Dec 2020
These two tricky questions are top of mind for many HR professionals in these ‘non business-as-usual times’. Some are saying, “Frankly, I don’t know where to start”, don’t worry, help is at hand.
The starting point for setting your budget is a Strategic Health and Wellbeing Audit. This is the vital step in the design and implementation of a joined-up strategy. It will provide an independent assessment of what is currently in place, set the foundations to build a proactive and sustainable strategy and ensures a benchmark to prove both impact and ROI.
The Audit will help you understand:
And the last bit is key. The money you need to implement a truly effective and sustainable Health and Wellbeing strategy is already being spent and/or wasted in your business right now. You don’t need to find the budget, it’s already there.
Our proven process ensures that you are able to truly see the problems and understand them in context. Typically, this has meant a 25% reduction in absence and a 40% reduction in healthcare trust and private medical insurance spend, along with reduced general insurance premiums through mitigation of risk. One DNA client has saved around £600,000, whilst others are on target for similar amounts.
Every £1 invested in Health and Wellbeing will see between £3 and £7 back within 18 months, net of all investment.
More importantly, these clients now have a cohesive plan and are legally compliant, which wasn’t necessarily the case before. In terms of impact, with DNA’s help, they have fundamentally changed their approach to physical and mental health, absence overall and essential health interventions for staff.
The ability to change people’s lives for the better, both at work and at home, has to be something worth investing in.
In categories: Employee Engagement