In recent years there have been an increasing number of reports, statistics and evidence to demonstrate why workplace wellbeing is so important to an organisation, and I am pleased to see more and more companies coming onboard. A recent poll of delegates at the Wellbeing at Work event in London showed that 38 percent of organisations that attended, plan to implement their own wellbeing strategy in the next 12 months, and 45 percent are planning to do so in the next three years.
But why now? Workplace wellbeing is not just a moral duty, but there is an increasing acceptance that it is good for business. Organisations that place
wellbeing and engagement at the heart of their business strategy increase productivity, attract and retain the best talent, and reduce absenteeism, thus ensuring that the organisation continues to outperform competitors. The proof has been demonstrated at our events in recent years, with fantastic case studies from global brands sharing their hugely successful results.
The legal community is an industry sector that is embracing workplace wellbeing, but there is still much more work to do. Long hours, high client expectations and stressful environments can push individuals to their limit, leading to long-term sickness or absenteeism and costing the company in both talent and financial loss. Often, wellbeing initiatives do not require significant investment from the organisation. Many of the most successful schemes I have seen in recent months have been developed without large budgets but most importantly, employees are recognising the effort made and positive results are being delivered.
So, what is the answer? I strongly believe that workplace wellbeing is board-level critical, and will become increasingly important as technology advances, working days become longer, and the next generation of talent begins their journey in the workplace. Therefore, I would like to see senior executives from all industries, including the law, to lead and place it at the heart of their business strategy. The positive changes that organisations across the world have seen after implementing an all-encompassing initiative within their organisations would make any CEO or CFO realise that the time and financial investment was worthwhile for the bottom line.
The reports will continue to be written, the statistics and evidence will grow and my hope is that organisations both large and small will recognise the importance of workplace wellbeing to enable all of us to work in happier, healthier workplaces.