August 13, 2018
It’s really hard to know how you’re going with your health goals if we think beyond the typical weight loss measures of kilos on the scale or centimetres on the tape measure. Tracking your progress is one of the best ways to keep you accountable, plus provides a good motivator for smaller goals that are achieved along the way.
We often find with our clients that the scales and weight loss may not be shifting, despite consistent exercise and clean balanced eating. Unfortunately, health is not as simple as calories in and calories out, with elements like sleep, stress, a sense of purpose, confidence, and of course happiness all playing a part in contributing to our health.
The figures from the Wellbeing and Resilience Centre at the South Australian Health and Medical Research Institute (SAHMRI) tell a clear story, with the Centre establishing that human wellbeing is the single most important issue for our population, economy and way of life. In other words, we can’t afford to leave wellbeing to the individual only anymore if we are to create a thriving society and country. Mental illness alone costs the Australian economy $190 billion each year, or 12% of GDP! This is the equivalent of nine million days of work every year.
High performing workplaces have been found to have significant competitive advantages compared to their peers such as:
Up to three times more profitable
25% more innovative
23% better at retraining new employees
12% more productive
The research shows that if an organisation is not looking at wellbeing, then you won’t have great productivity, will lack innovation, and you won’t be an employer of choice.
Corporations are starting to acknowledge the role that they play on employees’ health, and overall there is a move towards dealing with our health proactively rather than reactively. Employee wellbeing has previously been seen by many as too subjective and obscure to have any tangible ROI or measurable way to demonstrate the effectiveness of programs targeting this.
Introducing an index which measures key elements of overall employee experience, which can be benchmarked to other industries and tracked over time, not only allows workforces to be better equipped to have effective wellness initiatives, but also empowers employees to take personal responsibility with their health, supported by their employer.
At EBM, we created a new index for measuring overall wellbeing in the corporate space. The creation of this index went through a rigorous research process (we won’t bore you with the details!) but allows you to compare your individual scores, industry scores, and compared to the broader corporate Australia rating. All in a quick 5 minute survey! You can see our model that includes four sub-indexes for the key categories.
If you’re interested in getting your own score or getting your organisation involved, email us to find out more!