Why Investing in a Healthy Workforce is Good for Small Business
For many small business owners, the focus is on keeping costs down and delivering high-quality products or services. Yet, a powerful, often overlooked, asset that can propel a business to success is the wellbeing of its workforce. Investing in employee health may seem like a luxury reserved for large companies, but it's time for small businesses to rethink this.
Misconception: Wellbeing Investments Are Too Expensive
A prevalent misconception among small businesses is that investing in employee wellbeing is a costly endeavour. Many believe it requires implementing expensive wellness programs, offering extravagant perks, or hiring additional personnel. Consequently, studies show that the majority of small businesses (82% in the U.K.) don't have a health and wellbeing strategy in place. This is a missed opportunity.
Small businesses don’t need to break the bank to create a healthier work environment. Prevention is the key. By acting early, small businesses can avoid bigger expenses related to burnout, absenteeism, and staff turnover.
Prevention Over Crisis Management
Many small businesses only address employee wellbeing when a crisis occurs, whether it’s high turnover, rising sick leave, or employee burnout. Instead of waiting for a problem, small businesses are uniquely positioned to adopt proactive, preventative measures. With fewer layers of management and more direct communication lines, small businesses can respond faster and more efficiently to employee needs.
For example, recognizing stressors early and offering support before they escalate into full-blown mental health crises is a cost-effective way to ensure employees stay engaged and productive. The reality is that the cost of providing reactive, specialist interventions like counselling or treatment far outweighs the cost of preventative measures.
Affordable, High-Impact Wellbeing Initiatives
Whilst group risk benefits like critical illness insurance and group income protection have been in existence for a long time these perks are traditionally associated with larger organizations and apply only to senior staff.
Fortunately there are now cost-effective wellbeing measures available which can lead to high-impact outcomes for the business and the employee, such as reducing staff turnover, and increasing productivity and engagement.
The key issue is finding a solution which is based on outcomes, correctly identifies the root cause of problems, and is clinically accredited.
The 1Stop4aGP 360 Solution:
1Stop4aGP: 360° offers an effective solution for businesses which, for an extremely affordable cost, will enable them to fully demonstrate and embed their commitment to staff wellbeing and mental health. When purchased by an employer, the service covers all employees and their immediate families, providing a holistic approach to healthcare. In addition to our core GP and prescription service, 360° offers employees personalised, on-demand advice and support from a breadth of expert mental health, financial and legal providers – a package of support unequalled within the additional healthcare industry.
Employees accessing the service will be allocated a dedicated case manager, putting them in touch with the experts who will work with them to understand their specific issues and help them to create the solutions they need to achieve a better quality of life. No matter the complexity of an individual’s case, we will be by their side until a resolution is reached.
Welcome to 1Stop4aGP: 360° - Integrated Healthcare Support for employees and their families.
