Leading Wolverhampton-based health cover provider, Paycare, is reminding employers across the region about the importance of employee wellbeing, and how a happy and motivated workforce is not only more productive, but can have a direct impact on a business’s profitability.
“A company’s success is hugely dependent on its team’s performance, and with employee absence costing UK businesses an estimated £30 billion a year in wasted wages, lost working days and decreased productivity, the health and wellbeing of staff really is an issue that should be at the forefront of any manager’s mind moving into the New Year,” explained Paycare CEO, Kevin Rogers.
“The good news is that there are a number of strategies managers can employ to not only ensure their most precious assets are happy and healthy, but to bring a whole host of benefits to the wider organisation too.
“For example, you could try introducing healthier food in the canteen or installing bike racks to encourage cycling to work. In addition, you could consider training senior level staff members to recognise the signs of staff anxiety and stress in the workplace, and encourage them to be proactive when it comes to supporting employees who may be vulnerable.
“And with wellness incentives like discounted gym memberships, and healthcare plans such as those offered by Paycare, staff benefits can encourage employees to take better care of their health, which in turn helps increase motivation, productivity, and morale.
“Introducing simple measures like these really can help decrease employee absence, increase productivity and offer that competitive edge. Ultimately, employers hold a unique position in which they can positively influence their staff, and investing time and money in the short-term can have a huge impact and ensure employees’ health isn’t costing their business,” Kevin concluded.
A well-respected and dedicated not-for-profit health cover provider, Paycare has helped individuals, families and businesses across the Black Country and Wolverhampton protect themselves against everyday healthcare costs and bills for over 140 years. For further information about Paycare’s full range of health cover please call 01902 371000, email enquiries@paycare.org, or visit paycare.org.