Long hours, high-stress and being desk-bound are all fairly common in city finance. Couple that with poor nutrition and a culture of after-work drinking and you have a recipe for unhealthy staff performing sub-optimally. Here’s our six-point guide to corporate wellness for working life in the finance industry:
Reports this year by Vitality and RAND Europe have shown a rise in the average level of presenteeism in the UK from 27 days to 30.4 days per employee per year. That’s an entire month of productivity lost. Not a working month; an actual calendar month! So what exactly is presenteeism and how can we stop it killing productivity?
It might sound like an amalgamation of buzzwords, but data-driven corporate wellness is a methodology designed for companies who want more than just a nice “fluffy” wellness programme.
Most forward thinking managers and HR teams know that corporate wellness can be effective. But many companies are creating programmes and have no idea whether they are effective. Unless you are just doing it to be altruistic (nothing wrong with that), it’s a good idea to know the follwing things:
Why are you creating a Corporate Wellness Programme?
What strategies will be most effective?
How do you quantify success?
There are two clear arguments in favour of corporate wellness programmes; the moral duty to look after people who create value for your company and the obvious fact that healthy and engaged staff will create more value. For now, let’s focus on the second point as it is fair to say that most business leaders can agree with this.
Absenteeism, presenteeism and staff turnover are the big three terms we hear thrown around a lot these days. Most HR publications will give you a yearly update of the latest figures and industry averages. We can be fairly sure that inefficiencies due to these metrics WILL be costing your company money. The real question is, “how much are they costing …