Corporate Wellbeing or corporate wellness refers to the duty and obligation of a company to ensure that its employees remain physically and mentally healthy in order to improve the productivity and performance of the employee, thus benefiting the business. A healthy workforce will also reduce an employer’s annual health care costs. In other words, it can be defined as a state where employees are happier and more productive since they have nothing to worry about their physical or mental wellbeing while working for a corporation. Wellbeing can be defined from two perspectives: 1) Positive Mental Health – Meaningful work, good relationships at work, supportive environment, etc.; 2) Employee Physical health – availability of medical treatment, hygiene facilities at the workplace, etc.

Benefits of Corporate Wellbeing At Work

Companies are not just limited to giving their employees an additional holiday or a cash bonus. There are innumerable benefits of ensuring corporate wellbeing, which is outlined below:

• It is mentioned that when an employee is provided with amenities at their workplace, they don’t have to spend any money on commuting, thus allowing them to save some money. Hence, in turn, this increase in disposable income further increases the consumption capacity of the individual. This leads to greater economic growth and development in the long run.
• Workplace wellness programs can also reduce health care costs by 50% for each participant over time through reduced absenteeism and increased productivity. And today, it has been seen that around 26% (approx.) of companies across the world are spending more than $1 billion on wellness programs.
• It has also been seen that employees tend to be happier and more productive at work. This leads to increased retention rates for the company since new recruits can become expensive. Wellness programs by employers help in increasing employee satisfaction also.
• By providing amenities like fitness equipment or health care providers at the workplace, companies reduce their responsibility for the employee’s safety outside the office premises.
• Another benefit is that of an attractive corporate image which can lead to improved recruitment rates too! A healthy workforce ensures that there is no absenteeism or tardiness, thus increasing productivity and profitability. Hence it directly contributes towards the success of a business enterprise!

Corporate Wellbeing – Why it’s Important to Workplace

Wellness programs are designed to help employees maintain a healthy lifestyle. Today, companies have become wise enough to understand that their investment goes down the drain when an employee falls sick or retires early. Thus, they are making efforts to ensure that their workforce remains motivated and committed towards work by keeping them happy at the workplace. Below are some of the reasons why it is important for companies to invest in the well-being of employees: