How Corporate Health and Wellness Affects Community Development
Many companies are now investing in corporate health and wellness in order to promote better work output within their organisation. With corporate health gaining traction in the workforce industry, it is not surprising that many businesses are arriving into the scene to offer up their brand of corporate health products and services.
This rise in popularity of the corporate health industry is seen not only as a valuable tool in boosting company performance, it is also in fact a great instrument that can improve the development of a local community.
There is basically a domino effect that occurs. Healthy employees are expected to perform their work better than unhealthy ones. When worker performance is improved, a company is also expected to improve its economic standing. When there are many companies experiencing a rise in profits within the community, the overall working condition of the locality is also enhanced.
The community becomes positively affected by the favourable economic upturn all because of the introduction of corporate health and wellness.
Corporate Health Prevents Unemployment
A company that offers corporate health programs to its employees can signal to its workers that the company is truly looking after their wellbeing. When employees feel that they are well taken cared for by their company, then that can create a high sense of morale among the workers. When there is high morale, loyalty to the company is also expected to improve.
A company with loyal employees will be able to keep their valuable and tenured workers because these employees will want to stick to the company that cares for them. This in effect helps the company from avoiding human resource costs during the recruitment process in the event that employees decide to get out of the company. When there is high retention of employees within the majority of the companies in a community, then low unemployment rate can be expected within that locality.
Promote Health and Wellness in the Community
Corporate health promotes employee retention within the company because it equips the employees with strong immune defence against sicknesses and illnesses. This creates a strong defence against absenteeism from work within the community. These types of employees are therefore more motivated to work better, which will indirectly uplift the economic status of the community.
Another effect of corporate health within companies is that more employees can become health conscious. These health conscious individuals can also influence their family members to observe and practice good health and proper diet. In effect, this leads to health conscious residents of the community that all together promote health and wellness.
Improve Community Business Performance
If the community has a workforce that is prone to sickness then the companies within the location will be prone to terminate these employees and will be forced to look for new ones to employ. This is expensive stuff for the companies and will have a negative effect on the community, as well.
With the introduction of corporate health, employees will attain a strong and healthy immune system defence that can help them avoid diseases and improve their quick recovery from certain sicknesses or illnesses. When they are healthy, they are not prone to absences and are therefore expected to produce output of high quality and quantity. Additional costs from work-related injuries and accidents will also be avoided. This will boost the companies’ savings.
Additionally, a healthy workforce will also benefit the employees who will avoid the pressure for those who are present to cover for the ones who are absent.
Elevate Community Reputation
If the companies comprising a certain community employ corporate health, it can create a very positive reputation for the locality. That community can become known for housing some of the best companies to work for and this can be a great way to attract talented and high-quality workers.
If these companies become known for producing the best products and services because they employ the best workers, then that can become leverage for the companies to increase the rates in their products and services. The values of these companies in the stock market will then consequentially increase. And the community where these companies are located will be known for being a hub of the best business establishments.
Many businesses owners will flock to that location to become part of the development. The local community will then have the power to increase its real estate rates and other business-related expenses. With these rates increased, that community will enjoy high income tax revenues. The local residents can then be positively affected because there will be more funds for healthcare costs, to build establishments, improve the community’s sanitation, and many more.
Promotes Quality and Productivity within the Community
With the introduction of corporate health into the company, high quality and productivity are expected from the employees, and for which they can definitely achieve. The high standards that the company adheres to may become the benchmark to aspire for by the local community. And you can expect these types of companies to persist within their industry and rise above their competitions. Therefore, this indirectly affects how the community sets its standards too.
A trickling effect can also occur among the young residents within that community. If the companies within the community become well-known for high quality standards with prolific output, then the young generation can seek to work for them. The community will then have a set of formidable young generation that has set its mind on settling only for the highest quality of work output.
Health is Wealth
What happens in a single person can truly affect how an organisation behaves, which in turn directly or indirectly affects the future of a certain community. Therefore, promoting good health within a company cannot be stressed enough because of its wide-ranging effects.
What the community must do is to support the endeavours of the various companies located in the locality. These companies may also extend their health and wellness programs beyond their employees by offering programs suited for the local community.