee’s wellbeing—physical health, mental health, and financial health to outmaneuver their competition to reap the rewards of a healthy, productive workforce while gaining a competitive edge.