By Health Shield | Posted 29th June 2018 | Employer Blogs
Ensuring the health of employees is a big deal and HR departments are under increasing pressure to look after all areas of an employee’s health. Recent statistics show that 42% of employers target early interventions as a primary task and the benefits of doing so are becoming more commonly recognised. Intervention is about taking action as early as possible to tackle problems before they become difficult to reverse.
Providing support to employees is closely linked to business success and in order to support that, being switched on to intervention methods is pivotal. Including intervention in wellbeing strategies can help achieve business objectives and reduce absenteeism, whilst increasing productivity. Absences cost UK businesses in excess of £500 per employee every year and many businesses are implementing strategies which support employees to seek early intervention solutions. It is becoming increasingly popular to provide the tools and motivation for employees to take care of their own health with tools such as virtual GPs, EAP services, meditation and mindfulness techniques. Having a good health and wellbeing strategy is the basis of a positive, proactive, and healthy workforce. Many executives understand that employees are led by example, and instilling a wellbeing ethos from the top of the company and filtering down is the best way to engage with staff and communicate the benefits available.
A key objective for companies when implementing intervention strategies is to prove return on investment—ensuring employee offerings are right for a company and engaging with their workforce is imperative to make a positive impact.
It may come as a surprise that 39% of companies are not tracking their absence rates. Monitoring these numbers effectively can provide real insights into how to improve things within a company and help to calculate return on investment. They will provide a guide to what employees see as being most important and show in which areas employers can have the biggest impact.
Top outcomes from studies that support the need for intervention at the earliest opportunity:
- Can reduce sick leave and lost work productivity in employees with musculoskeletal problems by more than 50%
- Can reduce the risk of job loss and/or permanent work disability by up to 50%
- Can reduce the risk of further mental health problems by up to 50%
- Businesses can be 9% more productive
Being proactive with your intervention strategy can prevent short-term problems becoming long-term and can even limit the risks of some sickness absences happening at all.
Benefits like a Health Cash Plan are invaluable to a company, particularly when they want to offer treatments to employees as benefits such as an EAP service or health screening. A client of Health Shield saw their sickness rates drop from 4.5% to 0.5% in less than three years after introducing a Health Cash Plan.
Health Shield Insights