Wellbeing isn’t a buzzword. It represents a fundamental shift in our focus toward prioritising our mental health to achieve a comfortable, healthy and happy state of being.
At the same time, it is important to distinguish between mental health and wellbeing. Although the two are inextricably linked, mental health difficulties require a clinical diagnosis while wellbeing is what protects us from mental health issues.
As an organisation, investing in wellbeing doesn’t only empower individuals to grow at a personal level and help create a healthy and happy workplace, it also makes financial sense. Research has shown an investment of $1 into wellbeing to yield a return of $6, a benefit attributed to increased productivity and decreased absenteeism.
A thriving level of wellbeing among employees leads to fewer sick days, higher performance and a lower rate of burnout and employee turnover in an organisation.
Every year, employee burnout leads to lost productivity which costs the global economy an estimated $322 billion. Nearly 50% of the 5,000 full-time employees that took part in a survey conducted by McKinsey reported symptoms of burnout since the start of the Covid-19 pandemic. A similar study conducted by Gallup revealed a growing level of burnout among managers, with leadership reported to have more stress, anxiety and depression than the employees they manage.
There are five areas of wellbeing that can help people achieve a happy and healthy state of being:
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