The Value of Wellbeing in the Workplace
The Earl E. Bakken Center for Spirituality & Healing defines wellbeing as a state of balance or alignment in body, mind, and spirit. This state of wellbeing reflects and inherent understanding and respect for our interconnectedness as human beings with the natural world. We experience wellbeing as individuals, families, workplaces and larger communities.
A culture of wellbeing in the workplace should be viewed as a strategy to achieve an organization's long-term goals. it must be embraced and incorporated into everything the organization does, in meaningful ways that resonate with employees.
Why should an organization invest in employee wellbeing?
Companies with higher levels of wellbeing achieve levels of employee engagement that are two times higher than those of other companies. Employee engagement is also critical to key organizational metrics, including employee retention.
Millennials and Gen Z represent the largest demographic in today's workforce, and they also have the highest job turnover rates attributed to mental health. 91% of employees say the last time they changed jobs, they left their company to achieve increased work-life balance and wellbeing.
Cost and Time-Saving
The majority of employees say that greater work-life balance and better personal wellbeing is "very important" to them. They also report higher revenue per employee, lower health care costs, fewer days lost and 70% fewer stressed employees.
Sources: Harvard Business Review, Gallup's American Workplace Report, Willis Towers Watson 2018 Survey Report
Explore available Programming for Organizations
While the dimensions of wellbeing apply to all, each industry and organization has its own culture, goals, challenges and opportunities. The Bakken Center works with organizations in Minnesota, nationally and globally, and across a variety of industries including education, healthcare, manufacturing, services, senior living, consumer goods, government, nonprofit, and more.