With the average adult spending more half of their waking hours at work, it stands to reason that a person’s work environment and professional relationships play a key role in determining their overall well-being. What may be a little more fuzzy for some is the impact that that person’s overall well-being has on their organization.
Gallup research shows that American workers are disconnected from their work – they found 71% of people are “not engaged” or “actively disengaged” with their work. That’s a big chunk of us. Additionally, the Well-Being Index (WBI) shows that workplace well-being has been on the decline for the last few years. Whether you want to blame it on the economy or some other factor, it’s important to recognize the impact it’s having from your organization.
Findings from the WBI and Well-Being Assessment (WBA) reveal strong correlations between a person’s well-being and their engagement, productivity, performance, and healthcare spend. To put some numbers to it, we know that on average, for every 10 points you can move the needle in an individual’s overall well-being, you’ll realize a healthcare cost savings of $409, an 11% reduction in unscheduled absences, and 3 points higher engagement at work. Not bad, huh?
So how can you improve the engagement, motivation and well-being of your people? In this illustrated video, Daniel Pink talks about how workplace well-being can be improved through several key changes – the single greatest being motivation.