This post continues the conversation that began with the “Wellness and Wellbeing” note last week. If you haven’t yet read that post, I suggest you click on the link and read it now, before proceeding with this one.
Here we pick up with Kate Lister’s overview of the biggest issues surrounding wellness and wellbeing in the workplace.
Kate Lister [Global Workplace Analytics]:
As I suggested earlier, there are two sides of this issue: the physical and the psychological. Not surprisingly, the organizations that are focusing most on wellness are those in the healthcare business.
The cost of absenteeism goes far beyond the direct costs which are estimated at about 6% of payroll. But when you consider the indirect costs, including insurance, the total is more like 20% of payroll.
On the psychological side, there are a variety of problems that impact employee performance such as addiction, depression, stress, and the like. And poor mental health often leads to poor physical health and vice-versa.
Then there’s the problem of “presenteeism,” where people come to work sick because they don’t et paid for sick days, they feel guilty about letting their co-workers down, or there’s simply a culture that frowns on taking time off, regardless of the reason. So what do they do? They come to work sick. They sit at their desk not getting much done. And they go home at the end of the having spread their germ among their colleagues.
Healthways recently did a wellness study for a Fortune 500 company. When they asked employees if they’d lost productivity due to working while they were sick, 86% said “yes.” The study also showed that people with wellness issues are less productive and more likely to leave.
The study reported that for each $1 of medical costs, the company lost another $2.30 because of reduced productivity. Read more