Why Should You Care About the Well-Being of Your Employees?
We are seeing a massive shift in the current global workforce. Productivity, morale and engagement are down, and people are leaving their jobs at a higher rate than ever before.
The pandemic has had some unexpected side effects; a recent study found that 73% of workers are actively thinking about quitting their jobs, and millions have already done so last year alone. On top of that parents, especially mothers, are leaving the workforce at a much higher rate.
But do the problems we are seeing in the workforce stretch much further than we think?
What is going on behind closed doors?
The last few years have taken a toll on all of us. Burnout, depression and suicide rates are the highest they have been in decades. And companies can no longer ignore the well-being of their staff if they want to retain their talent.
With almost three-quarters of the workforce considering leaving, it is important to understand what is going on behind closed doors.
Research confirms that huge numbers of workers are unhappy with the current situation and these shocking numbers don’t lie:
- 54 % feel overworked
- 39 % feel exhausted
- 20 % say their employer doesn’t care about their work-life balance
Every year we spend billions on health-related absence costs
The healthcare costs of job-related burnout are currently guesstimated between $125-$190 billion in the US and £45 billion in the UK per year.
This is a rise of 16 % since 2016 — an extra 6 billion a year. On top of that, the average turnover costs companies 33% of the employee’s salary. That is about £1666 per employee per year!
Every year we flush money down the drain to cover these costs whilst there are preventative programmes and initiatives that could be introduced to significantly reduce these expenses.
What can we do to change?
When company culture, morale and engagement is down, employees will leave and expenses increase. If the problem is not fixed, it creates an expensive cycle that is unnecessary.
“How we define success as a culture has led to many struggling with guilt, anxiety, stress, burnout or worse… Is the way we define success ready for a drastic upgrade? With suicide still being the #1 cause of death for males in the UK (age 21–45), I believe it is time to open up the dialogue about the importance of (mental) health for the business, the people and the bottom line!” Susanne Grant
For many of us, just earning a paycheck and working hard isn’t enough to feel satisfied in a job anymore. Employees are looking for new groundbreaking ways forward that will support their work-life balance and wellbeing.
If you care about the business and the bottom line, it is important you act now, because it is an expensive “joke” not to care about the well-being of your employees.
Look at the data
At Grant Method, we propose a 5-phased approach to help your employees to be healthier, happier & more efficient as it is the way to drive better results & cut costs.
- The first phase is focused on inspecting the existing processes to avoid stress-related absence and turnover costs. This can be done via a survey or viewing other data like exit interviews etc.
- In phase 2, we establish the status quo including the collected data from phase 1.
- After phases 1 & 2, we will create a new success strategy that is in line with the company goals.
- Before moving forward to implement these new changes, we make sure the leadership team receives the support to be able to implement these changes easily.
- Once we move into the final phase, the leadership team will receive continuous support to implement their unique Success Framework effectively.
Conclusion
If we want to lead our team into the future we have to make mental health, well-being and work-life balance part of the quarterly and yearly objectives.
Because when we put people before profit, and family first, things don’t fall apart, things will fall together.
It’s time to normalise life beyond the desk.
Will you join us?
MEET SUSANNE GRANT
Two-Time Bestselling Author, Multi-Award-Winning Work-life Balance Expert, Keynote Speaker — Susanne Grant — will transform the way you think about success in the workplace as she is helping your employees to be healthier, happier & more efficient.
With her inspiring keynotes and engaging workshops, she is lifting the veil to help us understand how redefining success will drive better results and reduce costs. This will help us to challenge the status quo and understand why putting people before profit has an astonishing effect on productivity as well as the bottom line.
