CORPORATE WELLNESS MALTA 2015

Transcription

1 CORPORATE WELLNESS MALTA 2015

2 Corporate Wellness There is a growing interest in well-being and health at work. This is a result of a: Post industrialised Europe Strong EU legislation in enhancing workers rights Increase in quality of life

3 Malta In Malta, wellbeing at work is becoming all the more important: War for Talent Word of mouth in a small island nation state New best practices introduced by companies setting up in Malta

4 Health Issues Recent surveys carried out across the EU: Around half of European workers consider stress to be common in their workplace. Absence from work is frequently discussed in terms of its costs

5 The cost While accidents at work are decreasing absence from work due to sickness is increasing, particularly long-term absence. In Malta the most recent statistics show: Average days lost per employee in 2008 were 3.32 in the private sector, and 8.34 in the public sector

6 Malta: Average Number of sick leave days Days

7 Cost of employer of sickness absence from work million

8 Today s seminar Agenda: The Corporate Wellness Revolution Engaging your workforce and integrating efficient programmes Speaker: Paul Sansome Almost 30 years experience in the health & fitness industry A health consultant with degrees in biochemistry and nutrition, and has a Masters in Behavioural Medicine. Consultant a number of multinational companies on corporate wellness

9 1887

10 IR TIMELINE OF DEVELOPMENT 1887 PULLMAN 1980 HCWP EXEC XEROX GYMS TEXAS INST. ROCKWELL (Melbourne) 1911 NCR HERSHEY S 1955 EAPs 1970 OHSA

11 CORPORATE WELLNESS IN 2014 HOW MANY COMPANIES NOW INCLUDE CW PROGRAMS AT THE ORGANIZATION 57% 90% $6 Billion Industry Expected 10% growth in 2016

12 World s largest employer-based conference focused on healthcare 200 International Speakers 3,000+ Delegates Live Webinars and Plug-in Networking to 200,000+ HR members 200+ Exhibitors

13 WELLNESS

14 sleep R&R getting ready for work 21% SLEEP 31% getting to work EAT 4% 2% work 2% 4% getting back from work 36% eating WORK rest & recreation

15 PRIMARY SOURCES OF INFORMATION CIPD, 2014 CBI, 2014 DTI, 2013 The Health & Safety Executive, 2013 The Global Workforce Survey, 2013 Harvard Business Review, 2014

16 1 According to the Health and Safety Executive statistics 2012/13, the rate of fatal injury decreased from 1.0 per 100,000 workers in 2000/01 to 0.5 in 2012/13: 2 Fit for purpose: Absence and workplace health survey 2013, CBI/Pfizer 3 An independent review aimed at reducing the cost of sickness to employers, taxpayers and the economy. Transforming sickness support will boost productivity and the economy,black C and Frost D, & 9 Fit for purpose: Absence and workplace health survey 2013, CBI/Pfizer. The average is pulled up by a small proportion of employees on costly long-term absence 5 The average daily direct cost for absence was estimated at 175 and this was multiplied by the firm three to take into account indirect costs including loss of quality, re-work, overtime and temporary labour 6 Voice of Small Businesses survey, Federation of Small Businesses, Presenteeism in the workplace: a review and research agenda, Johns G, Public expenditure statistical analyses 2013 (PESA), HM Treasury, REFERENCES 12 Is work good for your health and wellbeing?, Waddell G and Burton K, Healthy work challenges and opportunities to 2030, Vaughan-Jones H and Barham L, Mental health and work: United Kingdom, OECD conclusions, ecommendations, As part of research led by BUPA, YouGov Plc surveyed 10,241 October The Mori survey of 7,000 people was carried out for the European Depression Association (EDA) in seven EU countries Britain, Germany, Italy, Denmark, Turkey, Spain and France 20 State of the nation s waistline, National Obesity Forum, & 22 Statistics on obesity, physical activity and diet, The Health and Social Care Information Centre, & 24 British Psychological Society (BPS), Office workers spend too much time at their desks, experts say. Science Daily, Economic costs of obesity and the case for government intervention, McCormick B, Stone and the corporate analytical team, Department of Health, The Health and Safety Executive annual statistics 2012/13: ttp:// 27 Sedentary lifestyle leaves young people in pain, press release British Chiropractic Association, August Building the case for wellness, PricewaterhouseCoopers, International comparisons of productivity final estimates for 2012, ONS, February Boorman NHS Health and wellbeing review, Boorman S,November The value of rude health, Professor Marsden D and Morcione S, LSE, Wellbeing, productivity and happiness at work, Robertson I and Cooper C, Engaging for success: enhancing performance through employee engagement, Macleod and Clarke, Global workforce survey, Towers Watson, Is work good for your health and wellbeing?, Waddell G and Burton K, Healthy returns? CBI/Pfizer Absence and workplace health survey, Market watch report, EAP Association, Vocational rehabilitation: what works? Waddell G, Burton K, Kendall N, Reducing temporary work absence through early intervention: the case of MSDs in the EU, Bevan, The Work Foundation Is work good for your health and wellbeing?, Waddell G and Burton K, British Psychological Survey, Provided by Hannah Swift, senior associate and Kate Sheenan, senior associate, Dr Bridget Juniper, Work and Wellbeing Ltd 45 Building the case for wellness, PriceWaterhouseCoopers, Measuring, reporting and costing absence,cipd,2013

