Corporate health and wellness as phrases have become universal within business, but on the surface they do appear vague. We like to split the definition into 2 components. One part is worker focused and the other business focused. Once you assess the health of these 2 groups you can get a comprehensive understanding of your corporate health and why it is important.
Worker Focused Health
As stated in the title, this component revolves around the health of your staff. We like to say that the health of your business relies on the health of its staff. Meaning if you improve the health of your staff your business output will improve. While health does refer to both mental and physical health, it does not exclusively mean this. Simply improving the culture of your office will improve ‘corporate health’. Therefore, worker focused health can be defined as an action that improves the health or working life of your staff. Here are some key forms of worker focused health.
- Physical Health
- Mental Health
- Office Culture
- Working Hours
- Employee Benefits
- Activities for your Staff
- Employee Engagement
- Continued Professional Development
Business Focused Health
Another side to corporate health is the business focused element. As you may be able to guess, business health can be viewed through the lens of profit, revenue or investments. However, there are many more elements involved in corporate health. Things like how well you treat your staff, training your staff and retaining your staff are also crucial for your businesses’ health. Here are some categories that determine the business focused health.
- Profit and Other Financial Concepts.
- Growth
- Staff Turnover
- Absenteeism
- Productivity
- Employee Satisfaction
- Employee Training/Progression
Why Corporate Health is Important?
Now corporate health has been defined, why is it important and how can you improve it? Hopefully its importance has become clear through our examples and our motto that the health of a business relies on the health of its staff. Health is tied to key statistics on financial growth and staff turnover. Moreover it is inextricably linked to health markers within your staff. Improving the health is where the phrase corporate wellness arrives. We run our own corporate wellness program which has be shown to be extremely effective. Find out more here.
