In France, it's Wellbeing @ Work week

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:

- Absenteeism / “Presenteeism”
- 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