Case Studies & Benefits.
The Case.
The benefits that MCE provide can be viewed in three parts - benefits to individual employees, benefits to the employer and benefits to the business goals.
Nevertheless, it is generally accepted that we should see the three areas as interconnected, as achieving a sustainable profitable company goes hand in hand with investment in the employee`s wellbeing.
Apart from the evidence provided by MCE`s client companies, numerous independent studies and well known names have reported the same tangible benefits from having workplace care and wellbeing within the culture of the organisation.
Employee, Employer & Company Benefits.
The positive benefits for the workforce include greater happiness, less stress, a more positive environment, healthier staff, increased work focus, better team relationships, individuals feeling a greater sense of value, and a more meaningful quality of life.
The positive benefits for the CEO, business owners or managers, include less stress, more time, greater ability to focus on company strategy, a more supportive workforce, a greater sense of accomplishment, and a happier, healthier work life.
Company benefits include a reduction in sickness absence, staff turnover, accidents and injuries, claims, and less resource allocation, with an increase in employee satisfaction, company profile, productivity, competitiveness and profitability.
Studies & Evidence
Standard Life in the first year after adopting a wellbeing in the workplace approach estimated it had saved them 1 million pounds. Staff turnover was down 13% and absenteeism was down 25%, to name but a few positive results.
Other big names like EDF energy and Grimsby institute have seen immense benefits from similar employee wellbeing provision.
Pricewaterhouse Coopers carried out extensive research, by monitoring case studies and concluded "Workplace wellness makes commercial sense"
A Gallup study stated "The well-being of employees is also in the best interests of employers who spend substantial resource hiring employees and trying to generate products, profits and maintain loyal customers."
Professor Mike Kelly, director of public health at NICE said in regards to wellbeing in the workplace, "the financial incentives for employers adopting these approaches are significant." He estimated an average organisation can expect to save £250 per employee each year due to reduced absenteeism and increased performance.
A company with 100 staff could save £25,000 per annum!
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