The word ‘wellbeing’ gets thrown around a lot these days. But what is wellbeing, and why might it matter to you, your team and your workplace?
In its simplest form, wellbeing is our ability to feel good and function effectively. At work, this means that you enjoy your work and do it well. For example, studies have found that people with higher levels of wellbeing are:
- More resilient and have more energy
- Charitable and liked by others
- Able to learn more effectively and be more creative
- Up to 8x more engaged in their work and 3x more productive
- Healthier and happier
And that high functioning workplaces that help support people’s wellbeing have:
- Happier employees and are 4x less likely to lose talent
- An average reduction of 30% in sick leave and 32% in safety claims
In fact, based on improvements in lower absenteeism, presenteeism and health claims alone, PwC estimate that for every $1 spent on improving wellbeing, companies are likely to see a return on investment for action of $2.30 in benefits for the organization.
Find out more in our free, fully cited, business case for wellbeing at work.