Health & Wellbeing Strategy – The Business Case
Workplace Wellbeing – Craven Consultancy Services
There is always a degree of resistance with regards to employee wellbeing; workplace wellbeing strategies and initiatives, particularly for SME’s – there is always something more important to spend the money on, or is there?
Traditionally, when articulating the business case for managing people’s health, employers focused on quantifying the negative impact of ill health such as the cost of sickness absence. Recent thinking reflects a more positive business case, and growing evidence showing a positive link between the introduction of wellness programmes in the workplace and improved engagement and performance levels.
Create an Open & Inclusive Culture
To develop a Positive Wellbeing Culture – Senior Management must lead to initiate and support a workplace culture that embraces health in all aspects and doesn’t differentiate mental health and physical health at any costs. This will encourage the employees of mental health issues to come forward without any fear of discrimination.
What is an Employee Assistance Programme (EAP) – also known as a Personal Support Programme (PSP?)
Employee assistance programmes (EAPs) are now commonly regarded as an essential feature of employee benefit schemes, particularly in light of the post-pandemic emphasis on staff wellbeing.
An Employee Assistance Programme (EAP) serves as a vital resource for working individuals, offering essential support and guidance, helping them face personal challenges. The aim of an EAP is to develop a workforce for an organisation which is content if not happy, and in good health. The idea behind it is that a healthy and happy workforce is likely to deliver much better results; something proven in various scientific studies. This then contributes to a business’ overall success, not only through the results of its employees but also reducing absenteeism and staff turnover, both of which can be costly for any organisation.
Not only that, but by investing in the health and happiness of its workforce, the organisation sends a powerful message to its employees that they genuinely care about their wellbeing. This goes a long way to fostering a more thoughtful workplace, where employees are genuinely interested and engaged with the business.
It goes without saying that employee health and wellbeing is an intrinsic cog in the running of any successful company. Staff that feel happy and secure are naturally going to inspire productive and smart work.
Moreover, including your people in the process for managing or overcoming health and wellbeing concerns reinforces both trust and respect. Two players that are vital for a successful business.
What are the benefits of an EAP?
An EAP is a service designed to help employees with personal challenges, like stress, financial, or relationship problems. By offering confidential counselling and resources, an EAP supports employees in dealing with these issues effectively. This leads to healthier and happier employees, which is great for individuals and as a result, the business too. When employees feel supported and valued, they are more satisfied with their jobs and more engaged with their work.
The service focuses on preventing problems before they become bigger issues. It provides employees with tools and resources to manage stress, achieve a healthy work-life balance, and improve their overall wellbeing. By taking care of these issues early on, the service helps avoid more serious problems down the line. This means fewer absences from work and better job performance.
When employees are healthier and happier, they positively influence the overall workplace atmosphere, fostering collaboration, stronger relationships, and higher morale. This positive environment not only enhances productivity and teamwork but also contributes to better employee retention rates and customer satisfaction, helping the organisation in the long run.
How does an EAP help employees?
An EAP provides crucial support for employees, promoting their mental health and overall wellbeing. Through an EAP, employees gain access to a range of services tailored to address their specific needs, including professional counselling, crisis intervention, work-life balance assistance, and more. These comprehensive resources offered by an EAP help employees navigate personal challenges, cope with stress, and develop effective strategies for managing their emotional and mental wellbeing.
After using an EAP, employees can experience a wide range of post-benefits that significantly enhance their wellbeing. Through professional counselling services, employees gain valuable insights, coping mechanisms, and strategies to navigate personal challenges much more effectively. This newfound resilience enables them to better manage stress and maintain a healthier mindset in their daily lives. Moreover, the work-life balance assistance offered by an EAP helps employees set a proper balance between their personal and professional responsibilities, leading to increased satisfaction in and out of the workplace, as well as reduced burnout. By addressing these challenges, the EAP will be able to improve the employee’s mental wellbeing, allowing them to thrive.
How does an EAP help employers?
Although Employee Assistance Programmes are tailored to your staff, they don’t just have to benefit your team, they can also be beneficial to you as an employer. Not only do businesses see an average ROI of £10.85 per employee (EAPA, 2023), but they have some additional benefits to you too.
