There is a reason why the global workplace wellness industry is valued at $53.6 billion and is expected to grow at a CAGR of 6.9% over the next few years.
But is workplace wellness just a fad that demanding employees are cashing in on in an attempt to milk their employers for all they possibly can? Or is workplace wellness the key to boosting the productivity and profitability of a business?
Let’s find out together.
We have the latest workplace wellness statistics that every business owner and HR manager need to know.
Mind-blowing Health and Wellness Statistics - 2020
- 75% of employers offer some kind of wellness program to their employees.
- 20% of employees take part in non-incentivized wellness programs.
- Disengaged employees cost companies up to $550 billion each year.
- Company health wellbeing programs result in an 11% in revenue generated per employee per year.
- For every dollar spent on an employee wellness program, $3.3 is saved in healthcare costs.
- Less than 25% of people employed by companies with wellness programs intend to leave their jobs within the next 12 months.
- Companies with workplace wellness programs in place report a 66% productivity increase.
- Employees who participate in wellness programs are 3x more likely to recommend their company to others.
Well-being Statistics in the Workplace
So what does well-being in th office look like? Are the results of wellbeing efforts immediately visible? Do employees even want to take part in such programs?
We’re about to reveal the answers to these questions and more.
1. Only 20% of employees participate in standard wellness programs.
According to recent workplace wellbeing statistics, an alarming 34% of employees report feeling physically and emotionally drained at work on an hourly basis.
So what percentage of employees participate in wellness programs?
Surprisingly, only 20% of employees take part in the wellness programs offered by their company.
2. … But a penal and rewards system increases participation rates by up to 73%.
Workplace wellness programs statistics show that companies that implement penalties for not participating in the programs have a much higher adoption rate. Companies that offer monetary or nonmonetary incentives have a 40% adoption rate.
And it doesn’t come down to annual income:
3. 67% of employees who earn between $25,001 and $50,000 are more likely to participate in wellness programs.
Somewhat surprisingly, it’s not the employees who earn the least or the most who are more likely to participate in wellness programs. In fact, only 2% of people who earn more than $100,000 participate in these programs, while 14% of those who earn $25,000 and under are likely to join.
4. 75% of employers offer some kind of wellness program to their employees.
Three-quarters of companies see the value found in workplace wellness statistics. So, it’s clear that this is one workplace trend that has been adopted eagerly.
Employee Wellness and Engagement
Employee wellness and engagement go hand-in-hand, as workplace wellness statistics demonstrate time and time again.
What percentage of employees are engaged at work?
5. Only 34% of employees are engaged at work.
That’s a solid percentage, but it still means that 66% of employees aren’t.
Why is this a big deal? Well:
6. Disengaged employees cost companies up to $550 billion every year.
Disengaged employees cost US companies between $450 and $550 billion every year. What sucks about this statistic is that 95% of employees know they’re disengaged--but perhaps they don’t know how far-reaching the consequences of their disengagement are.
7. Employees who are recognized are 4.6x more likely to perform their best work.
Employees who feel appreciated are significantly more likely to perform their best work. This applies to everyone in the workplace from senior-level executives to Summer interns.
8. Engaged employees can boost profitability by 21%.
Can workplace wellness increase profitability? Certainly. In fact, teams that are highly engaged in workplace wellness programs can boost the overall profitability of a business by 21%.
Workplace Wellness and Productivity Statistics
Do employee wellness programs increase productivity? These stats will answer this vital question.
9. Workplaces that don’t contribute towards their employees’ wellness reduce productivity by 17.5%.
Don’t make the mistake of thinking that if you choose not to implement a workplace wellness program things will remain as they are. Companies that don’t introduce wellness programs will see a dramatic drop in productivity.
10. Company health wellness programs result in an 11% rise in revenue generated per employee.
When implemented properly, company health wellness programs result in an 11% revenue increase per employee, 28% greater shareholder returns and 1.8 fewer days absent per employee every year. All of these factors can increase the overall level of productivity within a company.
11. Companies with workplace wellness programs in place report a 66% productivity increase.
As if a 66% productivity increase isn’t enough, companies also report a 67% increase in employee satisfaction, a 63% increase in financial stability and growth, as well as a 50% decrease in absenteeism.
12. 51% of employees feel that they are unproductive as a direct result of workplace stress.
