Companies that ensure their employees feel supported and have proper resources to prioritize their well-being have happier, more engaged and productive workforces, according to a survey by employee well-being hub Gympass.
Ninety percent of companies that measure their wellness programs see positive return on investment that contributes directly to their bottom line, the Return on Wellbeing Study found.
The research is based on an online survey of more than 2,000 human resource directors, managers, vice-presidents, and chief-level leaders whose organizations offer at least one general benefit and one wellness benefit. The survey covered nine countries, including the United States, the United Kingdom and Brazil.
Companies that measure the impact of their wellness program found that well-being benefits are very important or extremely important for employee acquisition (78 percent), satisfaction (88 percent) and retention (79 percent).
Eighty-five percent of survey respondents said wellness programs decreased the cost of talent recruitment, retention and/or engagement.
Eighty-five percent cited decreased use of sick days as a result of comprehensive well-being benefits.
78 percent reported their wellness program saved them money on healthcare expenses.
"The results of our first Return on Wellbeing study make one thing very clear: there is consensus among HR leaders that prioritizing the well-being of employees is key to driving company performance; however, many professionals still struggle with calculating the return on investment," said Cesar Carvalho, co-founder and CEO of Gympass. "Leaders who understand that a company's investment in its people is a direct investment in the business will succeed in the long run, and those that overlook the importance of employee well-being will inevitably fall behind. Our latest study not only showcases the importance of well-being in the workplace, but also provides guidance on measuring the impact — a crucial component as costs rise and necessities shift."
The research proves that when businesses support their employees by offering them well-being benefits, employees will be healthier and have more energy to devote to their work and help businesses thrive, according to Gympass Chief People Officer Livia Martini.
“By investing in employee well-being, businesses can attract and retain top talent, resulting in improved business outcomes,” she said.