Is Wellbeing at Work expensive ?
For a lot of managers, Wellbeing at Work can be summed up the following way : it is expensive, it is not really useful...
Based on all the studies done in recent years, it is becoming more and more evident that what is costly for a company, is to do nothing.
The consequences of doing nothing can be seen in two differents types of costs
(N.B: all numbers are issued from french statistics)
- Direct costs such as :
- A cost of 21 512 € for each case of Musculoskeletal disorders (as declared to the national insurance scheme covering the workplace injuries)
- Expenditures of more than 10 billions for the AT-MP scheme
- The loss of 10 million workdays / year
- The cost of discomfort per employee is currently of 12,600 € / year / employee
-…
- Indirect consequences such as:
- Costs of collective health insurance (mutual)
- Damage to the company's reputation
- Increase in legal risks
- Talent retention problem
It is important to note that the total sum of the indirect consequences is estimated to be circa 60 Billions / year
The results:
- Performances of the company, including its productivity increase significantly
- Staff Engagement and employee loyalty improve
- A return on investment of 13 € for each € invested
- A potential gain of 14,580 € per year and per employee in social and responsible performance (IBET 2019)
- A powerful lever for a company looking to improve its CSR policy
To summarise up, A Wellbeing at Work scheme is not expensive, It is even the contrary.
This is the reason why QVT is important