More than half of all employees feel that they are unproductive at work due to stress in the workplace. Wellness programs specifically focus on reducing stress, but more on that later.
Workplace Flexibility Statistics
Just how does flexibility impact the wellness of employees? We’ll let the following facts and figures speak for themselves.
13. Flexible work arrangements make 78% of employees feel more productive.
Nealy eight in ten employees working for companies that offer flexible work arrangements feel that they’re more productive.
73% of these employees report that they’re more satisfied in their work.
14. More than half of all employees wish their employers would offer more flexible work options.
Wellbeing in the workplace statistics show that this is one area in which employees are crying out for improvement, with 51% of all employees wishing their company offered a flexible working option.
Flexibility reduces stress, encourages productivity, and boosts the mental wellbeing of employees--all of which are factors that influence your bottom line.
15. 70% of managers believe flexibility can increase productivity.
A whopping 70% of managers see the value that flexibility can bring to the workplace, while 87% of employees agree with this sentiment.
16. More than 60% of job candidates rank flexible work arrangements as key components in attracting them to a company.
Flexible working arrangements are one of the most attractive offerings a company can provide to potential employees. Interesting.
Workplace Emotional Wellness Statistics
Many factors influence the emotional wellness of an employee, but the most severe influencing factors are stress, anxiety, and depression.
17. 83% of employees are stressed by at least one thing at work.
The vast majority of US employees report being stressed by at least one work-related task. Considering that the US workforce is 155.76 million strong, approximately 124,608,000 people are experiencing stress.
What’s so bad about stress? Well…
18. Stress costs companies an estimated $300 billion every year.
Stress is a factor the majority of wellness programs aim to tackle. Considering that it can cost companies up to an estimated amount of $300 billion annually, we understand the focus. Absenteeism, lost productivity, accidents, medical costs, training expenses, and employee turnover contribute to this figure.
19. Globally, an estimated 264 million people suffer from depression and anxiety, occupational wellness statistics reveal.
What does this staggering--and quite frankly unacceptable--number translate to in the workplace?
An annual $1 trillion in lost productivity, that’s what. Workplace-related causes of depression and anxiety include inflexible working hours, low levels of support, inadequate health & safety policies, as well as assigning tasks unsuitable to an employee’s competency.
What could be part of the solution to these workplace emotional wellness statistics? Isn’t it obvious?
20. 80% of employees say having pets in the workplace makes them happier, more sociable, and relaxed.
Workplace wellness statistics show that you don’t have to implement a grand six-week wellness challenge. By simply allowing employees to bring their pets to work once a week, you can boost morale by up to 80%.
Benefits of Wellness Programs Statistics
Now that you know all about how wellness impacts a workplace, it’s time to take a look at the benefits of wellness programs that are going to put the spring back in your step.
21. 61% of participants in workplace wellness programs report making healthier lifestyle choices.
When it comes to the benefits of wellness programs statistics, they speak for themselves. Six in ten employees who participate in their company’s workplace wellness programs report making healthier lifestyle choices as a direct result.
22. Less than 25% of people employed by companies with wellness programs intend to leave their jobs in the next 12 months.
According to employee retention statistics, companies that offer employee wellness programs will have less trouble keeping their teams intact.
To drive home the importance of this statistic:
In companies that don’t offer employee wellness programs, 51% of employees intend to leave their jobs in the year to come.
23. Employees who participate in wellness programs are 3x more likely to recommend their company.
It’s clear that workplace wellness and retention statistics go hand-in-hand with one another. Not only will wellness programs increase your employees’ workplace satisfaction, but they’ll also make employees significantly more likely to recommend your company to friends and family.
24. For every dollar spent, $3.3 is saved.
Do workplace wellness programs save employers money? Yes, yes they do. In fact, for every dollar allocated towards a wellness program, companies save a total of $3.3 in healthcare-related costs.
You want what is best for your business, right? Well, the workplace wellness statistics we’ve shared with you today show that in order for your business to thrive, so should your employees.
Use these workplace wellness statistics and apply what they’ve taught you to your business. Your employees will thank you, and your bottom line will, too. Once all the thank yous are out of the way, you can get around to thanking us as well.
We can’t wait to see what employee wellness statistics 2020 will bring with them.