The Business Case For Workplace Wellbeing

iStock:RichVintage

Why 93% of workers say wellbeing is as important as pay

As workplaces continue to wrestle with the great resignation, a new study has found that 93% of the Australian workers surveyed said their physical, emotional and mental wellbeing is just as important as their level of pay. So, what might this mean in a practical sense for workplaces?

“The good news is that there is a clear business case for investing in employee wellbeing,” explained workplace wellbeing researcher Nic Marks when we interviewed him recently. “For example, on a five-point scale, improving an employee’s wellbeing by even half a point equates to $2,500 to $3,5000 of extra benefits each year due to improvements in creativity, collaboration, productivity and savings in staff retention.”

Nic’s research suggests there are five evidence-based ways to care for the wellbeing and resilience of teams at work. They include:

Practically, Nic recommends leaders try:

How are you meeting the expectations of workers for more wellbeing support?

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