Increased productivity
According to data from the Office for National Statistics, 2022 saw businesses lose a record number of working days at 185.6 million due to sickness or injury. On top of that, new findings from O.C Tanner’s 2023 Global Culture Report found that nearly half of UK workers are finding their work exhausting. This has led to the UK businesses losing out on £340 billion per year, as a result of employee disengagement.
An EAP works to change that. When your employees are happy and healthy, they’re more likely to be engaged with their work, leading to a much higher job performance. A recent study found that more engaged employees have a 14% increase in productivity, resulting in a 18% increase in turnover (Gallup, 2023).
Reduced absenteeism
Employee absenteeism refers to employees taking reoccurring time off from work, costing UK businesses £20.6 billion in 2022 (BNW, 2022). An EAP aims to tackle this too, by helping foster a more engaged workforce it can reduce employee absenteeism by 41%.
You might even find your staff becoming more punctual, as their morning commute isn’t delayed by a physical or mental barriers.
Greater employee retention
By investing in an EAP and putting your best foot forward, you’re showing your team that you genuinely care about their mental and physical wellbeing. This sends a strong message with leads to employees becoming more engaged and satisfied within their role. The result of this is a higher employee retention rate which is critical to avoiding the costs of staff turnover and recruitment costs.
It’s estimated that replacing a salaried employee can cost between 6-9 month’s salary (Centric HR, 2022).
Greater employee safety
According to HSE, 2022 saw each employee in the UK lose an average of 10.6 days due to an injury. Employers can’t stop every accident from happening but if an injury is caused by mental stress, perhaps repetitive stress or a mental slip up causing a trip or a fall, this can be avoided by implementing an EAP. This would ensure your staff are taking care of their mental and physical health, making sure they’re safe at work and you as an employer aren’t at risk.
An EAP saves time
When your staff are using their Employee Assistance Programme to tackle their personal issues, it helps streamline your business, providing a centralised resource for your staff. This reduces the need for you as an employer, or your managers, to handle such matters, helping you save time and make the most out of your day.
Introducing Craven’s 360 Wellbeing Personal Support Programme – an affordable benefit for Employees & their families
We have some very exciting news to share. Craven have now partnered with 360 Wellbeing; a personal support programme; which is an employee affordable benefit. Previously only available for employees of large corporates or those with private medical insurance, 360 Wellbeing’s PSP makes essential health, wellbeing and financial services and discounts available for everyone at a fraction of the cost.
360 Wellbeing’s Personal Support Programme (PSP) provides a wide range of wellbeing and support services for today’s living from the self-employed upwards, giving all companies access to vital tools for their employees for modern day life. Our services are for the family as well as the employee, something that’s different and unique.
What’s included in the PSP?
- UNLIMITED GP cover – GP can also prescribe if needed. All GP’s are NHS registered.
- UNCAPPED sessions of therapy and counselling for any mental wellbeing issue.
- High street discounts. Over 1500 different ways to save money. Saving on food from supermarkets such as Morrisons, Tesco, Asda, Waitrose. Savings on DIY, Clothes, Holidays, Gym membership. There are over 1500 to choose from.
- EYE SCREENING tests with Ocushield. (unlimited use)
- Online fitness with Truconnect – Online work outs with Les mills, Yoga, Pilates
- Mindfulness – sleep programmes for those who struggle to get a good night’s sleep, Meditation
- Online mental health programmes for Anxiety, depression, Procrastination, coping, Seasonal affective disorder
- Legal help – Help and assistance with any legal matter though a 24/7 helpline.
- Free will writing service
- Healthy eating – healthy recipes to help with weight loss or to maintain a healthier living.
- Financial support – this is a fully supported service that review a persons income and expenditure and puts an action plan together to ensure effective management of their money.
- 3p off a litre of Diesel – with our partnership with UK Fuels
- Help and support for women going through the menopause and perimenopause. Also including a 15 min support phone call with a menopause practitioner.
- 12 months free of Motor accident assist – in the event of an accident we have you covered.
- 12 months free of Van accident assist – in the event of an accident we have you covered.
- 3 months free of Motorbike assist
- 3 months free of Cycle assist
- 3 months free of property assist
And wait for it the best news is that Craven can offer a discounted monthly amount of £3.50 per person, per month (rrp £3.99).
Employee Assistance Programme (EAP) – Craven Consultancy Services