6 Key Reasons To Hire A Wellbeing Coach For Your Organization
Itโs an irrefutable fact: wellbeing coaching positively impacts employee retention and reduces absenteeism.
Here are 6 key statistics and findings that prove this:
1. Increased Retention Rates:
- Gallup reports that employees who are engaged and have access to wellbeing programs are 59% less likely to seek a new job in the next 12 months
- Health insurance company Aetna found that their wellbeing programs reduced turnover rates by up to 50% among participants compared to non-participants.
2. Enhanced Job Satisfaction:
- The Society for Human Resource Management (SHRM) noted that companies with wellbeing programs reported a 38% increase in employee job satisfaction, which correlates with higher retention rates.
3. Reduced Absenteeism
- Harvard Business Review reported that absenteeism dropped by 14% on average in organizations that implemented wellbeing coaching.
- Corporate Wellness Magazine found that companies with comprehensive wellbeing programs saw a 28% reduction in sick days.
4. Increased Productivity and Reduced Sick Leave
- A study by the American Journal of Health Promotion showed a 25% decrease in absenteeism in employees who participated in wellbeing programs.
- RAND Corporation highlighted that wellbeing programs focusing on mental health reduced absenteeism by 35%.
5. Improved Health Outcomes:
- Employees who engage in wellbeing coaching report better physical and mental health, leading to reduced absenteeism due to illness.
- Journal of Occupational and Environmental Medicine found that wellbeing initiatives reduced healthcare costs for employees by 26%, indirectly reducing absenteeism due to health issues.
6. Enhanced Employee Engagement:
- Deloitte reports that companies with strong wellbeing cultures have employees who are 31% more engaged, contributing to higher productivity and lower absenteeism.
There is no doubt that investing in employee wellbeing through coaching and other programs can significantly benefit organizations by enhancing retention and reducing absenteeism. The important part is ensuring that you choose the right coaching solution for your organization. Choose a coach who is good at listening for the wellbeing gaps and who knows how to close them. Book in for a complimentary chat to discuss how I can help.