Why to Combat Workplace Stress with Health and Wellness Programs
This inforgraphic shows us the staggering relationship between job stress and the costs of it, to the company and the individual. “Job stress, the #1 cause of stress in the U.S., is a leading factor in poor health and reduced creativity and problems solving ability, costing American businesses $300 BILLION dollars a year” Workplace stress, alone is a good enough reason to start a corporate health and wellness program, but you will find the rest of the stats in this graphic equally as compelling! Our play in health and wellness programs comes with the use of our clients’ gift cards as incentives for increasing employee wellness program participation and engagement. Healthcare insurance carriers and brokers, corporate health and wellness solution companies, and Medicaid and Medicare programs all purchase gift cards in bulk to achieve volume discounts.
Click to view the entire graphic and see why job stress reduction should be part of your health and wellness program.
Employee Loyalty (or not)
In today's job market, and as millennials begin to take over a significant part of the workplace, companies across all industries and sizes have been experiencing a lack of employee loyalty. Turnover rates are rising because people are always looking for the next phase in their career, some are even looking for a new career altogether. Younger members of the workforce seem to be leading the trend, as today's college graduates will have 9.8 jobs and will work until they are 65. At first this doesn't seem outrageous, however,61% of employees indicated they were either open to another job or actively looking. That means that more than half of America's workforce is "looking," and that is staggering and a scary thought for employers. Employee loyalty seems to be at an all-time low. Check out the infographic below to learn more about the lack of employee loyalty, and come back and visit our blog next week to see how to help improve employee loyalty rates.
Employee Praise Raises Revenue
Employee praise can actually raise your organization's revenue, so make sure your managers are like good coaches, cheering on players at all times. When managers support their teams and recognize a job well done with public praise, productivity increases and employees get more motivated to contribute to organizational success. There is nothing better for company morale, and peer education, than managers teaching teams and providing positive reinforcement. So start at the top and empower your managers, the effect will trickle down to the rest of your organization. Check out this infographic below to see how much potential there is for improvement with managing employees, and to see how to educate your managers to cheer on their team.
Who Is Engaged at Your Office?
Following the release of the 2013 Gallup "State of the American Workforce" study revealed some astonishing things about how much work employers have to do to engage their employees, since a whopping 70% indicated they were either not engaged or actively disengaged at work. The study also revealed which employees were more likely to be engaged at work. Did you know millenials and traditionalists (people at the beginning and end of their careers) are most likely to feel engaged in their jobs? Only 28% of Generation Xer's and 26% of Baby Boomers indicated they felt engaged at work. These numbers are indicative of a lapse in engagement in the workforce. Whether you engage employees in a health and wellness program (see who can lose the most weight), or a safety program, or provide professional development training and executive access, make sure your employees are happy. Disengaged employees cost an estimated $450-$550 billion per year in lost productivity. Keep your employees happy by providing perks and creating a company culture where team comes first and exceptional accomplishments are recognized. When an employee reaches a goal provide a reward like a summer Friday afternoon off, or small denomination gift cards to popular retailers like AutoZone, CVS/pharmacy or Boston Market, allowing employees to choose their own reward. Engaging employees at work will keep them with your organization longer and help improve your bottom line.
For more information about engaging employees and the new Gallup "State of the American Workforce" Study check out this article from Loyalty360.
Gamification fits for Employee Motivation
Gamification is rapidly growing as a tool for employee motivation. According to a new report from research firm
Markets and Markets, the gamification industry will be worth $5.5 billion by 2018, up from $421 million this year. With this significant increase, if your company isn't already gamifying employee motivation it’s time to start. The incredible predicted growth of the industry over the next 5 years is an indication that gamification is working and that both employer and employee adoption rates are on the rise. Driving employees to desired behavior and self-motivation through a social outlet is a double reward. Humans are social beings, so whether it’s productive to our work or not we seek out social opportunities at work. By implementing gamification employees get motivated to desired behaviors by providing rewards, and satiate their need for a social experience through an organizationally sponsored channel. The social outlet and small rewards like gift cards to retailers like
Speedway and
Boston Market, combined with the increased productivity motivated employees bring, creates a win/win for the whole organization. This double positive for employers and employees builds harmonious relationships that will maintain employee motivation long after the game is over.
