Keeping employees healthy could go a long way in boosting the workplace morale and performance. A culture of wellness has a big role to play in employee retention. In fact, the 2017 Cigna 360° Well-Being Survey found that 59% of employees say that a workplace wellness culture would impact their decision in joining a new employer. Investing in employee wellness makes for strong business sense. Healthy employees take fewer sick days off and are also more engaged with their work.
In fact, as per Mercer studies, sick leave could cost Singapore a whooping S$3.3 billion of productivity loss by 2030, as employers have to bear the wage cost of both the sick employee and the temporary stand-in as well. Missing employees also affect workplace morale and productivity. No one likes to be bombarded with additional work, especially at a short notice (which is likely the case for sickness absenteeism). For small businesses with limited manpower, such an impromptu change of plans could throw things into disarray. Establishing a culture of wellness is vital for all sizes of business.