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Studies show that employees express feelings of exhaustion at an alarming degree of 44%, where nearly 25% are emotionally drained, and 23% to 30% are frequently annoyed, anxious and overly stressed on a weekly basis. L<\/span>eading <\/span>organisations<\/span> are keen to respond to this, and are beginning to find solutions. <\/span><\/p>\n A quality wellness program must <\/span>evolve continuously, be tuned to the needs of the employees, and deliver a return on investment<\/span>. But how do we begin tracking this return, or ROI? <\/span><\/p>\n Below, we discuss some ways of beginning to measure ROI for your program.<\/span><\/p>\n \u00a0<\/span><\/p>\n An initial, and perhaps one of the more obvious ways of collecting data, is to conduct surveys before the onset of the program to give yourself a baseline assessment. This may involve collecting what it is that staff want, as well as current trends. This will not only give you the data you need to run comparisons later, but may also help you demonstrate to senior leaders what it is you are trying to achieve. <\/span><\/p>\n <\/span>An evaluation after the program will in turn give an overview of areas to improve, and running an anonymous employee survey could provide benchmarks to get a good feel of the program\u2019s efficacy. Be careful here that you capture opinions as well as general HR trends by looking at the difference between HR analytics and People analytics.<\/a><\/span><\/p>\n <\/p>\n \u00a0<\/span><\/p>\n The rate of employee participation is an<\/span> important metric to consider using.<\/span> A<\/span> high participation rate for your program is a key indicator of success, is a very simple metric to collect, and one that can be easily demonstrated to senior leadership. You should attempt to increase this figure over time, and upon delivering a successful program, you would expect this to increase through word of mouth.<\/span><\/p>\n Cost is important <\/span>in the\u00a0<\/span>creation and design of <\/span>your\u00a0<\/span>we<\/span>llness program. It may very <\/span>we<\/span>ll hinder the progress of the program if it is deemed to be too expensive to run<\/span>. In line with this, an organisation will also be interested in a program that does not take up too much time of it’s employees. Therefore, you may want to consider measuring various interventions and activities for time and cost, so this can be presented to senior leadership. Of course, you may want to compare this with other items such as participation rates, as it is no use having a low cost & time if nobody attends!.<\/span><\/p>\n <\/p>\n \u00a0<\/span><\/p>\n Absenteeism is simply the amount of time an employee is absent from work. A comprehensive wellness program should<\/span>reduce the rate of absence, and so monitoring the rate of people on the program is an important indicator of success. Of course, this could be difficult as you run into issues with keeping staff data anonymous. In addition, the ability to compare this with staff not on the program could be difficult as this will be different in every organisation; but where possible, this can be a great indicator of progress.<\/span><\/p>\n <\/p>\n If <\/span>you\u00a0<\/span>overlook the importance of wellbeing <\/span>programmes<\/span> in your <\/span>organisation<\/span>, the likelihood is that the productivity of your employees will <\/span>decrease<\/span>.<\/span> When employees experience a sense of <\/span>burnout<\/span> they are most likely to turn in low quality work that will ultimately incur a drop in productivity.<\/span>\u00a0<\/span>IFEBP (International Foundation of Employee Benefit Plans) research confirme<\/span>d<\/span> that <\/span>organi<\/span>sa<\/span>tions<\/span> with quality wellness programs ha<\/span>ve a<\/span> 66% increase in rate of productivity as well as a 63% increase in growth and financial sustainability<\/span>.<\/span> This can be quite a difficult statistic to get hold of for your own organisation, but if possible, this can be an invaluable statistic. If you would like more info on how to get hold of this data, then try a Lumien Free Trial.<\/a><\/span><\/span><\/p>\n <\/p>\nSurvey<\/span><\/strong>s<\/span><\/h2>\n
Participation rates of program<\/span><\/strong>\u00a0<\/span><\/h2>\n
\u00a0<\/span><\/h2>\n
Cost and Time of program<\/span><\/strong>\u00a0<\/span><\/h2>\n
Absenteeism of Staff on the Wellness Program<\/span><\/strong>\u00a0<\/span><\/h2>\n
Productivity of Staff on Program<\/span><\/strong>\u00a0<\/span><\/h2>\n
Conclusion<\/span><\/h2>\n