It costs an average of $23,860 and 40 days to hire an employee. Here’s one way to keep them…

In a nutshell, promoting physical health and fitness, and providing the tools for a healthier lifestyle for their employees, help companies become an ‘Employer of Choice’, where people want to work.

October 11, 2023

When companies demonstrate a genuine concern for the well-being of their employees, they feel valued and appreciated, leading to higher job satisfaction, increased ability to attract talent, and increased retention rates. The evidence is clear…

A study from Barr-Anderson et al. concluded “All reviews systematically demonstrate that the initiatives of health promotion in the workplace that attempt to improve fitness and physical activity result in more employee commitment and finally improve job satisfaction”.

Ackland et al. revealed “Based on the achieved outcomes, implementing both activities of physical fitness and health programs will improve work context in many different ways, such as increasing job satisfaction, more employee commitment and less job stress of employees”.

In a nutshell, promoting physical health and fitness, and providing the tools for a healthier lifestyle for their employees, help companies become an ‘Employer of Choice’, where people want to work.

In addition to improving “the bottom line,” creating a culture of health in the workplace by encouraging and supporting healthy behaviours like physical activity can help attract and retain high quality employees.  By attracting and retaining talent, and helping those employees remain healthy and productive, physical activity programs can yield a wide range of significant business benefits.

A VirginPulse and Workforce study of 361 companies and 3,822 employees found nearly “90% of employees consider health and wellness paramount” and are “happier at a company that promotes a healthy work culture”.

Not only that, over “88% of surveyed employees claimed access to wellness programs weigh heavily in their decision to join and remain at a company”.

The Health and Productivity Institute of Australia (HAPIA) found organisations that don’t promote health and wellness “are four times more likely to lose talent” in the next 12 months.

The Australian Government’s Comcare. ‘Benefits to Business: The Evidence for Investing in Worker Health and Wellbeing’ report found that when employee health and wellness is managed well, the “percentage of engaged employees increases from 7% to 55%”. This research also found “self-reported creativity and innovation increases from 20% to 72%”.

It’s clear that demonstrating a sense of corporate social responsibility in regard to employee health can improve your organisation’s image with the public, and helps to not only attract the best talent but retain that talent long term.

Given the cost of hiring someone exceeds $23,000 in 2023 and takes more than 40 days, retaining good staff is an important consideration for any company. Keep in mind this number is an average - hiring for a new executive costs over $35k, senior-level management over $25k, mid-level hire $18k, and entry-level positions $10k.

Even at the entry-level, it's a significant cost, and retaining those workers should be top-of-mind for all employers. With a diverse platform like The Fit & Wellness Hub at your fingertips, there’s no reason not to start immediately.

Talk to us now and see how easy it can be to offer your employees a world-class fitness platform they can use anywhere, anytime, On Demand. Give them the tools that are both effective and extremely inexpensive – in fact, you’ll make money from offering The Fit & Wellness Hub across your organisation.