Research on the relationship between health and productivity finds healthy workers are more productive at work than unhealthy workers. Mills, P 2005, The Vielife/IHPM Health and Performance Research Study, 1 July 2011. http://www.healthproject.com.au/content/ROI_CORPORATE_HEALTH.pdf
Australian workers’ compensation figures consistently reveal that physical and psychological injuries pose a costly burden to the Australian economy. Managing and minimising work-related stress of employees is one of the challenges that employers continually face (Lavelle, 2005; Working Carers Gateway, 2010). Stress damages the economy, organisations and individuals (Medibank Private Limited, 2008).
Chronic diseases; which include arthritis, musculoskeletal disease, depression and anxiety, cardiovascular disease, cancer, diabetes and hypertension, is considered to be largely preventable, and is identified as the prime cause of lost work time in the working-age population.World Economic Forum 2008, Working Towards Wellness:The Business Rationale, 1 July 2011,http://www.weforum.org/pdf/Wellness/report.pdf
Health and wellbeing programs help to attract quality employees who value personal health and assist in retaining existing staff members. Roll out of programs has the potential to improve workplace culture as well as workplace health by developing a closer congruence between employer and employee values—increasing the satisfaction level of employees. Crowther, I, Thwaites, M and Zhou, J 2004, Measuring the benefits of corporate health & wellbeing initiatives, 25 July 2011.
When employees at work are not fully functioning due to illness or a medical condition, it is estimated the cost to the employer is between three and four times that of absenteeism. Australian Government Comcare Report. Benefits to business: the evidence for investing in worker health and wellbeing 2011 http://www.comcare.gov.au/__data/assets/pdf_file/0006/99303/01410_WH_and_S_Benefits_to_business_v1.pdf
In 2005-06 the cost of presenteeism to the Australian economy was estimated to be 25.7 billion
“Sick at work” Medibank private study. 2007.
Stress at work is costing the Australian economy $14.81 Billion a year.
Stress related Presenteeism and absenteeism are directly costing Australian Businesses $10.1 Billion each year. 3.2 days per worker are lost each year due to workplace stress
“The Cost of Workplace Stress in Australia” Medibank private Workplace Health Report 2008.
Healthy employees are nearly three times more productive than unhealthy employees. Unhealthy employees take up to nine times more sick days than their healthy colleagues. Poor employee health and absenteeism is costing Australian business more than 7 billion dollars annually. 53% of Australian workers feel overwhelmed with stress and pressure most of the time.
“The health of Australia’s workforce” Medibank private report 2005