𝗞𝗮𝘁𝗵𝗿𝗶𝗻 𝗚𝗼𝗹𝗱𝗮𝗺𝗺𝗲𝗿 — 𝗠𝗮𝗻𝗮𝗴𝗶𝗻𝗴 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿, 𝗙𝗼𝘂𝗻𝗱𝗲𝗿 & 𝗖𝗘𝗢
“𝘞𝘦 𝘪𝘯𝘷𝘪𝘵𝘦𝘥 𝘩𝘦𝘳 𝘢𝘴 𝘢 𝘴𝘱𝘦𝘢𝘬𝘦𝘳 𝘣𝘦𝘤𝘢𝘶𝘴𝘦 𝘸𝘦 𝘸𝘦𝘳𝘦 𝘪𝘮𝘱𝘳𝘦𝘴𝘴𝘦𝘥 𝘣𝘺 𝘩𝘦𝘳 𝘣𝘰𝘰𝘬 𝘢𝘯𝘥 𝘸𝘢𝘯𝘵𝘦𝘥 𝘵𝘰 𝘣𝘳𝘪𝘯𝘨 𝘢 𝘴𝘱𝘦𝘢𝘬𝘦𝘳 𝘸𝘪𝘵𝘩 𝘩𝘢𝘯𝘥𝘴-𝘰𝘯 𝘢𝘥𝘷𝘪𝘤𝘦 𝘧𝘰𝘳 𝘰𝘶𝘳 𝘮𝘦𝘮𝘣𝘦𝘳𝘴. […] 𝘐𝘵 𝘸𝘢𝘴 𝘨𝘳𝘦𝘢𝘵 𝘩𝘢𝘷𝘪𝘯𝘨 𝘚𝘶𝘴𝘢𝘯𝘯𝘦 𝘰𝘯 𝘵𝘩𝘦 𝘱𝘢𝘯𝘦𝘭 — 𝘴𝘩𝘦 𝘪𝘴 𝘢 𝘨𝘳𝘦𝘢𝘵 𝘴𝘱𝘦𝘢𝘬𝘦𝘳 𝘢𝘯𝘥 𝘦𝘹𝘱𝘦𝘳𝘵 𝘰𝘯 𝘵𝘩𝘦 𝘴𝘶𝘣𝘫𝘦𝘤𝘵.”
𝗥𝗼𝘀𝗮 𝗣𝘂𝗲𝗻𝘁𝗲𝘀 𝗙𝗲𝗿𝗻á𝗻𝗱𝗲𝘇 — 𝗛𝘆𝗱𝗿𝗼𝗴𝗲𝗻 𝗮𝗻𝗱 𝗚𝗮𝘀 𝗤𝘂𝗮𝗹𝗶𝘁𝘆 𝗔𝗱𝘃𝗶𝘀𝗲𝗿
“𝘚𝘩𝘦 𝘩𝘢𝘴 𝘵𝘩𝘦 𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘵𝘰 𝘢𝘥𝘢𝘱𝘵 𝘵𝘩𝘦 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘵𝘰 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘵 𝘢𝘶𝘥𝘪𝘦𝘯𝘤𝘦 𝘥𝘦𝘮𝘢𝘯𝘥𝘴 𝘢𝘯𝘥 𝘮𝘢𝘬𝘦 𝘵𝘩𝘦𝘮 𝘧𝘦𝘦𝘭 𝘤𝘰𝘮𝘧𝘰𝘳𝘵𝘢𝘣𝘭𝘦. 𝘚𝘩𝘦 𝘬𝘯𝘰𝘸𝘴 𝘩𝘰𝘸 𝘵𝘰 𝘨𝘳𝘢𝘣 𝘵𝘩𝘦 𝘢𝘵𝘵𝘦𝘯𝘵𝘪𝘰𝘯 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦 𝘷𝘦𝘳𝘺 𝘣𝘦𝘨𝘪𝘯𝘯𝘪𝘯𝘨 𝘢𝘯𝘥 𝘬𝘦𝘦𝘱 𝘵𝘩𝘦 𝘢𝘶𝘥𝘪𝘦𝘯𝘤𝘦 𝘦𝘯𝘨𝘢𝘨𝘦𝘥. 𝘐 𝘸𝘪𝘭𝘭 𝘥𝘦𝘧𝘪𝘯𝘪𝘵𝘦𝘭𝘺 𝘤𝘰𝘶𝘯𝘵 𝘰𝘯 𝘩𝘦𝘳 𝘧𝘰𝘳 𝘧𝘶𝘵𝘶𝘳𝘦 𝘱𝘢𝘯𝘦𝘭𝘴.”
Customised to fit your needs- whether remote or in-person, from a one-hour overview to a six-week intensive. T&C apply. Message Susanne Grant via Linkedin for more information or click here to talk to Susanne directly.
About FEM
FEM stands for Feminist Entrepreneurs Magazine (or Finally Eradicating Misogyny, if you’re feeling cheeky), and is a House of Hives publication. We started this magazine to support entrepreneurs who feel disenchanted with the 24/7 hustle culture, the competitive narrative of toxic masculinity and narrow definitions of success, value and wealth that it peddles. We want to talk about balance, the importance of mental health, the power of collaboration and diversity, and much more.
We hope to inspire and support entrepreneurs as they build their businesses in enjoyable and sustainable ways, by sharing stories and tips from thought-leaders and change-makers. Join the mailing list to have the FEM e-magazine sent directly to your inbox.
Originally published at https://www.linkedin.com.
