Prioritising employee wellbeing for business success

By RfM Transform

16 Oct 2023

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You've probably heard the saying, "A happy employee is a productive employee." At RfM Transform, we think it goes a little deeper than that. We'd say, "A happy employee is the cornerstone of a resilient and high-performing business. When your team thrives, your business thrives too."

Why Employee wellbeing Matters

We're talking about more than a well-stocked kitchen or even some nice office plants. Employee wellbeing is about creating an environment where people can bring their whole selves to work. It's about aligning your business objectives with the personal goals and wellbeing of the people who work for you. It's not an HR box to tick; but it is a strategy that pays dividends.

Building a wellbeing Framework

So, let's look at what goes into creating a wellbeing-focused environment. Clear expectations and goals aren't just about giving people targets; they're about providing clarity and purpose. When your team knows what's expected and why it matters, they're empowered to give their best.

Training and development go hand-in-hand with this. It's not just about seminars and qualifications; it's about creating a culture where ongoing learning is valued and rewarded. That enables your team to grow both professionally and personally, which brings new ideas and energy into your business.

Effective communication is another linchpin. Employees who feel heard and respected are more likely to be engaged and loyal. But it's a two-way street. Yes, they should be kept in the loop about company changes, but their opinions should also be sought and valued.

What Happens When wellbeing is Neglected?

Ignoring wellbeing doesn't just mean a few disgruntled workers; it has a real business impact. High turnover rates aren't just inconvenient; they can cost up to twice an employee's salary when you factor in recruitment and training. Not to mention the negative impact on your team's morale.

And what about absenteeism? Everyone has a sick day now and then, but chronic absenteeism can also signal a problem with wellbeing, with a ripple effect on productivity and team morale. Then there's the cultural aspect. In a neglectful environment, stress levels rise, communication breaks down, negativity abounds and you may find it hard to attract or retain top talent. 

Why This Matters for Your Bottom Line

Investing in wellbeing isn't just a fluffy, feel-good concept; it's a serious business strategy. Engaged employees are more productive, stay longer, and they turn your customers into fans. If you treat your people well, they'll treat your clients well. It really is as simple as that.

"Investing in the wellbeing of your team is like investing in a quality toolkit; it empowers them to build something remarkable." -Tony Backhouse, RfM Transform

If you're looking to make wellbeing a cornerstone of your business strategy, don't hesitate to get in touch with the HR team at RfM Transform.

Small businesses can Transform the world!

If you'd like help in reviewing your business values and company culture to ensure your employees thrive and your organisation effortlessly attracts and retains the very best talent, then speak to Tony Backhouse or one of the HR team at RfM Transform. 

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