17 THE BENEFITS Reduce short term sickness by up to 32% Enhance employee loyalty by up to 63% Reduce stress levels by up to 71% Increase motivation by up to 69% Research into economic benefits of workplace activity programs IHRSA, 2012

18 Reduced Absenteeism Saved $3million in first year

19 Saved 2m in direct costs in year 1 by integrating Corporate Wellness 81% strongly agreed that having opportunities to participate in health promotions, made them feel the BT cared about their wellbeing. 64% said it made them feel proud to work for BT

20 Saved 227m in costs over a three year period Reduction of 2% in absenteeism Increased productivity lead to increases in business Built reputation of reliability with customers Return On Investment 5:1

21 2008 Direct costs for London office: 650,000 pa 2009 Direct costs for London office: 410,000 pa Investment into CWP 56,000 pa Saved in 1 st year: 184, : 4,000 employees across 30 UK offices

22 Saved $11m by reducing absenteeism by just 1% Invested 5m in a new health & wellness centre Leisure Club Swimming Pool Health Clinic Pharmacy

23 Reduced voluntary attrition from 15% to 4% in 3 years Voluntary Attrition almost half in companies with Corporate Wellness Programs 9% vs 16% Research study by: Towers Watson and the National Business Group 2014

24 THE BENEFITS Lower sickness & absenteeism Increased Productivity Higher Staff Morale Increased Business through efficiency Staff Retention Employer Reputation Talent Attraction Tax benefits Higher Bottom-line Profits Better work-life policies make employees healthier and happier and so less likely to take time off work.

25 At BT we believe that health and wellness are critical contributors to our future commercial success. Wellness is a fundamental driver of sustainable employee engagement and high performance, contributing to business success. To truly make a difference, wellbeing must be embedded in the organisational culture. Dr Catherine Kilfedder Group Wellness Director 2014

26 10 OBSTACLES WHY COMPANIES FAIL TO IMPLEMENT AN EFFECTIVE CW PROGRAM 1. Non-integration 2. Not getting support from the top 3. Being impatient 4. Insufficient Data collection 5. Not setting Health goals 6. Concentrating on being unhealthy 7. Too few options 8. No rewards 9. Not tracking results 10. Failing to evaluate

27 FOR Your Employees, Not TO Your Employees Stress Obesity Posture

28 STRESS

29 NUTRITION

30 HOW OLD IS YOUR BODY? PERFECT POSTURE

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35 INTEGRATION 1. Support From The Top 2. Get employees on board EVALUATE SUPPORT 3. Biometrics, Survey, HRA 4. Workforce Diagnosis 5. Action Plan, Goals & Incentives 6. Engagement & Participation 7. Coaching & Mentoring REWARDS MANAGEMENT COACHING COMMITTEE BIOMETRICS DIAGNOSIS 8. Management & Tracking 9. Communication & Rewards 10. Re-evaluation and Adjusting ENGAGE GOALS

36 SUMMARY OF EMPLOYEE COSTS Direct & Indirect Absenteeism Reduced Performance Loss of Productivity Recruitment Training & Re-Training Smoking

37 ,500 3 WEEKS!

38 Average direct costs of absenteeism 795 pe pa Transport & Manufacturing 1,200 pe pa (1,000 employees = 1.2million)

39 Approximate Cost Of Our Program LARGE MEDIUM SMALL 10,000+ 3,000 9, ,999 Per Employee Per Week

40 CONTACT Paul Sansome Tel:

41 CONTACT Marvin Cuschieri Tel: