Workplace wellbeing is a huge challenge facing employers. Many organisations are still unaware of the role they can play in supporting their employee’s mental and physical health, with only 13% of HR and business managers in the UK believing their organisation has an effective wellbeing strategy. There is an exciting opportunity for the West Midlands to lead in encouraging employers to better support their employees and take control of workplace wellbeing.
Mental and physical wellbeing is something that affects us all at various stages of our working lives. It is likely that everyone will develop some kind of mental or physical health condition at some point within their working lifetimes. 1 in 3 current employees in the U.K will have a long term health condition, whilst 1 in 8 will have a physical health condition.
Poor workplace wellbeing effects an employee’s ability to effectively engage with their colleagues, managers and work. Happier and healthier employees will be more able to work efficiently and in a more sustainable manner. Around £1.7 Billion is currently lost in output and productivity by employees in our region as a direct result of poor workplace wellbeing.
There is still significant stigma surrounding mental health and physical health conditions in the workplace, with many employees feeling unable to discuss these challenges with their employers or even take the time off as necessary. As a result presentism is a growing problem for the West Midlands Economy, currently costing just over £1 Billion per year.
Almost 1 in 6 people of working age have a diagnosable mental health condition
42% of employees with a health condition felt their condition affected their work ‘a great deal’ or ‘to some extent’
Costs of presenteeism (attending work while ill) are estimated to be £30bn annually