Since the onset of COVID-19, wellness has been a top concern for individuals and organizations. Between social isolation and increasing levels of stress and anxiety, adults across all age groups have struggled mentally and physically during this time, which in turn has played a role in their experiences at work.
Through employee engagement efforts like workplace wellness challenges, companies can boost morale among employees while helping them work toward their personal goals. Why should your organization conduct a corporate wellness challenge? Here are a few of the benefits.
A focus on well-being leads to better performance at work.
Research shows that by prioritizing well-being, companies can unlock employees’ full potential in the workplace. According to a study by Accenture, there are six dimensions of well-being that can affect our performance: emotional and mental health, relationships, physical health, financial wellness, sense of purpose and employability. This study determined that 64% of our potential is determined by how we feel across these dimensions, and showed that in organizations that championed workplace well-being, 94% of employees reported putting significantly more effort into their work. In the past, organizations have placed more of an emphasis on the dimensions of financial wellness and employability, but experts recommend more of a holistic approach to really maximize employees’ potential.
Employee engagement has a powerful effect on your bottom line.
A recent Gallup study revealed that companies with top level employee engagement outperformed their peers in customer ratings, profitability and productivity. Those highly engaged organizations also experienced 25-65% lower turnover and 41% fewer safety incidents and quality defects. One way for companies to create more engagement among employees is through gamification, such as corporate wellness challenges. Gamification can reward your employees for positive feedback while providing them with feedback. Through our Corporate Health Challenges portal, leaders can customize these challenges to incentivize the actions of your choice.
Employee engagement can improve teamwork and company culture.
Through gamification, employees often feel more motivated to succeed, while having that sense of accountability and camaraderie. Health challenges are a great way to inject more fun into the workplace, and in one survey, 72% of respondents felt that gamification inspired them to work harder. During the pandemic, adults have experienced higher levels of stress and burnout, which have translated to the workforce and do affect performance. By engaging with employees through gamification and health challenges, leaders can demonstrate their commitment to employee well-being and foster a greater sense of positivity and teamwork.
By investing in employee wellness programs, organizations can lower their overall healthcare costs.
Through corporate wellness challenges, companies can encourage positive and healthy behaviors that keep employees in “low risk” categories. These programs can help alleviate common risk factors, such as smoking and obesity, which can be more expensive to insure and lead to higher costs in the long run. According to the CDC, a well-implemented workplace health program can yield 25% savings on health care costs and absenteeism. By implementing a corporate wellness program, companies can combine that focus on healthcare with the proven benefits of gamification.
By focusing on employee engagement and wellness, companies can better serve their team members and improve performance as a whole. To learn more about our Corporate Health Challenges portal and how you can personalize this experience for your organization, click here.
Corporate Health Fairs Offers
Employers – complete no-cost health and wellness events designed to engage and energize their most valuable assets… employees and executives. Custom-tailored solutions that empower employees to take a proactive role in their own wellness via direct access to our spectrum of local health development services and service providers.
Healthcare and Wellness Providers – Access to potential clients in an environment designed to foster health & wellness.
Insurance Brokers and Distributors – A unique business model that delivers a tremendous value-added benefit for your clients.
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