How Corporate Wellbeing Services Can Help Reduce Employee Turnover

High employee turnover can be a significant problem for businesses, potentially lowering their reputation, being costly, and disrupting team morale - making it crucial for business owners to address. While employees can leave a business for many reasons, one common reason is that they might not feel valued, cared for, or properly supported, leading them to seek a business that offers these qualities. Offering corporate wellbeing services can be extremely valuable for individuals and teams alike, encouraging employees to stay long-term, forging a fruitful career path too. In this post, we discuss how corporate wellbeing services can lower turnover and ultimately benefit businesses moving forward.

The Impact of High Staff Turnover on a Business

When a business has a high staff turnover, there are significant costs associated with it, such as the need to hire and train new employees, as well as providing new equipment. 

This can require substantial financial resources, time, and effort, diverting attention away from other important business priorities. Additionally, newly hired employees need time to adjust and become fully trained, meaning the business may experience a dip in performance while new staff get up to speed.

High staff turnover can also create a sense of instability and uncertainty within a team, potentially prompting them to seek new opportunities elsewhere. Ultimately, every employer aims to keep staff turnover as low as possible and maintain a team of high-performing, hardworking employees who are there to grow with your business.

Why Failing to Prioritise Employee Wellbeing Can Lead to Higher Staff Turnover

Employee wellbeing can play a significant role in high staff turnover. When employees are either mentally or physically unwell, it can affect their ability to perform effectively in their role and attend work on a daily basis. If a workplace doesn’t prioritise employee wellbeing, by offering corporate wellbeing services, staff may not have the resources and health support they need to perform specific roles or daily tasks.

By not offering employee wellbeing services can also lead to employees feeling undervalued and unappreciated, which can result in job dissatisfaction and push them to seek employment elsewhere, particularly within businesses that offer this type of support. Without adequate support, employees may also struggle with workplace pressures, leading to further frustration and disengagement. 

This is why many businesses choose to utilise corporate wellbeing services - to provide their teams with the mental and physical wellbeing support they need and ensure they are happy within the workplace.

How Corporate Wellbeing Services Can Reduce High Staff Turnover

By offering corporate wellbeing services, you can reduce high staff turnover by supporting employees' health and wellbeing, while improving workplace satisfaction. Investing in initiatives such as wellbeing workshops, health screenings, and ergonomic assessments; all services we offer at Precision Health, ensures that staff feel valued, supported, and motivated to stay. Below, we share some key reasons why corporate wellbeing services can help reduce turnover.

Supporting Staff Health and Wellness

Corporate wellbeing services can help employees maintain appropriate health and wellness, which in turn makes them less likely to leave due to health-related struggles. These services can help detect potential issues early on, allowing employees to seek medical support and prevent problems from developing, ensuring they stay as physically and mentally well as possible. When staff feel well and are less impacted by health struggles, they’re more likely to be productive, enjoy their work, and not feel the need to leave for another opportunity.

Ensuring Staff Feel Valued and Supported

Providing corporate wellbeing services also demonstrates that a business cares about their employees' health, making them feel more valued and supported. For example, offering wellbeing workshops, mental health support, and ergonomic improvements shows your staff that their wellbeing matters to you, making them feel more appreciated. When employees feel supported, they tend to develop stronger loyalty to their employer and are less likely to seek a new role elsewhere.

Enhancing Workplace Satisfaction

Workplace satisfaction is essential for retaining employees, and corporate wellbeing services offer added benefits. By providing these services, businesses show that they prioritise and care about their staff’s wellbeing, which can lead to a happier and more productive workforce that enjoys working there. Employees who feel valued in their workplace are more committed to their roles and less likely to leave, contributing to a stable and content workforce.

Alongside helping to lower staff turnover, corporate wellbeing services can also bring a range of other benefits, including an improvement in their productivity. When employees are healthy and well, they tend to feel more motivated and focused, which helps them perform better in their roles. This can result in a boost in performance and efficiency across teams, as your employees feel more engaged and can fully contribute to their work.

By offering these services, staff will feel happy and well-supported, which can also create stronger relationships between staff and management. By investing in corporate wellbeing services, you can create a happy and stronger team, contributing to the long-term success of your business.

Searching for Corporate Wellbeing Companies in Ireland?

If you are searching for corporate wellbeing companies in Ireland to help improve your team’s wellbeing and reduce staff turnover, why not work with Precision Health? We are passionate about improving the health workforces and providing them with the knowledge and resources they need to feel their best. Through our range of corporate wellbeing services, including workshops, health screenings and ergonomic assessments, your employees can feel valued and supported in the workplace, helping to limit employee turnover as much as possible.

We provide corporate wellbeing services both in person and remotely across Ireland, working with businesses of all sizes in different industries. Want to learn more about how we can assist with corporate wellbeing in Ireland? Get in contact with us today, and we will be happy to assist you further.