As an employer, should you be concerned about an employees’ well-being? Before you answer ‘no’, consider the five ways below on how an employees’ health affects your bottom line:
1. When an employee is out sick, customers end up having to wait. Inconvenienced customers often end up becoming someone else’s customer.
2. When workers are absent, the staff that picks up the extra work frequently end up overworked and stressed. Stress is known to contribute to a number of ailments and complications that could lead to illness. Pretty soon, these employees are taking time off themselves.
3. Stressed workers are more apt to get snappy with customers, which translates to more lost business. As a business owner, your profitability and also your reputation as a business are affected. Sickly employees and absenteeism can lead to bad publicity.
4. Stress sometimes leads to job injuries, especially to the neck, shoulders, and back region. If the employee is sluggish or inattentive due to fatigue, safety issues could also arise, especially when the job involves operating machinery. Depending on the frequency of workers’ comp claims, your premium for workers’ comp insurance could be increased.
5. If unhealthy employees utilize the group insurance benefits frequently, guess who pays for the surcharge at renewal? Every member of your group plan will end up absorbing the increased rates, even the healthy employees! For Kaiser Permanente group plans, the utilization rate-up is 10%.
Whether an employee tends to be out often due to illness, or gets stressed by picking up the slack, everyone is affected, even and maybe especially, the business owner.
What Employers Can Do
Kaiser Permanente has some good news and helpful resources for employers who want to promote better health for their employees. With a little time and effort, employers can make a difference in the well-being of their workforce, and their bottom line.
In an effort to help business owners promote the health of employees, Kaiser Permanente has developed a program that supports health in the workplace. Basically, Kaiser Permanente is inviting employers to develop a wellness program.
Each company can come up with their own unique program; it can be as basic or involved as you want. Kaiser Permanente has free resources and tools to help you begin. Here are some baby steps to consider:
Step 1) Assess the current health status of their employees.
Step 2) Have employees brainstorm for ideas to promote health. Some examples can be going on a walk together at break time, incentives to joining a gym, replacing vending machine treats with healthy snacks, etc.
Step 3) Engage the employees. Go for it!
Step 4) after a few weeks into the process, evaluate your progress. Is it working?
To view a short Kaiser Permanente clip on how a health program at work could benefit you and your employees, click here.
When a business owner invests a little time and effort into helping employees develop a more healthy way of life, employees can be more productive and better-enjoy life, and the company’s bottom line is automatically improved, making for a win-win for all.